Low-tax jurisdictions
The Dutch government published a list of the low-tax jurisdictions that are relevant for taxation in the Netherlands. The list that includes these low-tax jurisdictions is also known as the Dutch blacklist or the blacklisted jurisdictions. The list will be updated annually.
Last reviewed
The full list of low-tax jurisdictions that applies in the Netherlands
The Dutch blacklist for 2026, as published in the Staatscourant on 24 December 2025, consists of the following jurisdictions (in alphabetical order). Compared with 2025, Barbados has been removed.
- American Samoa
- Anguilla
- Bahamas
- Bahrain
- Bermuda
- British Virgin Islands
- Cayman Islands
- Fiji
- Guam
- Guernsey
- Isle of Man
- Jersey
- Palau
- Panama
- Russian Federation
- Samoa
- Trinidad and Tobago
- Turkmenistan
- Turks and Caicos Islands
- US Virgin Islands
- Vanuatu
The blacklist is of relevance for the application of the Dutch participation exemption. Dutch holding companies with a subsidiary company in a low-taxed jurisdiction may – under circumstance – not be able to benefit from the Dutch participation exemption.
Jeroen explains more about the Dutch participation exemption in the video below.
Since 2021, the Netherlands levies a conditional withholding tax on interest and royalty payments. This tax works as following: Dutch companies that pay a royalty and/or interest to a related company in a blacklisted country -one of the countries in the list above- may have to withhold 25.8% of Dutch withholding tax on those royalty and interest payments. As of January 1, 2024 the Dutch Withholding Tax AcT law also applies to dividends paid to recipients in low-tax countries in addition to the existing Dividend Tax Act.
Jeroen explains more about this new tax law in the video below.
"The blacklist is of relevance for the application of the Dutch participation exemption."Contact us