The double taxation agreement with respect to bank taxes between the Netherlands and the UK entered into force on 30 April 2015. 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 country is a subsidiary of an entity resident in the other country, the first mentioned country will allow a credit against its domestic bank ta…