Dutch announce 2024 conditional withholding tax on dividend payments to 'tax havens'

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June 2020

Overview

The Dutch government, on May 29, announced a new conditional withholding tax on dividend payments to jurisdictions that have a corporate tax rate below 9% or to jurisdictions included on the EU’s blacklist of non-cooperative jurisdictions, effective January 1, 2024. The conditional withholding tax on dividend payments is an addition to the recently passed conditional withholding tax on interest and royalty payments, effective January 1, 2021.

The takeaway

The Dutch government’s announced conditional withholding tax on dividend payments may have limited impact on US multinational entities. However taxpayers should analyze any possible impact to their business operations.

 

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Bernard Moens

US Inbound International Tax Services Leader, PwC US

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