The following Entities are treated as Non-Reporting Netherlands Financial Institutions and as exempt beneficial owners for purposes of sections 1471 and 1472 of the U.S. Internal Revenue Code:
- 1.The Government of the Netherlands, any political subdivision or local authority thereof, or any wholly owned agency or instrumentality of the foregoing.
- 2.Entities within the scope of paragraph 1 shall in any case be:
- a)Agentschap van de Generale Thesaurie (Netherlands State Treasury Agency);
- b)Nederlandse Waterschapsbank N.V. (Netherlands Waterboard Bank);
- c)N.V. Bank Nederlandse Gemeenten (Netherlands Municipalities Bank);
- d)Nederlandse Investeringsbank voor Ontwikkelingslanden N.V. (Netherlands Investmentbank for Developing Countries);
- e)Gemeentelijke Kredietbanken (Municipal Social Banks).
The Central Bank (De Nederlandsche Bank N.V. ) and any of its wholly owned subsidiaries.
International Organizations and any wholly owned agency or instrumentality thereof as referred to in Article 39 of the General Tax Act (Algemene wet inzake rijksbelastingen ).
- 1.Any entity that qualifies for benefits under Article 35 (Exempt Pension Trusts) of the Double Tax Convention;
- 2.A pension fund regulated under the Pension Act (Pensioenwet );
- 3.An industry-wide pension fund as meant in the Pension Act and the Act on Mandatory Participation in an Industry-Wide Pension Fund (Wet verplichte deelneming in een bedrijfstakpensioenfonds 2000 );
- 4.An occupational pension fund as meant in the Mandatory Pensions for Professional Groups Act (Wet verplichte beroepspensioensregeling ). A notarial pension fund as meant in the Act on the Notary Office (Wet op het notarisambt );
- 5.A premium pension institution as meant in the Act on Financial Supervision (Wet op het financieel toezicht );
- 6.An entity as meant in paragraph 2 of Article 19a of the Wage Tax Act 1964 (Wet op de loonbelasting 1964 ) administering a pension arrangement in relation to an individual who is both an employee and substantial shareholder as referred to in Article 1 of the Pension Act(Pensioenwet );
- 7.A company pension fund or an industry-wide pension fund as meant in the Pension Act BES (Pensioenwet BES ).
Investment Entity Wholly Owned by Exempt Beneficial Owners
An Entity that is a Netherlands Financial Institution solely because it is an Investment Entity, provided that each direct holder of an Equity Interest in the Entity is an exempt beneficial owner, and each direct holder of a debt interest in such Entity is either a Depository Institution (with respect to a loan made to such Entity) or an exempt beneficial owner.
