On 1 January 2021 the Dutch Ministry of Finance updated the Dutch blacklist of low-taxed jurisdictions which is applicable for the year 2021. Compared with previous’ years blacklist, three jurisdictions have been added to the blacklist (i.e. Palau, Panama and Seychelles) and one jurisdiction has been removed (i.e. Oman).
Tax implications in the Netherlands
The Netherlands has a blacklist for jurisdictions without a statutory profit tax and jurisdictions with a statutory profit tax rate of less than 9%. The Dutch blacklist also includes non-cooperative jurisdictions identified by the EU. At this stage, the main effects of being on the Dutch blacklist are:
In 2021, the Dutch blacklist includes Anguilla, Bahama’s, Bahrain, Barbados, Bermuda, British Virgin Islands, Cayman Islands, Fiji, Guernsey, Guam, Isle of Man, Jersey, Palau, Panama, Samoa, Seychelles, Trinidad and Tobago, Turkmenistan, Turks and Caicos Islands, the United Arab Emirates, the US Virgin Islands, US Samoa and Vanuatu.
Inclusion of a jurisdiction on the Dutch blacklist applies for the entire calendar year 2021 with an annual revisit of the list effective the following calendar year.
Peter van Dijk, partner and lawyer at BUREN, and IJsbrand Uljee, lawyer at BUREN, contributed the ‘The Netherlands chapter’ to the International Comparative Legal Guide -Corporate Tax 2021.
On December 4, 2020 the Russian Ministry of Finance announced that several rounds of negotiations with the Dutch Ministry of Finance to amend
On 29 October 2020, the Netherlands and Poland signed a protocol amending the tax treaty between the Netherlands and Poland (Protocol).