Additional information 340 Dividend tax Withholding requirement Residents of the Netherlands Non-residents of the Netherlands US-residents Beneficial owner Annual Report 2013 a. that the proceeds have in whole or in part accumulated, directly or indirectly, to a person or legal entity that would: - as opposed to  the recipient paying the consideration, not be entitled to an exemption from dividend tax; or - in comparison to the recipient paying  the consideration, to a lesser extent be entitled to a reduction or refund of dividend tax; and b. that such person or legal entity has, directly or indirectly, retained or acquired an interest in Aegon common shares or in  profit-sharing certificates or loans, comparable to the interest it had in similar instruments prior to the series of transactions  being initiated. ii. liquidation proceeds, proceeds on redemption of Aegon common shares and, as a rule, the consideration for the repurchase of its  own common shares by Aegon in excess of the average paid-in capital recognised for Netherlands dividend tax purposes, unless a  particular statutory exemption applies; i.  proceeds in cash or in kind including direct or indirect distributions of profit; iii. the par value of new common shares issued to a holder of Aegon common shares or an increase of the par value of Aegon common  shares, except when the (increase in the) par value of Aegon common shares is funded out of its paid-in capital as recognised for  Netherlands dividend tax purposes; and iv. partial repayments of paid-in capital recognised for Netherlands dividend tax purposes, if and to the extent there are qualifying  profits (zuivere winst), unless Aegon’s general meeting of the shareholders has resolved in advance to make such repayment and  provided that the nominal value of Aegon common shares concerned has been reduced by an equal amount by way of an  amendment of the articles of association.  If a holder of Aegon common shares is a resident of the Netherlands, or deemed to be a resident of the Netherlands for Netherlands  corporate or individual income tax purposes, dividend tax which is withheld with respect to proceeds from Aegon common shares will  generally be creditable for Netherlands corporate income tax or Netherlands income tax purposes. If a holder of Aegon common shares is a resident of a country other than the Netherlands and if a treaty for the avoidance of double  taxation with respect to taxes on income is in effect between the Netherlands and that country, and such holder is a resident for the  purposes of such treaty, such holder may, depending on the terms of that particular treaty, qualify for full or partial relief at source or  for a refund in whole or in part of the Netherlands dividend tax. A refund of the Netherlands dividend tax is available to entities  resident in another EU member state, Norway, Iceland, or Liechtenstein if (i) these entities are not subject to corporate income tax there  and (ii) these entities would not be subject to Netherlands corporate income tax, if these entities would be tax resident in the  Netherlands for corporate income tax purposes and (iii) these entities are not comparable to investment institutions  (fiscale  beleggingsinstellingen)  or exempt investment institutions  (vrijgestelde beleggingsinstellingen) . Furthermore, a similar refund of  Netherlands dividend tax may be available to entities resident in other countries, under the additional condition that (i) the Aegon  common shares are considered portfolio investments and (ii) the Netherlands can exchange information with this other country in line  with the international standards for the exchange of information. Residents of the United States that qualify for, and comply with the procedures for claiming benefits under, the Convention between  the Kingdom of the Netherlands and the United States of America for the avoidance of double taxation and the prevention of fiscal  evasion with respect to taxes on income 1992 ( the US/NL Income Tax Treaty ) may, under various specified conditions, be eligible for a  reduction of Netherlands dividend withholding tax rate from 15% to 5% if the resident of the United States is a company which holds  directly at least 10% voting power in Aegon. The US/NL Income Tax Treaty provides, subject to certain conditions, for a complete  exemption from, or refund of, Netherlands dividend withholding tax for dividends received by exempt pension trusts and exempt  organizations, as defined therein. A recipient of proceeds from Aegon common shares will not be entitled to any exemption, reduction, refund or credit of Netherlands  dividend tax if such recipient is not considered to be the beneficial owner of such proceeds. The recipient will not be considered the  beneficial owner of these proceeds, if, in connection with such proceeds, the recipient has paid a consideration as part of a series of  transactions in respect of which it is likely: Aegon is required to withhold 15% Netherlands dividend tax in respect of dividends paid on its common shares. In the Netherlands  Dividend Tax Act 1965  (Wet op de dividendbelasting 1965) , dividends are defined as the proceeds from shares, which include: 