The Netherlands announced in the Official Gazette on 25 July, 2024, that it signed a tax treaty to prevent double taxation between Curaçao and Suriname.
As a constituent country of the Kingdom of the Netherlands, Curaçao can negotiate bilateral tax agreements under certain conditions. However, the Dutch parliament has the authority to ratify these treaties.
The tax treaty establishes a framework for enhanced cooperation on fiscal matters between Suriname and Curaçao. The aim of this treaty, which is a first between Curaçao and Suriname, is to reduce double taxation and remove significant budgetary and economic barriers.
Additionally, the treaty is expected to promote economic activity within both countries and may attract companies interested in conducting business in Curaçao and Suriname.
The treaty will take effect once the ratification procedures are completed.
