General tax information – types of securities, deadlines, other market specifics – Netherlands
Types of securities
The eligible securities issued in the Netherlands are as follows:
Debt securities:
- Domestic bonds (including government bonds);
- Short-term notes:
- T-bills;
- Domestic and foreign commercial paper (including Dutch Treasury Certificates);
- Domestic and foreign certificates of deposit (including Nederlandsche Bank Certificates);
- Medium-term notes;
- Foreign bonds;
- Stripped government bonds.
No withholding tax is deducted from interest on Dutch debt securities held in LuxCSD.
Equities:
- Ordinary shares
The default Dutch withholding tax rate applies to dividends paid from Dutch equities.
Types of beneficial owner
The following types of beneficial owner are recognised for tax purposes in the Netherlands:
- Residents of Double Taxation Treaty (DTT) countries;
- EU tax-exempt legal entities (such as pension funds, charities)
Market specifics
Due to shorter deadlines imposed by law, the availability of RAS and QR in Netherlands depend on each issuer and on the paying agents. Clients claiming DTT will receive the service on a “best efforts” basis upon confirmation, at event level, depending on the paying agent.
RAS and QR payments will be processed once the funds have been received from the paying agent.
Clients can reclaim withholding tax on behalf of the beneficial owner through LuxCSD by submitting the appropriate documentation.
Residents of the Netherlands cannot reclaim withholding tax through LuxCSD.
Standard refund
The Dutch Tax Authorities (DTA) have closed the existing Tax Web Portal on 1 July 2024 with the need to switch to a new one to file the standard reclaims.
LuxCSD has been trying to access this new web portal but is currently facing access restrictions. For this reason, LuxCSD had to suspend its standard refund offering until further notice.
Please see Announcement L24028 for further details.