The State Secretary for Finance has submitted an amended bill to the lower house of the parliament regarding country-by-country reporting on 21 March 2017. The bill implementing Council Directive (EU) 2016/881 of 25 May 2016 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation (EU country-by-country reporting ) into national legislation. The purposes of amendments that the failure to provide the required notification as a result of an intentional act or negligence of a non-reporting Dutch resident company establishes an offence penalty (vergrijpboete) and if so it will be punishable by a fine up to EUR 20,500.
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