News

March 29, 2018

Evaluation of work-related costs rules

On March 23, 2018, the Deputy Minister of Finance sent the Evaluation of the Work-related Costs Rules and the government’s response to it to the Lower House. The evaluation was carried out because the law requires that the efficacy and the effects of the necessity criterion in the work-related costs rules (werkkostenregeling; ‘WKR’) be evaluated (2015 Tax Plan). 

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March 28, 2018

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 MENASA region.

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March 23, 2018

VAT exemption not applicable on instruction to transfer money

On March 21, 2018, the Advocate General (‘AG’) at the Court of Justice of the European Union (‘CJEU’) issued his Opinion in the DPAS Limited case (C-5/17). The AG concluded that the VAT exemption for payments cannot be applied to a service provider that only instructs banks to transfer sums of money. 

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March 21, 2018

European Commission releases package on taxation of the digital economy

On March 21, 2018, the European Commission issued a package on a Fair and Effective Tax System in the EU for the Digital Single Market, including a Directive proposal on a Digital Services Tax, a Directive proposal on the introduction of a digital permanent establishment concept, and Recommendations to Member States to implement this concept in their double tax treaties. 

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March 13, 2018

Political agreement reached on proposal for mandatory disclosure of reportable cross-border arrangements by intermediaries

On March 13, 2018, the European Council reached political agreement on the proposal for amending the Directive on administrative cooperation in the field of taxation (Directive 2011/16/EU or DAC). This is the latest in a series of EU initiatives in the field of the automatic exchange of information in tax matters. 

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February 27, 2018

Deputy Minister provides more insight into his future tax plans

On February 23, 2018, the Deputy Minister of Finance explained his future tax plans in two letters. One letter contained his Tax Policy agenda, while the other elaborated on the first priority of this agenda: combating tax avoidance and tax evasion. 

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February 23, 2018

Court of Justice of the European Union also applies per element approach to the Netherlands

On February 22, 2018, the Court of Justice of the European Union (CJEU) rendered judgment in two interesting corporate income tax cases for which the Dutch Supreme Court had requested preliminary rulings (see our previous memorandum). 

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February 14, 2018

Enforcement of Assessment of Employment Relationships Deregulation Act (Wet DBA) further postponed

On February 9, 2018, the Minister of Social Affairs and Employment and the Deputy Minister of Finance informed the President of the Lower House of Parliament in a joint letter about developments concerning the Assessment of Employment Relationships Deregulation Act (Wet deregulering beoordeling arbeidsrelaties; DBA Act). In the letter they write that the enforcement of this legislation will be further postponed until January 1, 2020.

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February 12, 2018

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 MENASA region.

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February 10, 2018

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. We would also like to bring to your attention the following publications that are now available online:

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February 7, 2018

Update on the progress of the UBO register in the Netherlands

On January 31, 2018, the Dutch government published the proposed Decree implementing the Money Laundering and Terrorist Financing (Prevention) Act 2018 (Uitvoeringsbesluit Wwft 2018) (hereinafter: the draft decree). The draft decree stipulates additional rules for defining the ultimate beneficial owners (UBOs) of legal entities in the Netherlands. 

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January 31, 2018

Court of Appeals: bonus shares do not fall under the fixed exemption of the work-related costs rules (standard practice criterion)

On January 25, 2018, the Amsterdam Court of Appeals rendered judgment in a case litigated by Meijburg & Co concerning the question whether the allocation of bonus shares can be placed under the fixed exemption of the work-related costs rules. The Court ruled that, for the purposes of the work-related costs rules, the allocation of bonus shares to a select group of employees is generally considered unusual.

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