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ARTICLE · 03 NOVEMBER 2026

Budget Day 2026: Limited Tax Developments For Dutch Pension Funds

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The Dutch government's Tax Plans 2027 introduce a new refund mechanism allowing pension funds and other Dutch investors to reclaim dividend withholding tax when investing in Dutch companies through foreign investment funds. This addresses a longstanding disparity in treatment compared to investments made through domestic fiscal investment institutions, while further amendments to the fund for joint account definition remain pending.

NetherlandsTax
Michiel Beudeker
Michiel Beudeker
Quinten Baars
Quinten Baars
Eline Verweij
Eline Verweij

While the Dutch Tax Plans 2027 contain limited pension fund-specific measures, they do include several noteworthy developments. Our Pension Funds team discusses the proposed dividend withholding tax refund mechanism, the latest developments regarding the FGR regime and their potential impact on pension funds.

On 15 September 2026, Budget Day, the Dutch government presented the Tax Plans 2027. The proposed measures are broadly in line with earlier announcements and contain relatively few developments relevant to Dutch pension funds. For a full overview of the proposed measures and developments, we refer to our general website post on the Dutch Tax Plans 2027: a predictable package in a minority government setting.

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