Introduction Withholding Tax Act 2020

On Budget Day 2018, the Dutch government released its much debated proposal to abolish the  dividend withholding tax of 15% as of 2020. Instead of the current provisions, a new specific withholding tax will be introduced for abusive situations. Proposal is to the levy, as of 2020, a withholding tax of 23.9% on dividend distributions to corporate entities that have a decisive control over the distributing entity and are residing in a jurisdiction with a statutory CIT rate of less than 7% or in countries on the EU list of non-cooperative jurisdictions. Click here to read the full article.