VAT: Recovery right on the basis of cross-bor...
On January 24, 2019, the Court of Justice of the European Union rendered its judgment in the Morgan Stanley & Co International plc case (case no. C-165/17).…
Insurance premium tax: CJEU decision on locat...
The case concerned insurance policies for M&A transactions and the CJEU judgment provides a welcome clarification.…
VAT exemption on individual investment manage...
On November 8, 2018, the groundbreaking judgment that the Court of Appeal in Amsterdam had rendered on the VAT exemption for the management of special investment funds (SIFs), was…
Partial VAT recovery for costs related to hir...
On October 18, 2018, the Court of Justice of the European Union delivered its judgment in the Volkswagen Financial Services (UK) Limited case (C-153/17).…
VAT: Cross border pro rata applies to costs i...
On October 3, 2018, the Opinion issued by the Advocate General to the Court of Justice of the European Union in the Morgan Stanley & Co International plc case (case no. C-165/17) was…
FS Tax Newsletter Issue 35 | October 2018
Welcome back! The summer holiday season has come to an end. We hope you had a wonderful summer and are ready to get back into the swing of things. In this Budget Day 2018 Special we have…
OECD discussion draft on the transfer pricing...
The discussion draft identifies the areas of disagreement between countries and solicits stakeholder input on these topics.…
Assessment of early retirement scheme on the...
As a result of the judgment of the Supreme Court, reorganizations that result in the laying off of staff and which include a replacement or voluntary severance scheme are unlikely to be…
No longer advance certainty for a standard se...
Requests for certainty have to be submitted from now on to the local tax inspector, who will monitor whether the request is for a standard transaction or whether there are indeed uncertain…
FS Tax Newsletter Issue 34 | June 2018
This issue of our FS Tax Newsletter contains event summaries of two of our recent seminars, as well as recent developments within the Financial Services sector, such as the mutual agreement…
VAT applies to loan under hire purchase agree...
The AG at the CJEU concluded that a hire purchase transaction is a single supply of a service or a good and the whole supply should be treated as taxable.…
International Tax Newsletter - March 2018
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
Insurance premium tax: Request for a prelimin...
The case concerns insurance policies for M&A transactions and could affect many types of cross-border insurance policies.…
FS Tax Newsletter Issue 33 | April 2018
This issue of our FS Tax Newsletter contains recent developments within the Financial Services sector, such as the Opinion of the Advocate General in the DPAS Limited case…
International Tax Newsletter - February 2018
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
VAT exemption not applicable on instruction t...
If the CJEU follows the AG’s Opinion, then the consequences for the Dutch practice would appear to be that there would be an even more limited scope of the VAT exemption for payments.…
FS Tax Newsletter Issue 32 | February 2018
The first 2018 issue of our FS Tax Newsletter contains a regular update of recent developments within the Financial Services sector.…
International Tax Newsletter - January 2018
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
International Tax Newsletter - November 2017
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
FS Tax Newsletter Issue 31 | December 2017
This issue of our newsletter contains our regular update of recent developments within the Financial Services sector. This month we have included an update on the coalition plans to abolish…
International Tax Newsletter - October 2017
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
International Tax Newsletter - September 2017
A monthly overview of international tax developments being reported globally.…
Tax aspects of the coalition agreement Octobe...
The tax measures the new Cabinet intends to introduce include reducing the corporate income tax rates, partially abolishing dividend withholding tax, a two bracket regime in Box 1, an…
FS Tax Newsletter Issue 30 | October 2017
This newsletter contains an update with respect to the Funds for Mutual Accounts and the UK Criminal Finances Act. This newsletter also includes a summary of the CJEU court ruling about the…
VAT exemption for cost-sharing groups does no...
The CJEU’s ruling that the VAT exemption for cost-sharing groups does not apply to the financial and insurance sector is very important.…
International Tax Newsletter - August 2017
A monthly overview of international tax developments being reported globally.…
International Tax Newsletter - July 2017
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
International Tax Newsletter - June 2017
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
International Tax Newsletter - May 2017
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
FS Tax Newsletter Issue 29 | June 2017
Dear FS professional, This newsletter contains information about an important insight from the Dutch Supreme Court on interest deduction, three VAT-related topics and the new insurance…
Proposal to extend VAT adjustment rules to ‘e...
The administrative burden will increase because investments have to be followed for longer.…
International Tax Newsletter - April 2017
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC…
VAT exemption for cost-sharing groups: CJEU j...
The CJEU ruled that the VAT exemption for cost-sharing groups does apply if the members of a cost-sharing group also perform services subject to VAT, provided the services of the…
International Tax Newsletter - March 2017
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
Advocate General at CJEU issues Opinion on VA...
Contrary to other recent Opinions, the AG considered that the VAT exemption for cost-sharing groups does apply to the financial and insurance markets.…
FS Tax Newsletter Issue 28| April 2017
Dear FS professional, In the FS Tax Newsletter, we provide you with an update on developments in the Financial Services sector. In this edition you will find, among others, a summary of…
International Tax Newsletter - February 2017
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
Supreme Court refers preliminary questions to...
We welcome the fact that the Supreme Court has decided to request a preliminary ruling.…
Advocate General at CJEU issues Opinions on a...
The AG concluded that the VAT exemption for cost-sharing groups cannot be applied in the financial and insurance markets and neither in cross border situations.…
Main points of consideration regarding new Du...
On February 14, 2017 the new Dutch decree on insurance premium tax was published. This replaces the Dutch decree of February 21, 2014 and contains several changes.…
International Tax Newsletter - January 2017
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
FS Tax Newsletter Issue 27 | Februari 2017
Dear FS professional, We hope that the New Year got off to a good start for everyone. In the FS field, right at the end of last year, the Supreme Court ruled that pension funds with…
International Tax Newsletter - December 2016
Americas Europe & Africa Asia Pacific & MENASA …
Management of pension funds with a defined be...
The Supreme Court has ruled that pension funds with a defined benefit (DB) plan, as in the case in question, cannot be regarded as a special investment fund within the meaning of the…
International Tax Newsletter - November 2016
Americas Europe & Africa Asia Pacific & MENASA …
Supreme Court limits VAT exemption for the ma...
The Supreme Court ruled that the VAT exemption can only apply if (the manager of) an investment institution was actually granted a license as referred to in the (then applicable) Investment…
FS Tax Newsletter Issue 26 | December 2016
Dear FS professional, This issue of our newsletter contains our regular update of recent developments within the Financial Services sector. This month we have included an update on the…
Multilateral Convention to Implement Tax Trea...
More than 100 jurisdictions have concluded negotiations on a Multilateral Convention (or ‘multilateral instrument’) that is intended to implement certain tax treaty related aspects of…
International Tax Newsletter - October 2016
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
International Tax Newsletter - September 2016
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
FS Tax Newsletter Issue 25 | October 2016
In the FS Tax Newsletter, we provide you with an update on developments in the Financial Services sector. In this edition we have summarized among others two new agreements between the…
International Tax Newsletter - August 2016
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
International Tax Newsletter - july 2016
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
Tax measures for 2017
The main features of the 2017 Tax Plan are addressed in our memorandum.…
Advocate General issues Opinion on VAT exempt...
Depending upon the supervision to which (the managers of ) these funds may be subject, the VAT exemption for the management of these funds may be canceled.…
International Tax Newsletter - june 2016
The e-newsletter is designed to be a one-stop shop for important news. The June 2016 edition is out.…
Dutch Lower Court requests Supreme Court to r...
Dutch Lower Court refers preliminary questions to Dutch Supreme Court regarding dividend withholding tax reclaim of foreign investment fund and asks it to reconsider its negative decision…
Opinion of Advocate General: Pension fund is...
The Advocate General however concluded that further examination of the facts must show whether and, if so, which VAT-taxable service is provided in exchange for the recharged costs.…
International Tax Newsletter - May 2016
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
Brexit: the tax consequences of the UK refere...
We give an overview of the tax consequences and shortly address the impact for the Netherlands as regards direct taxes.…
Processing of debit and credit card payments...
The key question posed to the CJEU is whether the services performed by Bookit and NEC qualify as “transactions concerning payments and transfers”, which are VAT-exempt.…
Investment in the Netherlands 2016
‘Investment in the Netherlands’ combines an accessible description of the regulatory, tax and legal environment with an objective overview of the unique selling points of the…
Two favorable VAT developments for services p...
The Supreme Court has ruled that a VAT taxable business can deduct the VAT charged on the costs incurred for the management and the business activities of its own company pension fund.…
CJEU judgment may have a major impact on the...
On December 9, 2015, the Court of Justice of the European Union (“CJEU”) ruled in the Dutch Fiscale Eenheid X case (C-595/13) that the VAT exemption for the management of special…
10 EU Member States agree on some principles...
Estonia has indicated that it no longer supports the proposal.…
FS Tax Newsletter Issue 23 | December 2015
Dear FS professional, In the final FS Tax Newsletter for 2015 we would like to update you on recent developments within the Financial Services sector. We would also like to inform you…
Draft Implementation Decree on the Identifica...
The CRS, developed by the OECD and largely based on FATCA, is a standard that governs the exchange of financial account information and will be implemented by the ‘CRS states’.…
Provision of market data and supply of techni...
According to a recent judgment rendered by the Amsterdam Court of Appeals (case no. 15/00074), the provision of market data against consideration and the supply of technical services should…
International Tax Newsletter - September 2015
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
New decree on the international aspects of pe...
This decree updates the decree from 2008 and addresses the accrual of pension rights by incoming employees and the settlement of pensions of outgoing employees.…
Ratification completed: new tax treaty with G...
As expected, the tax treaty with Germany has been ratified, which means that it will apply as of January 1, 2016.…
Pension fund is entitled to deduct the VAT on...
On July 27, 2015 the Court of Appeals Arnhem-Leeuwarden (the “Court”) rendered judgment on the deduction of VAT charged on costs that a company pension fund recharged to the…
BEPS Action Plan Action 4: Interest deduction...
De minimis monetary threshold to remove low risk entities Optional Based on net interest expense of local group (both group interest and third party interest) Fixed ratio…
OECD releases final BEPS Package
The release of the final recommendations does not mean that the book on BEPS can now be closed.…
International Tax Newsletter - August 2015
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
Lower House approves new tax arrangement betw...
On September 10, 2015 the Lower House approved the new bilateral rules for the avoidance of double taxation between the Netherlands – including its Caribbean territories (i.e. Bonaire,…
FS Tax Newsletter Issue 21 | August 2015
Dear FS professional, While some of you are (hopefully) able to enjoy some time off, we would like to provide you with some food for thought on the developments that have taken place…
International Tax Newsletter - June 2015
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe, ASPAC and…
CJEU: warranty may be VAT-exempt insurance
In this case, the CJEU broadly interprets the VAT exemption for insurance.…
Supreme Court decision July 10, 2015 on Luxem...
The Dutch Supreme Court did not rule in favor of the Luxembourg investment fund and denied the request for a refund of the Dutch dividend withholding tax.…
International Tax Newsletter - May 2015
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
OECD - Discussion draft, BEPS Action 8 (hard-...
The discussion draft explains the difficulties faced by tax authorities in verifying the arm’s length basis on which pricing is determined by taxpayers for transactions involving a…
FS Tax Newsletter Issue 20 | June 2015
Dear FS professional, Before the holiday season begins, we would like to update you on the hot topics in the FS sector. This newsletter provides updates on three VAT-related topics:…
Advocate General at CJEU: VAT-exempt manageme...
Advocate General Kokott advises the CJEU to qualify a real estate investment fund as a ‘special investment fund’, as long as this fund is under special regulatory supervision.…
Revised discussion draft on BEPS Action 6 (Pr...
The revised discussion draft deals with issues relating to the Limitation on Benefits provision, the Principal Purpose Test and several other issues.…
New tax treaty between the Netherlands and Ge...
With the approval by the Upper House of the Dutch Parliament on May 19, 2015, the ratification process of the new tax treaty between the Netherlands and Germany has now virtually been…
International Tax Newsletter - April 2015
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
Clarity on Commodities Trading: Transforming...
Commodity trading companies today operate in a highly competitive and dynamic environment where change is one of the few constant factors. Complexity of doing business is being increased by…
OECD releases Discussion Draft on Cost Contri...
On 29 April 2015 the OECD published a public Discussion Draft on possible revisions to chapter VIII of the OECD Transfer Pricing Guidelines on cost contribution arrangements (CCA’s).…
International Tax Newsletter - march 2015
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
OECD releases discussion draft on strengtheni...
On April 3, 2015, the OECD released a discussion draft which deals with BEPS Action 3: strengthening CFC rules.…
FS Tax Newsletter Issue 19 | April 2015
Dear FS professional, In this spring edition of our FS Tax Newsletter you will find an update of several VAT related court cases, such as the hearing on the VAT group X case…
International Tax Newsletter - February 2015
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
Opinion issued in the PPG Holding BV case
The Advocate General at the Supreme Court, Ms. M.E. van Hilten, recently issued her Opinion in the PPG Holding BV (“PPG”) case in which she concluded that PPG could deduct the VAT on…
Ministry of Finance’s position on impact of S...
According to the Ministry of Finance, the Skandia judgment does not apply in the Netherlands.…
International Tax Newsletter - January 2015
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
Advocate General at the Court of Justice of t...
The case is important for the scope of the insurance exemption for VAT purposes.…
Supreme Court maintains 8.3% dividend withhol...
The Supreme Court ruled that the 8.3% dividend withholding tax pursuant to the Tax Regulations for the Kingdom of the Netherlands (Belastingregeling voor het Koninkrijk, “BRK”) is not…
FS Tax Newsletter Issue 18 | February 2015
Dear FS professional, The year 2015 started with many developments which (may) affect the financial services industry. This edition of the FS Tax Newsletter therefore provides an…
Captive insurance companies: not insured for...
Lower courts have recently ruled in favor of the Dutch Tax Authorities in combating captives. As a result of this, we have noticed that, in its audits, the Dutch Tax Authorities is…
The Financial Transaction Tax (FTT) – update...
Ministers of 10 EU Member States issued a joint statement to give a fresh impetus to a financial transaction tax (FTT).…
Dutch Tax Authorities focuses on entitlement...
The Dutch Tax Authorities have recently been pro-actively approaching holding and financing companies to question their entitlement to deduct VAT.…
Court of Appeals The Hague: “Asset management...
On December 5, 2014 the Court of Appeals of The Hague ruled that the asset management services provided to a Dutch pension fund were not VAT exempt. This judgment is not only important for…
International Tax Newsletter - December 2014
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
OECD releases discussion draft on interest de...
On December 18, 2014, the OECD released a discussion draft which deals with BEPS Action 4: interest deductions and other financial payments.…
New tax regulation between the Netherlands an...
The Dutch Ministry of Finance recently announced that the new regulation for the avoidance of double taxation between the Netherlands and Curaçao is expected to take effect as of January…
European Council of Ministers approves genera...
On December 9, 2014 the EU Council of Economics and Finance Ministers (ECOFIN) reached political agreement on, among other things, the inclusion of a general anti-abuse rule in the…
International Tax Newsletter - October 2014
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
International Tax Newsletter - September 2014
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
FS Tax Newsletter Issue 16 | October 2014
Dear FS professional, The FS Tax Newsletter of KPMG Meijburg & Co was introduced in April 2012 and is published every two months. The FS Tax Newsletter addresses recent…
Letter from the Deputy Minister of Finance on...
According to this judgment, pension funds that operate a defined contribution plan (DC plan) can qualify, under certain conditions, as a common investment fund within the meaning of the VAT…
Investment in the Netherlands 2014
Each year KPMG publishes an updated edition of ‘Investment in the Netherlands’, which outlines the Dutch investment climate.…
Changes to payroll tax, remittance reductions...
The 2015 Tax Plan also contains changes to payroll tax and social security contributions, such as the work-related costs rules and the normative salary for director-major shareholders.…
Tax measures for 2015
On Budget Day, September 16, 2014, the Cabinet presented the 2015 Tax Plan to the Lower House.…
International Tax Newsletter - August 2014
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
International Tax Newsletter - July 2014
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
FS Tax Newsletter Issue 15 | August 2014
Now that the end of the summer is approaching, why not ease back into business with some light reading in the form of our FS Tax Newsletter. The main topic this time is the introduction of…
FS Indirect Tax Newsletter | July 2014
Dear FS Tax professional, As indicated in our last FS Tax newsletter, we hereby provide you with a separate FS Indirect Tax Newsletter. Also, in the FS Indirect Tax arena there is a number…
International Tax Newsletter - June 2014
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
New Tax Regulation between the Netherlands an...
On June 10, 2014 the new bilateral rules for the avoidance of double taxation between the Netherlands – including the Caribbean part – and Curaçao (“BRNC”) were announced and…
EU Council of Ministers agrees with amendment...
The amendment means that payments received on cross-border hybrid loans will be excluded from tax exemption as from January 1, 2016.…
International Tax Newsletter - May 2014
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
Important decision by CJEU on the dividend wi...
The Court of Justice of the European Union in Luxembourg has concluded that the 8.3% dividend withholding tax pursuant to the BRK is permissible subject to certain conditions. …
FS Tax Newsletter Issue 14 | June 2014
Dear FS Tax professional, Plenty of topics to think about in the summer, for a large part relating to Banking regulations. Tax has become an additional item in Banking supervision, and…
Upper House passes bill on changes to pension...
The change to pensions in 2015 (Witteveen 2015) is a reality.…
Decision Dutch District Court on VAT treatmen...
The District Court in The Hague recently rendered judgment in a case concerning the recharging of advisory fees by a bank. The bank had deployed an external advisor in connection with the…
Advocate General at CJEU issues Opinion on tr...
The Advocate General concludes that transactions between a foreign head office and a fixed establishment that is part of a VAT group are outside the scope of VAT.…
International Tax Newsletter - March 2014
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
FS Tax Newsletter Issue 13 | April 2014
Dear FS professional, We are pleased to present you with the April issue of the FS Tax Newsletter. In this issue we look at the Capital Requirements Directive IV (which implements Basel…
Net annuity for taxpayers whose pensionable i...
As of January 1, 2015 the pensionable salary will to capped at EUR 100,000 and a new voluntary savings plan will be introduced for income exceeding this amount: the net annuity.…
OECD issued public discussion draft on tax ch...
On March 24, 2014, the OECD released a public discussion draft on the tax challenges of the digital economy, as part of its base erosion and profit-shifting action plan (Action 1).…
European Council agreed to adopt amendments t...
On March 20, 2014 Luxembourg has agreed to a proposed revision of the EU Savings Directive. This clears the path for the EU Council of Ministers to adopt the amendments in the Savings…
OECD issued public discussion drafts on neutr...
On 19 March 2014, the OECD released two public discussion drafts on the development of model treaty provisions and recommendations for the design of domestic rules to neutralize the effect…
OECD issued public discussion draft on tax tr...
Recently, the OECD issued a public discussion draft on tax treaty abuse as part of its base erosion and profit-shifting action plan.…
International Tax Newsletter - February 2014
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
International Tax Newsletter - January 2014
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
Important advice by Advocate General at CJEU...
The Advocate General at the Court of Justice of the European Union in Luxembourg has concluded that the 8.3% dividend withholding tax pursuant to the BRK is not always permissible.…
Advocate General recommends further review on...
On January 30, 2014, Ms. Van Hilten, the Advocate General attached to the Supreme Court, issued her independent opinion on the appeal a taxpayer had filed before the Supreme Court regarding…
Bill with measures from pension agreement
A bill has been presented with measures taken from the agreement concluded in December 2013 between parliamentary parties VVD, PvdA, D66, ChristenUnie and SGP and the government on the…
Intergovernmental Agreement between Netherlan...
Representatives of the Netherlands and the United States signed an intergovernmental agreement for the automatic exchange of data between the tax authorities of both countries, thus…
Transfer of authority to deal with ‘catch all...
To improve the speed with which requests for the application of the catch all clause contained in tax treaties are dealt with, the Ministry of Finance has decided to transfer the processing…
The Supreme Court requests preliminary ruling...
The Supreme Court has requested preliminary rulings on Dutch dividend withholding tax levied on non-resident private shareholders and foreign companies.…
Agreement on pension changes in 2015
The parliamentary parties VVD, PvdA, D66, ChristenUnie and SGP have reached agreement with the government on pension changes to take effect in 2015.…
FS Tax Newsletter Issue 11 | December 2013
Dear FS professional, This is the final newsletter for 2013. The majority of issues discussed in this newsletter relate to increased regulation for financial institutions. CRD IV lays down…
Tax treatment of additional Tier 1 capital
Banks will be able to deduct, for tax purposes, the return on additional Tier 1 capital, even if it was issued after January 1, 2014.…
Main features new tax regulation between the...
On December 12, 2013, the Netherlands and Curaçao reached agreement on a new tax regulation for the avoidance of double taxation between the two countries.…
Taxation of real estate investment trusts
An overview of the REIT regimes in Europe, Asia and the Americas.…
International Corporate Tax Newsletter - Nove...
Every month we publish an e-newsletter which gives you an overview of international tax developments being reported globally by KPMG member firms in the American, Africa, Europe and ASPAC…
Review your pension plan before the end of th...
You need to review all your pension plans to check whether they are acceptable for tax purposes and, if necessary, amend them.…
European Commission proposes amendments to Pa...
On November 25, 2013, the European Commission proposed amendments to the EU Parent-Subsidiary Directive (“the Directive”) in order to close off perceived opportunities for corporate tax…
Supreme Court rules against Finnish investmen...
The Supreme Court has ruled that a Finnish investment fund is not entitled to a refund of withheld Dutch dividend withholding tax.…
Request for preliminary ruling from the Court...
On November 1, 2013, the Supreme Court requested a preliminary ruling from the Court of Justice of the European Union (CJEU) on the VAT treatment of the management of real estate…
Services provided to mortgage lenders subject...
On October 11, 2013, the Supreme Court ruled that payment and collection services provided to mortgage lenders are subject to VAT…
Tax Plan 2014: acquisition of an interest of...
Under current legislation, acquisitions of interests of less than one third in real estate entities are not subject to real estate transfer tax, while acquisitions of one third or more are…
Fiscal investment institutions can − indirect...
Fiscal investment institutions are subject to a 0% corporate income tax rate, provided they meet certain conditions. One of these conditions is that the fiscal investment institution only…
Indirect Tax – Investment management
The advisors of Meijburg & Co’s Indirect Tax Financial Services group have extensive experience not only in identifying the VAT risks confronting institutional investors and their asset…
Indirect Tax – Financial services
The advisors of Meijburg & Co’s Indirect Tax Financial Services group have extensive experience in identifying the VAT risks confronting financial institutions, but also the VAT…
Indirect Tax – Payment Services
The advisors of Meijburg & Co’s Indirect Tax Financial Services group have extensive experience in not only identifying the VAT risks confronting payment service providers, but also the…
Indirect Tax – Banking
Meijburg & Co’s Indirect Tax Financial Services Group advises clients active in the banking industry. Our specialists have extensive experience with identifying VAT risks, advising on…
The Netherlands-United Kingdom Treaty for the...
The Dutch government has introduced a bank tax on the banking sector aimed at recovering the money lent as financial support to the banks during the financial crisis. This bank tax took…
Financial Services: Investment Management
Meijburg & Co’s Financial Services specialists have long provided tax advice to parties in the field of Investment Management. …
Companies can recover the VAT charged on cost...
On July 18, 2013, the Court of Justice of the European Union ("CJEU") rendered judgment in the PPG Holdings BV case (C-26/12) concerning the recovery of VAT charged on costs incurred by a…
The management of pension funds implementing...
On March 7, 2013, the Court of Justice of the European Union ("CJEU") rendered its judgment in the Wheels Common Investment Fund Trustees Ltd case (C-424/11) on the VAT position of the…
Financial Transaction Tax
The European Commission’s proposal for an EU wide tax on financial transactions (FTT) has generated much public and political discussion since it was published on September 28,…
FS Tax Newsletter (archive 2012 & 2013)
The Meijburg & Co Financial Services Tax Group is proud to present its FS Tax Newsletters. The FS Tax Newsletter is published every two months and addresses recent developments in FS…