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Netherlands: FATCA and Dutch residents who are U.S. citizens

Netherlands: FATCA and Dutch residents, U.S. citizens

The Dutch tax administration released a document that answers questions from Parliament about the outcome of a test by the central bank (De Nederlandsche Bank NV (DNB)) with regard to Dutch citizens who have U.S. nationality.

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Among the items addressed are the following:

  • Concerns about the closure of bank accounts of Dutch citizens who have U.S. nationality (“accidental Americans”) in connection with FATCA
  • Updates about the outcome of the DNB test related to the issue of current accounts of private individuals
  • Concerns related to the dilemma encountered by banks due to FATCA regulations and consequences of “accidental Americans” and bank account closures
  • Clarification about “accidental Americans” being the first group for participation in the DNB test
  • Deadlines for bank account closures


Read a November 2020 report [PDF 136 KB] prepared by the KPMG member firm in the Netherlands

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