Dutch law requires a legal company, which is the head of a group, to prepare consolidated financial statements. This consolidation requirement also applies for intermediate holding companies in a group structure. Certain reliefs in the context of consolidation scope and the preparation of consolidated financial statements exist in the Netherlands. One of these reliefs concerns ‘Article 408’, providing an exemption for intermediate holding companies to prepare consolidated financial statements.

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Ronald de Feijter

Senior Manager, Department of Professional Practice

KPMG in the Netherlands