- 1
- This Agreement shall apply to the following taxes imposed by the Parties:
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- a)in the case of the Netherlands:
- (i)Income tax (Inkomstenbelasting)
- (ii)Wages tax (Loonbelasting)
- (iii)Company tax, including the Government share in the net profits of the exploitation of natural resources levied pursuant the Mining Act (Vennootschapsbelasting, daaronder begrepen het aandeel van de Regering in de netto-winsten behaald met de exploitatie van natuurlijke rijkdommen geheven krachtens de Mijnbouwwet)
- (iv)Dividend tax (Dividendbelasting)
- (v)Gift tax (Schenkingsrecht)
- (vi)Inheritance tax (Successierecht)
- (vii)Value added tax (Omzetbelasting)
- b)in the case of Bermuda:The existing taxes which are the subject of this Agreement are direct taxes of every kind and description.
- 2
- This Agreement shall also apply to any identical or substantially similar taxes imposed after the date of signature of the Agreement in addition to or in place of the existing taxes. The competent authorities of the Contracting Parties shall notify each other of any substantial changes to the taxation and related information gathering measures covered by this Agreement. Furthermore, the taxes covered may be expanded or modified by mutual agreement of the Contracting Parties in the form of exchange of letters.