Budget day 2017 - Changes dividend withholding tax and other profit - related amendments
27 September 2017
As was already announced - the dividend withholding tax legislation will be amended on a number of points, being an extension of dividend withholding tax to basically also apply to cooperatives. The dividend withholding tax exemption is to be expanded to include tax treaties with non-EU/EEA countries. The proposal also contains specific rules on interest held in Dutch BV's/NVs or holding cooperatives through hybrid entities. Finally, an anti-abuse provision will be added.
Budget Day 2017 - Outline of VAT measures
19 September 2017
On Budget Day (Prinsjesdag), 19 September 2017 a package of tax measures have been presented as part of the budget for the coming year. Below we outline the measures relating to VAT.
Social security treaty between the Netherlands and China will enter into force on 1 September 2017
28 August 2017
International labor and cross border assignments
Chinese companies with expats in the Netherlands (and vice versa) will have a decrease in costs because the Social Security Treaty between the Netherlands and China ('the Treaty') enters into force, no double social security premiums have to be paid for these expats. Chinese companies only have to pay social security premiums for basic old age and unemployment for expats in the Netherlands. Conversely, only Dutch social security premiums for old-age, pension (AOW), survivors (ANW) and unemployment (WW) are due for expats in China.
Internet consultation implementation European Anti-Tax Avoidance Directive ("ATAD 1")
26 July 2017
On 10 July 2017 the State Secretary of Finance provided a letter to Dutch parliament in which he indicated that an internet consultation has been opened for a draft bill. The draft bill has been prepared in order to implement ATAD 1, which Directive was approved by the EU member states in June 2016, an EU directive that provides for a minimum harmonisation against tax avoidance.
Concept legislative proposal regarding the registration of the final stakeholders
22 May 2017
On 31 March of this year, the legislative proposal for the implementation of the obligation for maintaining a central register with information about the final stakeholders (also called the ultimate beneficial owner, hereinafter 'UBO') of companies founded in the Netherlands, and other legal persons, was published. The obligation of such a central register derives from the European directive 2015/849 on the prevention of the use of the financial system for money laundering or terrorist financing (PbEU 2-15, L 141, hereinafter 'directive').
21 February 2017
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Deadline for filing the 2016 financial statements in the Netherlands
09 February 2017
The ultimate deadline for the filing of the financial statements with the Chamber of Commerce has been changed and is now 1 January (before 31 January). This applies as from the bookyear 2016.
BEPS action 13 Country-by-Country reporting and additional transfer pricing documentation
23 January 2017
In 2013 the OECD and G20 governments started the BEPS project (Base Erosion and Profit Shifting) with an ambitious goal. The goal was to revise the tax rules to align them to developments in world economy and ensure that profits are taxed where economic activities are. As a result, the OECD/G20 BEPS project set out 15 actions in the 2015 BEPS Report to achieve this goal.
Salary criteria 2017 - Highly skilled migrants
11 January 2017
The Ministry of Social Affairs and Employments had adjusted salary criteria for highly skilled migrants by ministerial regulation. This adjustment will have effect as of 1 January 2017.
Payroll & Expats: Year end tips and attention points
15 December 2016
With the end of the year rapidly approaching, now is a good time to verify whether any actions have to be taken immediately or can be postponed which can result in a benefit for you as an employer.