Tweede Protocol bij de op 29 mei 1991 te Den Haag ondertekende overeenkomst tussen het Koninkrijk der Nederlanden en de Republiek Venezuela tot het vermijden van dubbele belasting en het voorkomen van het ontgaan van belasting met betrekking tot belastingen naar het inkomen

For the purposes of Article 2, paragraph 3, sub-paragraph b) of the Convention, it is understood that, in the case of Venezuela the business assets tax is included in the existing taxes to which the Convention shall apply.

Wijzigt de Overeenkomst tussen het Koninkrijk der Nederlanden en de Republiek Venezuela tot het vermijden van dubbele belasting en het voorkomen van het ontgaan van belasting met betrekking tot belastingen naar het inkomen, 's-Gravenhage, 29-05-1991.

It is understood that, for the purposes of Article 4 of the Convention, the definition of resident established therein shall not preclude the enjoyment of the benefits provided in this treaty to persons subject to a territorial system of taxation in Venezuela. It is understood, however, that the foregoing sentence shall not preclude the application of the provisions of Articles I and VII of the Protocol to the Convention in the cases provided for in those Articles in conjunction with Article 4 of this Protocol.

It is understood that the provisions of Articles I and VII of the Protocol to the Convention do not apply when the beneficial owner of such income is an individual or the Government of the Republic of Venezuela, one of the States of the Republic of Venezuela, a municipality of Venezuela or a company, public or private, which is a resident of Venezuela
– where the Republic of Venezuela, one of the States of Venezuela or a municipality of Venezuela ownst at least fifty percent (50%) of the capital stock of such company, or
– where such company is engaged in an active trade or business in Venezuela, or
– where in the principal class of shares in such company there is substantial and regular trading on the Maracaibo and Caracas Stock Exchanges,
provided that such company receiving the income in Venezuela is the beneficial owner of such income. Further the provisions of Articles I and VII of the Protocol to the Convention shall not apply in cases where the competent authorities of the Contracting States in conformity with Article 26 of the Convention mutually agree that it is established that any other company receiving such income in Venezuela is a resident of Venezuela according to the provisions of Articles 1 and 4 of the Convention and that such company is not established or maintained in Venezuela mainly for the purpose of ensuring the benefits of paragraph 3 of Article 10 of the Convention.

Wijzigt de Overeenkomst tussen het Koninkrijk der Nederlanden en de Republiek Venezuela tot het vermijden van dubbele belasting en het voorkomen van het ontgaan van belasting met betrekking tot belastingen naar het inkomen, 's-Gravenhage, 29-05-1991.

1. This Protocol shall enter into force on the thirtieth day after the latter of the dates on which the respective Governments have notified each other in writing that the formalities constitutionally required in their respective States have been complied with, and its provisions shall have effect for taxable years and periods beginning on or after the first day of January in the calender year following the date of entry into force of the Convention.
2. This Protocol shall remain in force as long as the Convention remains in force.