The Netherlands Council of Ministers has authorised the Minister of Foreign Affairs to sign an income tax treaty with Cyprus on behalf of Curacao on 4 April 2025.
The DTA seeks to eliminate double taxation on income and prevent tax evasion or avoidance in cross-border transactions involving taxpayers from the Netherlands and Curacao and Cyprus.
Negotiations for the treaty were completed on 25 September 2024. This is the first treaty between the two countries and must be signed and ratified before taking effect.
As a constituent country of the Kingdom of the Netherlands, Curaçao can negotiate bilateral tax agreements under certain conditions. For instance, signing tax treaties requires authorisation from the Dutch Council of Ministers, and the Dutch parliament must approve ratification.
