Netherlands: Updated IGA with United States

Netherlands: Updated IGA with United States

Competent authorities in the Netherlands and the United States updated the FATCA intergovernmental agreement (IGA) to include additional entities as “non-reporting Netherlands financial institutions” that are treated as deemed-compliant foreign financial institutions.

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In addition, an entity that meets the requirements of an entity in a “sponsoring regime” prior to the date of Annex II amendments will not be considered a reporting Netherlands financial institution that is “in significant non-compliance with the IGA.”


Read a September 2020 report [PDF 135 KB] prepared by the KPMG member firm in the Netherlands

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