The government in Netherlands have published a list of low-tax countries that will be subject to new Dutch-sourced tax, that will be chargeable all overseas entities and companies classified as having little-to-no substance. The existing withholding tax rate on shares will also be removed.
The listed jurisdictions are those with corporate income tax rates of 7% or less, which are currently the following jurisdictions:
• the Bahamas.
• the Cayman Islands.
• the Isle of Man.
• Saudi Arabia.