The Dutch Ministry of Finance to Introduce New Measures against Tax Evasion

The Dutch Ministry of Finance has announced initial proposals to tackle tax evasion. The proposals, which were introduced in a letter to parliament on 17 January 2017, include:

• Abolishing the voluntary disclose scheme so that penalty relief will no longer be available for disclosures made within 2 years of the initial inaccurate/incomplete declaration;
• Eliminating the use of bearer shares of non-listed companies by requiring the storage of share ownership information in electronic form, with…