Export controls and sanctions
Export control legislation can apply to physical goods but also to the sale or transfer of intangible assets such as technology and software. Export control regulations may also have an extraterritorial effect; this applies in particular to US export control regulations. Compliance with export control rules therefore has a multi-legal dimension.
Tax measures in the general coalition agreement
On May 15, 2024 the four coalition parties PVV, VVD, NSC and BBB published their general agreement ‘Hope, Courage and Pride’. The general agreement and the budgetary appendix provide insight into the main features of the tax plans of the new coalition government. In this memo we discuss the tax measures.
Country by Country Reporting
Multinational entities with a consolidated turnover exceeding EUR 750 million are obliged to file an annual Country-by-Country (“CbC”) report. They must submit this to the Dutch tax authorities within 12 months of the end of the reporting year. Failure to comply with these Country-by-Country reporting requirements may result in significant administrative penalties.