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Amendments to Bill "Work on Profit" announced

13 August 2006

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Proposed Changes

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Netherlands

In a press release of 6 July 2006 and letter of 13 July 2006 (DB-06-408), the Minister of Finance announced the following two amendments to the Bill "Work on Profit": -   a refund of Netherlands dividend withholding tax will be granted to exempt entities, such as pension funds resident in an EU Member State. Currently, the refund is only granted to Netherlands exempt entities; and -   dividends distributed by a company resident in the Netherlands to a company resident in another EU Member State, which holds a participation of at least 5% in the Netherlands company, are exempt...