On 16 May 2017, the Dutch Secretary of Finance released a draft legislative proposal regarding changes to the Dutch dividend withholding tax rules for holding cooperatives and BVs/NVs (the "proposal"). The proposal – subject to public consultation until June 13, 2017 – is largely in line with the dividend withholding tax changes already announced in the letters of the Dutch Secretary of Finance to Dutch Parliament in September 2016 and December 2016. The proposal contains some new aspects in addition to the letter announced earlier. The final version of the proposal is expected to be submitted to Dutch Parliament in September 2017 and could then enter into effect as per 1 January 2018.

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