UK-Netherlands: Protocol to treaty enters into force
The Protocol amending the Double Taxation Agreement (DTA) between the UK and the Netherlands, signed in London on 12 June 2013, has entered into force on 13 December 2013. The Protocol is effective in the UK for any assessment year beginning on or
See MoreNetherlands: Commodity Board Levies Removed
The Netherlands Finance Ministry has announced that compulsory levies payable by companies to the Dutch commodity and industrial boards (PBO) will be abolished from 1 January 2014. While PBOs undertook a number of functions, e.g. animal welfare and
See MoreNetherlands: New decree on arm’s length principle published
The Netherlands State Secretary for Finance issued Decree No. IFZ 2013/184M on 26 November 2013 (Official Gazette No. 32854) which relates to the application of the arm’s length principle and the OECD Transfer Pricing Guidelines. The revised
See MoreNetherlands – Withholding tax on dividends distributed to foreign shareholders
It was reported on 31 December 2013 that the Dutch Supreme Court filed with the Court of Justice of the European Union requests for preliminary rulings in three cases concerning the imposition of Dutch withholding tax on dividends distributed to
See MoreNetherlands – Reassigned authority for treaty-related LOB requests
The Netherlands has concluded a number of tax treaties containing a “Limitation of Benefits” (LOB) article that includes a “catch all” clause. The “catch all” clause allows taxpayers that initially would not qualify for the benefits of
See MoreNetherlands Eyes Key Changes To Financial Market Rules In 2014
The Dutch Finance Ministry has announced that a number of key changes to financial market laws and regulations are due to enter into force in the Netherlands from January 1, 2014. The most important legislative changes include plans to impose a
See MoreNetherlands and the US sign FATCA Intergovernmental Agreement
The Dutch State Secretary of Finance has concluded and signed an Intergovernmental Agreement (IGA) in order to improve international tax compliance and to implement the US Foreign Account Tax Compliance Act.The agreement is designed to deal with tax
See MoreNetherlands Welcomes Court Ruling on Business Succession Tax Break
The Netherlands Supreme Court has ruled in recent proceedings that the country's business succession rules, provided for in the inheritance and gift tax law, are not contrary to the principle of equality. Under Dutch business succession regulations,
See MoreNetherlands – New transfer pricing decree unifies rules
The Dutch Deputy Minister of Finance has issued a new decree that generally unifies and clarifies prior transfer pricing guidance, and withdraws and cancels prior decrees from 2001 and 2004. The new decree is effective from 27 November 2013. The
See MoreNetherlands – new transfer pricing decree
The Dutch Deputy Minister of Finance in late November 2013 issued a decree that generally unifies and clarifies prior transfer pricing guidance, and withdraws and cancels prior decrees from 2001 and 2004. The effective date for the new transfer
See MoreNetherlands – Proposed tax agreement with Curaçao
Representatives of the governments of the Netherlands and Curaçao on 12 December 2013 reached an agreement on a new regulation for the avoidance of double taxation between the two countries (referred to as the BRNC). As announced by the Dutch
See MoreNetherlands – Electronic filing required for VAT returns
It has been reported that entrepreneurs subject to value added tax (VAT) but not “established”―for VAT purposes―in the Netherlands must file their VAT returns / EC sales lists electronically (and not on paper forms) from 1 January
See MoreNetherlands Hails Tax Amnesty A Success
On 13 November 2013 it was reported that the Dutch Financial State Secretary has hailed the Government's temporary relaxed voluntary disclosure scheme as a success. The State Secretary emphasized the fact that since its introduction, almost 500
See MoreNetherlands Reveals 2013 Tax Take Figures
The Dutch Finance Ministry has announced that state revenue and expenditure levels for 2013 are in line with the prognosis contained in the 2014 Budget. Confirming that total income from taxes and contributions will amount to around EUR225.8bn this
See MoreNetherlands: Second draft Bill on other fiscal measures
A second draft Bill (No. 33753, No. 8) to amend the original Bill on other fiscal measures was published on 18 October 2013. The draft Bill provides among other measures for the implementation of the decision of the Court of Justice of the European
See MoreECJ: Advocate General opines on VAT exemption for transferable cards
A Court in the Netherlands had referred to the European Court of Justice (ECJ) the question of whether it was possible to exempt from VAT the issue and sale of transferable cards that can be used to pay for goods or services. The advocate general
See MoreAmended Budget for Netherlands 2014 presented
Amended Budget for Netherlands 2014 presented On 11 October 2013, the Netherlands government presented an overview of the amended Budget for 2014. The amended Budget includes amendments to some of the tax measures previously announced on 17
See MoreNetherlands: Bill on Various Tax Amendments approved by Lower House
On 19 September 2013, the Netherlands Lower House of parliament approved a Bill on Various Tax Amendments 2013. The Bill provides that a person who has reached the age of 60 but is not yet 64 at the commencement of the calendar year and earns income
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