• R&D Withholding Tax Deduction: amendments for 2020 (20 November 2019) - R&D withholding tax deduction: adjustments made to 2020 The Budget Package Other Tax Measures 2020 provides for a few adjustments to the Wage Tax Reduction and National Insurance Premium Act (WVA). The following changes are proposed for 2020: 1. Expansion of the number of moments at which an R&D statement can be filed from three… Read more
  • The Netherlands crowned Europe’s most competitive economy in 2019 by the World Economic Forum (18 November 2019) - The Netherlands scored 4th place on the most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum (WEF). Up two places from last year, the Netherlands has overtaken Germany as Europe’s most competitive economy, scoring 82.4. It scores highly… Read more
  • Belize removed from EU list of non-cooperative tax jurisdictions (12 November 2019) - North Macedonia meets commitments The Council agreed on 8 November 2019 to remove Belize from the EU's list of non-cooperative tax jurisdictions. Belize has passed the necessary reforms to improve its tax regime for international business companies that was due to be implemented by end 2018. Belize will therefore be moved from annex I of… Read more
  • Dutch blacklist of low-tax jurisdictions proposed for 2020 / Internetconsultation (23 October 2019) - Further to the Dutch measures implemented against tax avoidance, the Dutch State Secretary of Finance annually determines by ministerial regulation which states are designated as low-tax and / or non-cooperative (hereinafter: the Regulation) jurisdictions. Low-tax states are states without profit tax or with a statutory tax rate of less than 9%. Non-cooperative states are states… Read more
  • 2 countries removed from EU list of non-cooperative jurisdictions, 5 meet commitments (11 October 2019) - Taxation: 2 countries removed from list of non-cooperative jurisdictions, 5 meet commitments On 10 October 2019, the Council agreed to remove the United Arab Emirates (UAE) and the Marshall Islands from the EU's list of non-cooperative jurisdictions for tax purposes. It also found Albania, Costa Rica, Mauritius, Serbia, and Switzerland to be compliant with all… Read more
  • First anonymised tax rulings on innovation box published (11 September 2019) - First advance tax rulings for innovation box published The Dutch tax authorities published the first three summaries of tax rulings for application of the innovation box by taxpayers engaged in international business activities on July 17, 2019. These summaries are under the revised Dutch tax ruling practice for tax rulings with an international character ("international… Read more
  • Research and Development tax credit (10 September 2019) - The WBSO offers employers (i.e. wage tax withholding agents) a deduction from the total amount of payroll withholding tax they are required to pay. The so-called R&D remittance reduction consists of a discount (i.e. a tax credit) on payroll tax and the employer’s social insurance contributions due by a withholding agent. Self-employed persons are granted… Read more
  • Aruba, Barbados and Bermuda removed from the EU list of non-cooperative jurisdictions (17 May 2019) - In May 2019, the Council removed three countries from the EU list of non-cooperative tax jurisdictions (see previous post). As a result, 12 jurisdictions remain on the list of non-cooperative jurisdictions, as follows: American Samoa Belize Dominica Fiji Guam Marshall Islands Oman Samoa Trinidad and Tobago United Arab Emirates, US Virgin Islands and Vanuatu. source: https://www.consilium.europa.eu// Read more
  • EU Council adds 10 jurisdictions to its list of non-cooperative jurisdictions (18 March 2019) - In addition to the 5 jurisdictions that were already listed, the revised EU list of non-cooperative jurisdictions now also includes the following 10 jurisdictions: Aruba, Barbados, Belize, Bermuda, Dominica, Fiji, Marshall Islands, Oman, United Arab Emirates, Vanuatu.  The list already included Samoa, Trinidad and Tobago, and the US territories of American Samoa, Guam, and the… Read more
  • Stricter requirements for Dutch tax ruling practice (23 November 2018) - By means of a tax ruling, the Dutch Tax Authorities provide advance certainty to taxpayers about the tax consequences of their planned actions. The Dutch tax ruling practice has become a topic of much debate recently however. In February of this year, the goverment announced his intention to review the current ruling practice with an… Read more