On December 15, 2023 the Ministry of Finance published a new decree on the allocation of taxing rights in respect of severance payments in an international context. The decree took effect on January 1, 2024.
The vast majority of work-based residence permits issued in the Netherlands every year are for the purpose of employment as a highly skilled migrant or intra-company transferee. To employ these highly skilled workers, the employer must apply to become an authorized sponsor.
On November 14, 2023 the Organisation for Economic Cooperation and Development (OECD) published statistics on Mutual Agreement Procedures (MAPs) in 133 jurisdictions. The OECD commended successful tax authorities, with the Netherlands playing a prominent role in this.
The Court of Rotterdam recently issued a judgement (Court of Rotterdam 1 November 2023, ECLI:NL:RBROT:2023:10109) regarding the termination of a banking relationship by the bank (i.e. ABN AMRO Bank N.V. (ABN)) with its client (i.e. Rowood), where it was ruled that the termination has been conducted without taking into account proper care and is unacceptable according to the standards of reasonableness and fairness.
The gateway to corporate information and investment products, opening soon? Tentative agreement on the European Single Access Point (ESAP)
The European Commission has published a proposal for the creation of a European Single Access Point (ESAP) providing centralised access to publicly available information relevant to financial services, capital markets and sustainability. The ESAP aims to create a single European database where investors can obtain both non-financial and financial information on European companies and investment products. According to the proposal, ESAP should be established by 31 December 2024 and offer a minimum set of functionalities, which should be completed by 31 December 2025.