Share with your friends

Effects of FATCA for U.S. persons residing in the Netherlands

Effects of FATCA, U.S. persons residing in Netherlands

The Dutch tax administration released a document in response to parliamentary questions about the effects of the FATCA regime for U.S. persons who are residents of the Netherlands.


Related content

The questions address topics such as:

  • Adjustments to the application procedure for Social Security numbers / taxpayer identification numbers (SSN / TIN); effects of renouncing U.S. nationality; addressing “bottlenecks” in the FATCA regulations for Dutch residents
  • What are the number of Dutch "accidental Americans" that do not yet have a U.S. TIN / SSN as of 1 June 2019
  • Permitting banks to report the date of birth instead of an SSN under the transitional rule that expires at the end 2019
  • SSNs obtained by Dutch residents before the deadline of 1 October 2019
  • Reservations among banks about having U.S. citizens as their customers
  • Clarifications regarding sanctions imposed for non-compliance
  • The role of the government in addressing issues faced by Dutch citizens having U.S. nationality

Read a July 2019 report [PDF 78 KB] prepared by the KPMG member firm in the Netherlands

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal