Netherlands - Japan tax treaty into force
A new tax treaty between the Netherlands and Japan will come into force on 1 January 2012. The treaty was signed in August 2011 and both parliaments have now approved the treaty.
Reciprocal advantages
As announced on the Dutch Ministry of Finance website, the new tax treaty lowers the withholding tax rates on dividends, interest and royalties.
This makes it more attractive for Dutch companies to do business in Japan and for Japanese companies to invest in the Netherlands.
Foreign investment in Amsterdam Area
Japan is one of the primary foreign investors in the Amsterdam Metropolitan Area. For many years, the competitive tax regime and strategic location has attracted Japanese firms. Amsterdam has the second largest Japanese community in Europe and over 350 Japanese firms operate in the area.
Japanese community
With the impressive range of services on offer to Japanese workers and their families in the Amsterdam Area, it is perhaps not surprising that the Area is home to the second largest Japanese community in Europe - a community that continues to grow.
Members of the Japanese community in the Amsterdam Area can rely on a highly-specialised range of services specifically targeted to their needs. For example, the specialised medical care community resources include a Japan Desk and regular medical check-up service by Japanese doctors at the Amstelland Hospital as well as a Japanese dentist.
There are also Japanese schools and restaurants which reflect the educational and culinary heritage of Japan. The local library has a selection of Japanese literature and there is even a Japanese-speaking fishmonger, who caters to the tastes of his fellow countrymen.
Related topics
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Japanese companies keen on Amsterdam Metropolitan Area
The Netherlands and Japan sign new tax treaty in Tokyo
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