In a letter to the Dutch House of Representatives dated 11 January 2017, Secretary of Finance Eric Wiebes provides an update on the exchange of cross-border tax rulings and advance pricing agreement as per the BEPS Action 5 and the Council Directive (EU) 2015/2376, which was recently transposed into Dutch Law. Under BEPS Action 5, information on past rulings was to be exchanged by the end of 2016, while under the EU rules, information on past rulings must be exchanged by the end of 2017. The letter notes that due to the large number of past rulings that must be...