The following categories of accounts and products established in the Netherlands and maintained by a Netherlands Financial Institution shall not be treated as Financial Accounts, and therefore shall not be U.S. Reportable Accounts or accounts held by a Nonparticipating Financial Institution, under the Agreement:
- 1.Any account owned by an entity identified in paragraph I of this Annex II;
- 2.All products offering retirement benefits under the Wage Tax Act 1964 (Wet op de loonbelasting 1964 ) or the Wage Tax Act BES (Wet loonbelasting BES );
- 3.All products that are deductible in the contribution phase and taxable in the distribution phase that are covered by Articles 3.124, 3.125 and 3.126a of the Income Tax Act 2001 (Wet inkomstenbelasting 2001 ) or paragraphs 1(a) and 1(e) of Article 16 of the Income Tax Act BES (Wet inkomstenbelasting BES );
- 4.An account or product excluded from the definition of Financial Account under an agreement between the United States and another Partner Jurisdiction to facilitate the implementation of FATCA, provided that such account or product is subject to the same requirements and oversight under the laws of such other Partner Jurisdiction as if such account or product were established in that Partner Jurisdiction and maintained by a Partner Jurisdiction Financial Institution in that Partner Jurisdiction.
- 1.A Kapitaalverzekering Eigen Woning (endowment insurance connected with the mortgage on the owner-occupied home, as described in Article 3.116 Income Tax Act 2001), a Spaarrecht Eigen Woning , a Beleggingsrecht Eigen Woning (the bank and investment equivalent of the Kapitaalverzekering Eigen Woning , as described in Article 3.116a Income Tax Act 2001) and a bouwdepot (building account);
- 2.A Stamrecht (tax-favored annuity for severance benefits, as described in paragraph 1(g) of Article 11 and Article 11a of the Wage Tax Act 1964);
- 3.A Course of life account (including a levenslooprekening, levensloopverzekering and a levenslooprecht van deelneming ) concluded and maintained prior to January 1, 2012.
- 1.An alimony annuity, as provided by Article 6.5 and Article 6.6 of the Income Tax Act 2001 (Wet inkomstenbelasting 2001 );
- 2.Any funeral insurance policy with a premium of € 1,000 per year or less.
