HM Treasury of the U.K. has issued the Double Taxation Relief (Bank Levy) (Netherlands) Order 2015 for the ratification of the pending agreement with the Netherlands for the avoidance of double taxation and the prevention of fiscal evasion with respect to bank taxes. The agreement, signed 12 June 2013, covers the Netherlands bank tax set out in the Law on bank tax, and the U.K. bank levy set out in Schedule 19 of the Finance Act 2011.
Under the agreement, when an entity resident in one coun…