New tax initiative allows US taxpayers to claim tax deductions
(April 10, 2007) – New tax initiatives between the United States and the Netherlands Antilles mean good news for meetings and convention planners. The agreement allows US taxpayers to claim a tax deduction for expenses associated with a convention held in the Netherlands Antilles to the same extent as a convention held in the US.
The implementation of the Tax Information Exchange Agreement means that the five islands of the Netherlands Antilles – Bonaire, Curaçao, Saba, St Eustatius and St Maarten – are considered part of the North American area. (Aruba had previously been considered part of the Netherlands Antilles until 1986 when it was granted a “status apart” and became a separate part of the Kingdom of the Netherlands.)
Expenses incurred while attending conventions, business meetings and seminars on the five islands are allowed as deductions according to the same regulations as if each of the five islands were a US territory.
For your FREE on-line Bonaire, Curaçao, Saba, St Eustatius and St Maarten travel guides, visit www.caribbean.com.
Disclaimer: The information in this article/release was accurate at
press time; however, we suggest you confirm all details and prices
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