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On December 22, 2021, the European Commission published a proposed EU directive to incorporate Pillar Two into EU law. The rules generally mirror the OECD model rules released on December 20, 2021 but have a broader scope that includes large-scale purely domestic groups.

The judgment affects the years from 2017 onward and may have consequences for thousands of taxpayers.

In practice, substantial (albeit not easily quantifiable) amounts in dividend tax are avoided via various forms of dividend stripping, which the Dutch tax authorities cannot properly combat with the current legal instruments. The consultation document contains six potential solutions.

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.