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On 16 September 2014 the Dutch Government presented the Tax Budget for 2015.Dutch Parliament approved the Tax Budget 2015 on 13 November 2014 and the Dutch Senate on 16 December 2014.The 2015 Tax Budget contains various measures to reduce the tax burden on labor and sets out the tax details of various measures already announced.The impact for corporate entities is relatively small, but in particular several wage tax changes have a direct and potentially very significant impact on employers.

Per 1 January 2011 the Work-Related Expense Scheme, or in Dutch the “Werkkostenregeling” or “WKR” was introduced as part of the Dutch wage tax legislation.

As from 1 January 2015, the rules on telecommunications, broadcasting and electronically supplied services (digital services) will change. Per that date the abovementioned services will as a general rule be subject to VAT in the country of residence or establishment of the customer. It does not matter if the customer is a private individual or entrepreneur or whether the customer resides in or outside the EU!

The Netherlands and Ethiopia signed a tax treaty in 2012. The Netherlands ratified this treaty on 14 June 2014. 

As from 1 January 2014, qualifying Group Financing and Licensing Companies established in the Netherlands must comply to certain specific substance requirements in order to avoid the automatic exchange of information with other states. 

Now online the Dutch tax rates 2014 for individuals and corporations. 

On 18 September 2012 a law proposal has been submitted to the House of Representatives (i.e. in Dutch: “Tweede Kamer”). In this law proposal, a proposal is included to abolish the Dutch thin capitalization rules (the maximum 3:1 debt/equity ratio) as of 1 January 2013.

As of 1 October 2012, the general VAT rate will be increased from 19% to 21%. This VAT increase will be applicable to all VAT-taxable transactions performed on or after 1 October 2012.

On 12 June 2012 the Dutch Senate approved the proposed legislation for the Simplification and Relaxation Company Law (in Dutch: “Wet vereenvoudiging en flexibilisering bv-recht”) and the Implementation Law Simplification and Relaxation Company Law (in Dutch: “Invoeringswet vereenvoudiging en flexibilisering bv-recht”).

Recently, the State Secretary of Finance published a detailed decree dated 28 February 2012 about the most-favoured nation clause concerning business profits and dividends, interest and royalties in the tax treaty between the Netherlands and India. In this news item we will outline the most important changes.