A G Account, or guarantee account, is a (largely) blocked account that can only be credited. Debits from a G Account can only be made to other G Accounts and to the Dutch Tax Office

A G Account, or guarantee account, is a (largely) blocked account that can only be credited. Debits from a G Account can only be made to other G Accounts and to IBAN NL78INGB0000444040 of the Dutch Tax Office. A G Account is to be recognized by digits 099 at the first three positions (position 9 to 11 of the IBAN) following the four character bank ID.

These special accounts are used mainly in the construction industry for work contracted to subcontractors. The Liability of Subcontractors Act on the remittance of wage taxes by subcontractors (Wet Ketenaansprakelijkheid) stipulates that the principal contractor is liable if wage taxes for employers are not paid by subcontractors. By depositing the subcontractor's wage tax obligations in a G Account, the principal contractor covers this risk, while the subcontractor can use this account to fulfill his wage tax commitments.

Payment Service Providers

Check which Payment Service Providers have conformed to the agreement of the Dutch Tax Office and the Dutch Payments Association.

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