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Although the essence of the bill has remained the same, the 4th Memorandum of Amendment contains several essential changes to the scope and the tax methodology.

This case is not only relevant for financial institutions, but also for other taxpayers performing VAT-taxed and VAT-exempt services, such as parties in the public sector, and in education and healthcare.

The current expansion involves, among other things, the introduction of the fifth Temporary emergency bridging measure to retain jobs (Tijdelijke noodmaatregel overbrugging voor werkbehoud; NOW 5).

On November 16, 2021, the government announced and explained several changes to the relief package for the fourth quarter of 2021; this in anticipation of approval by the European Commission.

We briefly address what is currently known about the intended climate tax measures.

The aim of this newsletter is to give you an easy-to-read overview of the latest tax updates in Africa. This month's newsletter includes several updates on the 2022 tax measures in Ghana, Zambia and Zimbabwe. Next to that, we have seen developments focused on tackling international tax avoidance with Mauritania and Rwanda joining OECD initiatives in this regard and the tax policy debate in the Netherlands moving towards increased international exchange of information on Dutch intermediate holding companies.

The report contains 15 recommendations, divided into six tax and nine non-tax policy options. At the same time, the Deputy Minister of Finance sent the government’s response to this report to the Lower House of Parliament.

On November 12, 2021 the Supreme Court rendered judgment in the proceedings initiated by KPMG Meijburg & Co concerning whether net share bonuses can qualify as part of the final levy for the purposes of the work-related costs rules (werkkostenregeling).

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.

We have briefly outlined the adopted amendments and a selection of the adopted motions.