The Dutch government is trying to get rid of its image as a gateway to low tax countries. Therefore, from 2024 there will be tax levy on dividend payments to countries with low tax rates. Such has been announced by the Deputy Minister of Finance in a letter dated 29 May 2020 to the Lower House of Parliament. The aforementioned tax levy will be in addition to the withholding tax on interest and royalties that shall apply from 2021.
If you would like to evaluate your company’s international structure please feel free to contact your local specialist directly through our website www.unitedtaxnetwork.com
Siegfried R. Jagga
President UTN Worldwide