• No transparency measures (yet) on funding to or from low-taxed states (26 April 2020) - In general, the Dutch Tax Authorities do not impose specific requirements on companies established in the Netherlands with regard to transparency on financial flows to and from low-taxed states or states appearing on the EU list of non-cooperative jurisdictions for tax purposes. This answers the Dutch State Secretary of Finance Mr Vijlbrief, to questions from… Read more
  • EU adds Cayman Islands, Palau, Panama and Seychelles to black list (20 February 2020) - The EU list of non-cooperative tax jurisdictions was updated on February 18, 2020. Four countries or territories - Cayman Islands, Palau, Panama and Seychelles - have been added to the list of non-cooperative tax jurisdictions as they failed to comply with the required standards within the deadline. These join the eight countries - American Samoa,… Read more
  • UAE to stay on Dutch tax blacklist (7 January 2020) - 14 countries remain on the Dutch black list of low-tax countries published on 30 December 2019 in the Government Gazette. The list is part of the country’s fight against tax avoidance and targets countries with a profit tax rate of less than 9%. Barbados and Turkmenistan have now been added whereas Belize, Kuwait, Qatar and… Read more
  • 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