New Tax Treaty between China and Netherlands
The People’s Republic of China and the Netherlands signed a new tax treaty on 31 March 2013, which is expected to replace the current tax treaty of 1987. Under the new treaty, a building site, or construction, assembly or installation project or
See MoreNetherlands: Guidance on application of bonus deprecation rules (2013)
The Dutch tax authorities have given a clarification and cases showing examples of the new rules on “free depreciation” (or bonus depreciation) for businesses making new investments between 1 July and 31 December
See MoreNetherlands: Increased depreciation allowed for second half of 2013
In Netherlands an amendment to the depreciation rules is effective from 1 July 2013 allowing entrepreneurs to immediately deduct from tax up to half of the amount of corporate investments in new assets. The temporary “bonus” depreciation rules
See MoreNetherlands: Additional Bill on taxation of rental income passed
The additional Bill on the taxation of rental income for 2013 was published in the Official Gazette on 12 July 2013. Rental income from housing in the regulated sector will become liable to a special levy based on the value of the house. In 2013,
See MoreUK: Double tax agreement with the Netherlands on bank taxes
The UK and the Netherlands signed a double tax convention on 12 June 2013 in respect of bank taxes. The taxes covered by the Convention are the UK bank levy under Schedule 19 FA 2011 and the tax charged under the Netherlands law on bank tax. The
See MoreNetherlands and China tax treaty is signed
A new China and Netherlands Income Tax Treaty was signed on 31 May 2013 in Beijing. Once in force, the new treaty will replace the current Income Tax Treaty of 1987. Neither treaty party can terminate this treaty before 30 June of the calendar year
See MoreNetherlands: Finance Minister clarifies aspects of international taxation
A letter to the Upper House of Parliament (Eerste Kamer) from the Dutch Finance Minister has presented clarifications of the Dutch tax system in the light of the recent OECD report on base erosion and profit shifting and the steps taken by the G8
See MoreNetherlands: New income tax allowances and tax rates for 2013 published
The 2013 income tax rates and allowances which apply at the BES Islands were published In the Official Gazette of 5 February 2013, Decree No. DB 20103-38M of 30 January 2013. For the year 2013 the tax rate for income from a substantial interest is
See MoreNetherlands Bill Softens Exit Tax Rules
It was reported on 17 December 2012 that the Dutch Second Chamber has recently approved a bill submitted by the Financial State Secretary amending existing legislation pertaining to exit tax. The bill provides companies electing to relocate abroad
See MoreOman and Netherlands DTA will in force from 1 January 2012
It has been reported that the income tax treaty between the Sultanate of Oman and the Kingdom of the Netherlands has been approved by both the Omani and Dutch parliaments. As a result, the treaty will enter into force on January 1, 2012. The treaty
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