New agreement on organizations eligible for benefits under Art. 35 of Netherlands-US treaty signed

Under the mutual agreement procedure of Art. 29 of the 1993 Netherlands-US income tax treaty, the tax authorities of the Netherlands and the United States on 6 August 2007 signed a new agreement in respect of the application of Art. 35 (exempt pension trusts) of the treaty. Art. 35 provides for an exemption of the dividends and interest derived by certain organizations where those organizations solely administer or provide pension, retirement or other employee benefits. The agr…