The Dutch government is cooperating with other countries to prevent tax evasion. Therefore we are required to inform the Dutch tax authorities in which country you are tax resident. This page will provide more information on the subject.
What is Common Reporting Standard?
The Common Reporting Standard (CRS) is a system for automatic exchange of information on financial accounts between CRS participating countries. On behalf of CRS, Dutch law requires all financial institutions, such as Rabobank, to determine the foreign tax residence of their clients.
What happens with my client data?
In case you declare to be tax resident of a country other than The Netherlands, we are obliged to forward this information to the Dutch tax authorities. The legal obligation is based on the cooperation between the Dutch government and various other countries to prevent tax evasion. The Dutch tax authorities transfer this information to the relevant tax authority. If your information requires to be transferred to the tax authorities of another country, you might get a request to fill out a tax return form. An updated overview of all CRS committed countries can be found on the OECD website.
If your situation changes
If your personal situation changes, your tax residence might change as well. Please contact your Rabobank to inform them about the change so CRS relevant changes are detected as well.
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How do I determine my tax residence?
In which country you are tax resident is dependent on local legislation. In The Netherlands the Dutch tax authorities determine your tax residence based on your personal situation. For example the place in which you spend most of your time, where your partner or family lives, where your work is located and where you go to the doctor.
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