Netherlands: Official translation of FATCA guidance

Netherlands: Official translation of FATCA guidance

Guidance concerning the Foreign Account Tax Compliance Act (FATCA), issued in January 2015 by the Dutch Ministry of Finance, includes technical explanatory notes to the intergovernmental agreement (IGA) between the Netherlands and the United States. Originally, the guidance was only officially available in Dutch.

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An official English version of the FATCA guidance (English) is available. This guidance identifies four types of financial institutions, and sets forth rules for each under the FATCA regime:

  • Depository institution
  • Custodial institution
  • Investment entity
  • Specified insurance company

As previously reported, holding companies and treasury centers resident in the Netherlands generally are not considered financial institutions, provided that these entities do not fall within the scope of one of the above-listed types.

 

Read a January 2015 report prepared by the KPMG member firm in the Netherlands: Dutch Guidance on FATCA Published

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