• Service: Tax, International Executive Services, International Tax
  • Type: Regulatory update
  • Date: 9/6/2013

Netherlands - Expanded voluntary disclosure relief available until July 2014 

September 6: Taxpayers in the Netherlands who filed an incorrect or incomplete tax return can resolve their tax underpayment issues without being subject to a penalty.

The Netherland’s “voluntary disclosure scheme” temporarily provides expanded penalty relief until 1 July 2014.

Voluntary disclosure

The Dutch voluntary disclosure scheme provides taxpayers an opportunity to disclose previously unreported income (e.g., foreign bank accounts) to the Dutch tax authorities without being subject to a tax penalty, provided that before 1 July 2014, the taxpayers:

  • Make a full disclosure of the unreported income before they “reasonably suspect” that they are being investigated by Dutch authorities
  • Pay the tax owed plus interest

After 1 July 2014, the voluntary disclosure program rules revert to the pre-September 2013 status—i.e., taxpayers who filed incorrect or incomplete returns have two years to voluntarily correct this error without a penalty being imposed.

After expiration of the two-year period, a voluntary disclosure is no longer possible without the imposition of a penalty.

Read a September 2013 report prepared by the KPMG member firm in the Netherlands: Temporary relaxation of voluntary disclosure scheme

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