• Service: Tax, Global Indirect Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 4/4/2014

Netherlands - Approvals for separate share classes, investment funds 

April 4: The Dutch Deputy Minister of Finance published guidance for fiscal investment institutions (Fiscale beleggingsinstellingen) that includes two additional approvals—one for real estate investment funds and one for investment funds using separate share classes.

The approvals included in the new decree:

  • Allow an fiscal investment institution (FII) to treat a dividend received from its subsidiary as an acquired dividend, provided certain conditions are met, in order to prevent double taxation
  • Provide an exemption to the equal profit distribution obligation for FIIs using separate share classes

Read an April 2014 report prepared by the KPMG member firm in the Netherlands: FS Tax Newsletter Issue 13 | April 2014

Also included in the KPMG report are discussions of the following topics:

  • Update on CRD IV
  • Highlights of FATCA seminar (March 21, 2014)
  • Ruling on the valuation for tax purposes of a market maker’s positions in shares and options
  • Avoidance double bank levy
  • VAT exemption for the management of special investment funds can be applied to services provided to pension funds that operate defined contribution plans
  • Supreme Court: Road assistance services fall within the scope of insurance premium tax

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