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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.

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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

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