The Netherlands Informs about first CbC Notification Deadline

The Dutch State Secretary for Finance informed that it approved the deadline for taxpayers to file the first notification, which has to be done no later than September 1, 2017.


On January 1, 2016, the Dutch State Secretary for Finance implemented the proposals made by the OECD regarding Country-by-Country Reporting. The new rules require taxpayers to submit a CbC Report to the Dutch tax authorities and to keep a Master File and a Local File in their administration. Non-compliance with the CbC Report filing requirement could result in an administrative fine and possible criminal sanctions. The new law implies to MNEs with an ultimate parent that is tax resident in the Netherlands and that have an annual consolidated group revenue of at least EUR 750 million.

Notify before September 1, 2017

Dutch State Secretary for Finance informed that "any constituent entity of a multinational group that is resident for tax purposes in The Netherlands shall notify the Dutch Tax Administration for the first time whether it is the Ultimate Parent Entity or the Surrogate Parent Entity, no later than September 1, 2017.

The approval does not apply if the Reporting Fiscal Year of such multinational group ends on or after August 31, 2017.

Sources: Dutch State Secretary for Finance (Dutch), International Tax Plaza

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