Important judgment on tax classification of financial instrument
On May 17, 2024 the Dutch Supreme Court rendered an important judgment on the tax qualification of a financial instrument that was issued by a company established in France in 2007. It concerned the ‘obligation remboursable en actions’ (hereinafter: ORA). The question was whether the instrument had to be regarded as equity (capital) or debt capital (loan) for the purposes of the Corporate Income Tax Act 1969. Although the dispute focused on the question whether the costs related to the issue of the instrument were allocable to a Dutch permanent establishment of the French company, the Supreme Court judgment potentially has a much broader scope.
A limited number of companies whose activities involve the extraction or refining of oil and gas (approximately 40) are expected to become subject to the solidarity levy.
ABL is a form of secured lending where a loan is granted primarily based on the value of certain types of the borrower’s assets. A lender typically lends up to an agreed percentage of the value of the ...
Meijburg Legal is expanding! Lucas Lustermans will join the Banking and Finance practice of Meijburg Legal in the position of partner. Together with the Banking and Finance team, Lucas will focus on f ...
De KPMG Belgium-Holland Desk nieuwsbrief verschijnt maandelijks met uitzondering van juli en augustus. In deze nieuwsbrief gaan wij in op actuele ontwikkelingen op fiscaal gebied in Nederland en Belgi ...
Virtually all of the EU rules on this have become an integral part of the bill that was presented to the Lower House of Parliament on October 24, 2022.
The legislative proposal aligns with the proposed EU Directive; in this respect, it is largely similar to the OECD Global Anti-Base Erosion (‘GloBE’) Model Rules.
We are proud to announce that as of October 1, 2022 the Managing Board of KPMG Meijburg will be made up of Erik Velthuizen, Martine Moor and Bart Jimmink.
We are proud that, in The Royal Concertgebouw, we have found a partner that embraces our sponsorship strategy and goals, and will help us achieve them.