Netherlands: Report for conduit companies

The Deputy Minister of Finance sent the government’s response to the Lower House of Parliament.

Deputy Minister of Finance sent the government’s response to the Lower House of Parliament

The Conduit Companies Committee on 22 November 2021 released a 103-page report containing 15 recommendations, that are further divided into six tax and nine non-tax policy options.

Read the report Op weg naar acceptabele doorstroom (Dutch) (translated as “The road to acceptable conduit activities”).

The Deputy Minister of Finance also sent the government’s response to this report to the Lower House of Parliament. In brief, it appears from this response that the government believes that the soon-to-be-expected EU measures for letterbox companies would need to be followed as far as the possible withholding of benefits for conduit companies is concerned, and that the next government should consider tightening in the fields of information exchange, transparency, and supervision. Conduit companies need to prepare for these developments.

Read a November 2021 report prepared by the KPMG member firm in the Netherlands 

 

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