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.

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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

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