The Netherlands government has announced completion of a memorandum of understanding (MOU) to provide relief and clarify the intergovernmental agreement (IGA) for automatic exchange of data between the Netherlands Belastingdienst and the US IRS. The IGA between the Netherlands and the United States was signed 18 December 2013.
In addition to certain standard advantages that follow from signing the model IGA, Annex II provides some specific entity and product exemptions. Moreover, a Memorandum of Understanding (MOU) has been published that, in certain situations provides some additional relief and clarifications in terms of the applicable FATCA requirements.
