Corporate Income Tax News

Changes to VBI regime, abolition of open limited partnership and revision of qualification policy postponed for one year

In light of the responses to the internet consultations, the government intends to have the measures take effect as of January 1, 2025.

2023 Guidelines on Mandatory Disclosure Rules (DAC6) published

The updated Guidelines include several substantive changes compared to the earlier version.

Tax changes announced in the 2023 Spring Memorandum

In particular, property owners, businesses faced with business successions and Box 3 investors will experience the effect of these plans.

Internet consultation on abolition of real estate FBI, amendment of VBI regime and change in definition of mutual fund

The draft bill contains accompanying measures to avoid the (immediate) levying of corporate income tax, personal income tax and real estate transfer tax.

Clarity and lack of clarity after new Supreme Court judgment on Section 10a CITA 1969

The Supreme Court has clearly explained in this judgment how the doctrine of the diversion of funds relates to an entity that fulfills a pivotal financial function within the group.

Interest on tax due charged on corporate income tax assessments to remain at same rate for the time being

In our MTN of February 3, 2023 we informed you about the statutory increase in the rate used for charging interest on tax due on corporate income tax and (interest and royalty) withholding tax assessm ...

Mitigate/avoid 10.5% interest on tax due by requesting an (additional) provisional corporate income tax assessment

As of March 1, 2023 the interest on tax due payable on corporate income tax and withholding tax assessments will increase from 8% to 10.5%.

Pro Memoria 2023

An easy-to-use reference work that will help businesses, institutions and organizations in their accounting practices. The tax rates, premiums and contributions for 2023 have been summarized for your ...

Clarification of anti-transfer pricing mismatch rule in the case of capital contributions

On January 24, 2023 Deputy Minister of Finance Mr. Van Rij clarified in a policy statement the scope of one of the measures to combat transfer pricing mismatches.

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