On 22 December 2006, the deputy Director-General for Fiscal Affairs (Directorate International Affairs) of the Ministry of Finance published a new decree with respect to the credit for withholding tax and the application of the redistribution facility for dividends received from the United Kingdom, which replaces the decree of 17 October 2006. The new decree indicates that contrary to the previous decree, the UK tax on the grossed-up dividends does not qualify as a withholding tax for the application of the redistribution facility in the Netherlands with retroactive effect from 17 October 2006. The amendment only applies to the redistribution...