For more than 400 years Japan and the Netherlands have had a very good trade relation. The tax treaty between Japan and the Netherlands is of great importance due to significant inward and outward investment to and from Japan through Dutch companies.
Today (August 25th 2010) representatives of Japan and The Netherlands signed a new treaty for the avoidance of double taxation in Tokyo. The new treaty replaces the one concluded between Japan and the Netherlands in 1970.
The most important changes of the new tax treaty are that it will significantly reduce the withholding tax rates applicable to dividends and royalties. This will ensure that the Netherlands will remain one of the most important trading partners of Japan. The treaty will also introduce new provisions aimed at preventing tax evasion and abuse of the treaty.
The attached tax alert provides more details on the new treaty.
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