In a press release of 6 February 2013, it was announced that the competent authorities of the Netherlands and Spain on 18 December 2012 have signed a MAP, regarding the application of the Netherlands - Spain Income and Capital Tax Treaty (1971) to investors in a closed fund for mutual account (fonds voor gemene rekening (closed FGR)) established in the Netherlands. Details of the agreement, which applies from 1 January 2013, are summarized below.
Qualifying FGRs
The agr…