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.
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.
Tax Audit
In a Tax Audit the tax authorities collect information in order to determine whether tax obligations have been complied with. The tax authorities can always question the taxpayer, either in writing or orally. They may also ask questions to third parties, for example the auditor. Tax Audit Assistance is advisable in case of a tax audit.