Netherlands: Tax administration responds to Parliament’s FATCA questions

Netherlands: Parliament’s FATCA questions

The Dutch tax administration answered questions from Parliament concerning the FATCA regime. Answers were sent to the lower house.


Some of the answers to the questions concern:

  • Consumers that no longer have a basic payment account if the financial institution concerned follows non-binding advice
  • Measures and resources that can be applied to prevent financial institutions from blocking and freezing accounts solely based on the absence of a taxpayer identification number / social security number (TIN / SSN)
  • Regulations related to FATCA registrations, regarding consequences that sponsored entities and sponsoring entities might face
  • Reason for the initial decision taken by the Netherlands for not designating “sponsored entities” as “non-reporting financial institutions” in Annex II of the intergovernmental agreement (IGA)

Read an October 2020 report [PDF 137 KB] prepared by the KPMG member firm in the Netherlands

© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organization please visit

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained 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