Clifford Chance
Abolition of Dutch tax deductibility of AT1 and RT1 coupons: what does this mean for issuers and noteholders?
6 July 2018
On Friday 29 June 2018, the Dutch government published a letter to Parliament stating that it intends to abolish the specific corporate income tax provision for Additional Tier 1 (AT1)/Restricted Tier 1 (RT1) instruments issued by banks and insurers. In this Q&A we discuss this announcement and the impact this may have on issuers and noteholders of AT1/RT1 instruments.
