Common use of Revenue Sharing Clause in Contracts

Revenue Sharing. (1) The Netherlands Antilles shall retain 25% of the revenue of the withholding tax mentioned in Article 5, paragraph 1, and transfer 75% of the revenue to the United Kingdom of Great Britain and Northern Ireland. (2) If the Netherlands Antilles levies withholding tax in accordance with Article 5, paragraph 4, the Netherlands Antilles shall retain 25% of the revenue and transfer 75% to the United Kingdom of Great Britain and Northern Ireland of the revenue of the withholding tax levied on interest payments made to entities referred to in Article 4, paragraph 2, of the Directive, established in the United Kingdom of Great Britain and Northern Ireland. (3) Such transfers shall take place at the latest within a period of six months following the end of the tax year of the Netherlands Antilles. (4) The Netherlands Antilles shall take the necessary measures to ensure the proper functioning of this revenue-sharing system.

Revenue Sharing. (1) . The Netherlands Antilles shall retain 25% of the revenue of the withholding tax mentioned in Article 5, paragraph 1, and transfer 75% of the revenue to the United Kingdom of Great Britain and Northern Ireland. (2) . If the Netherlands Antilles levies withholding tax in accordance with Article 5, paragraph 4, the Netherlands Antilles shall retain 25% of the revenue and transfer 75% to the United Kingdom of Great Britain and Northern Ireland of the revenue of the withholding tax levied on interest payments made to entities referred to in Article 4, paragraph 2, of the Directive, established in the United Kingdom of Great Britain and Northern Ireland. (3) . Such transfers shall take place at the latest within a period of six months following the end of the tax year of the Netherlands Antilles. (4) . The Netherlands Antilles shall take the necessary measures to ensure the proper functioning of this revenue-sharing system.