As the end of the year is fast approaching, many organizations will soon start preparing their year end financial statements. The announced 2022 Tax Plan may have a significant impact on those financials and especially the income tax position. The impact should be reflected once the 2022 Tax Plan is (substantively) enacted.
On November 11, 2021, the announced measures were adopted by the Lower House of Parliament. The 2022 Tax Plan is substantively enacted once the Upper House of Parliament has voted in favor of the announced measures, which is currently scheduled for December 21, 2021.
In this memorandum, we highlight the main (IFRS) tax accounting consequences of the 2022 Tax Plan and some other tax developments relevant to the 2021 financial statements. If you have any questions, please do not hesitate to contact us.