General tax information – types of securities, deadlines, other market specifics

Types of securities

The eligible securities issued in the Netherlands are as follows:

Debt securities:

Domestic bonds (including government bonds);
Short-term notes:
T-bills;
Domestic and foreign commercial paper (including Dutch Treasury Certificates);
Domestic and foreign certificates of deposit (including Nederlandsche Bank Certificates);
Medium-term notes;
Foreign bonds;
Stripped government bonds.

No withholding tax is deducted from interest on Dutch debt securities held in Clearstream

Equities:

Ordinary shares

The default Dutch withholding tax rate applies to dividends paid from Dutch equities.

Types of beneficial owner

The following types of beneficial owner are recognised for tax purposes in the Netherlands:

Residents of Double Taxation Treaty (DTT) countries;
EU tax-exempt legal entities (such as pension funds, charities)

Market specifics

Due to shorter deadlines imposed by law, the availability of RAS and QR in Netherlands depend on each issuer and on the paying agents. Clients claiming DTT will receive the service on a “best efforts” basis upon confirmation, at event level, depending on the paying agent.
RAS and QR payments will be processed once the funds have been received from the paying agent.

Clients can reclaim withholding tax on behalf of the beneficial owner through Clearstream by submitting the appropriate documentation.

Residents of the Netherlands cannot reclaim withholding tax through Clearstream.

Standard refund

The Dutch Tax Authorities (DTA) have closed the existing Tax Web Portal on 1 July 2024 with the need to switch to a new one to file the standard reclaims.

Clearstream has been trying to access this new web portal but is currently facing access restrictions. For this reason, Clearstream had to suspend its standard refund offering until further notice.