Starting September 2015, Curacao will automatically exchange (financial) information with America and through Netherlands, with Europe.
The basis for exchanging information with America is the Inter-Governmental Agreement (IGA) to improve international tax compliance and implement the Foreign Account Tax Compliance Act (FATCA). The basis for the exchange of information with Europe is laid down in the European Savings Rate Directive (ESRR), known under Council Directive 2003/48 / EC.
From tax year 2016 onwards, information under the Common Reporting Standard (CRS) will also be exchanged with countries that have signed the Multilateral Competent Authority Agreement on Automatic Exchange or Financial Account Information (MCAA).
Whether you are an individual or a business, It is very important develop tax strategies that take advantage of new tax laws and legislation.