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Today, the Dutch Ministry of Finance announced that it changed its policy on Exempt Investment Institutions (Vrijgestelde Beleggingsinstellingen or VBIs) in the sense that from now it will support these entities if they claim protection under Dutch tax treaties, except if the Netherlands specifically agrees with the other treaty partner that certain treaty benefits will not be available.
Today, the Dutch Ministry of Finance announced that it changed
its policy on Exempt Investment Institutions (Vrijgestelde
Beleggingsinstellingen or VBIs) in the sense that
from now it will support these entities if they claim protection
under Dutch tax treaties, except if the Netherlands specifically
agrees with the other treaty partner that certain treaty benefits
will not be available. The Dutch tax authorities will assist Exempt
Investment Institutions in claiming tax treaty protection by
issuing residency certificates. This will make the Exempt
Investment Institution an interesting alternative to Fiscal
Investments Institutions (Fiscale Beleggingsinstellingen
or FBIs) and similar foreign tax-exempt investment
vehicles.
The Exempt Investment Institution regime is a special tax-exempt
regime for (semi-)open-end collective investment schemes investing
in certain classes of financial instruments.
A high-level tax comparison of the Exempt Investment Institution
with tax treaty eligibility, the Fiscal Investment Institution and
the Luxembourg SICAV regime is included in the annex.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
