News

Fraus legis prevents interest deduction in acquisition structure

On July 16, 2021 the Supreme Court rendered judgment on the deduction of interest on a loan to finance an acquisition by an investment fund. The Supreme Court ruled that the Amsterdam Court of Appeals had correctly held that the interest was non-deductible.

Tax Update Shipping & Offshore - July 2021

This is the second edition of our Tax Update for the Shipping & Offshore sector for 2021. We are keen to keep you updated on national and international developments, diverse case law, bills and practical experience that are topical and relevant for the sector, so that you know what is going on.

NL-Africa Tax Desk newsletter – June 2021

The aim of this newsletter is to give you an easy-to-read overview of the latest tax updates in Africa. This month’s newsletter includes an update on the pending Petroleum Industry Bill 2020 in light of Nigeria’s present administration demonstrating strong commitment to passing this bill. 

Recast of the EU Dual-Use regulation: an update on the legislative export control framework within the EU

The new regulation is aimed at strengthening controls on a broader spectrum of evolving dual-use items (i.e. items which can be used for both civilian and military purposes) and the coordination between EU Member States to support the efficient enforcement of controls across the EU.

Without own staff, no fixed establishment for VAT purposes in the case of let property

On June 3, 2021 the Court of Justice of the European Union (‘CJEU’) rendered judgment in the Titanium Ltd case (case no. C-931/19). The CJEU ruled that a foreign taxable person that does not have its own staff in situ in a Member State cannot have a fixed establishment for VAT purposes in that Member State either.

CJEU’s K and DBKAG judgment: right to use software can qualify as VAT-exempt asset management

The fact that the right to use software can itself fall within the VAT exemption is a welcome clarification for Dutch practice in light of the increasingly automated asset management market.

From Russia with love - part 3

Today, the Dutch Government informed Parliament that the Russian government officially gave a notice of termination of the double tax treaty to the Dutch government. Consequently, as of 1 January 2022, there will no longer be a double tax treaty between the Netherlands and Russia.

Getting tax data right with compliance by design

Many tax teams spend the bulk of their time dealing with tax data — finding it, correcting it, reconciling it and formatting it for tax reporting and other compliance needs. But processes like these are under rising pressure as tax authorities demand more tax data, in greater detail, and ever closer to real time.

Now, advancing technologies offer tax teams opportunities take a powerful new approach to their tax data. With compliance by design, organizations can ensure their systems and data management solutions deliver tax data that’s right the first time.

Changes to corporate income tax loss set-off as of January 1, 2022, BIK withdrawn

On Friday, May 28, 2021 the caretaker government announced that the changes to the corporate income tax loss set-off can take effect as of January 1, 2022. It was also announced that the Job related Investment Allowance (Baangerelateerde Investeringskorting; BIK) will be withdrawn.

NL-Africa Tax Desk newsletter – May 2021

The aim of this newsletter is to give you an easy-to-read overview of the latest tax updates in Africa. This month’s newsletter includes the latest on transfer pricing in Africa. Transfer pricing in developing countries remains a key focus area of the UN Tax Committee and the African Tax Administration Forum has recently shed its light on the BEPS Pillar One proposals, too.