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Netherlands: Practical guide for financial institutions providing FATCA, CRS data

Netherlands: Practical guide for FATCA, CRS data

The Dutch tax authorities issued a “practical guide” that explains steps for financial institutions to follow in reporting information to the authorities under FATCA and common reporting standard (CRS) regimes.

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 The document provides details for financial institutions with regard to:

  • Determining the type of data to be provided under FATCA/CRS regimes to the Dutch tax authorities
  • Registering with Dutch tax authorities through the FATCA/CRS portal
  • Compiling and submitting financial data for FATCA/CRS reporting
  • Indicating no information will be reported about a certain year (“nil reporting”)

Related to the publication of the guide, the Dutch tax authorities have a new system for nil reporting that is now to be conducted via the FATCA/CRS portal.
 

Read an October 2019 report [PDF 58 KB] prepared by the KPMG member firm in the Netherlands

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