Expansion of corona support in connection with extension of lockdown (January 2021)
On January 21, 2021 in a letter sent to the Lower House of Parliament the government announced that the current relief and recovery package for the economy and labor market would again be expanded.
NL-Africa Tax Desk newsletter – first edition
We are excited to welcome you to this first edition of our NL-Africa Tax Desk newsletter. In 2020 African governments’ tax policies have been subject to a lot of changes impacted by the BEPS action points, the COVID-19 crisis and developments on the energy markets. Although the African continent is diverse, there are typical challenges in staying compliant with local tax obligations that MNEs and investors face when investing and developing business activities in Africa. Managing your business’ tax position in Africa is not a ‘one-off’ exercise and requires continuous monitoring of the latest tax developments. The aim of this newsletter is to give you an easy-to-read overview of these updates on the African tax landscape.
Final VAT return for 2020: adjustments under the VAT Deduction Exclusion Decree and private use of company cars
Our memorandum with flowchart provides an up-to-date explanation of how the adjustment affects the recovery of VAT on staff benefits, promotional gifts and other gifts. We also explain the effect of the VAT adjustment for the private use of company cars.
Relief and recovery package for the economy and labor market reappraised
In a letter sent to the Lower House of Parliament on December 9, 2020 the government announced that the existing relief and recovery package for the economy and labor market – which was announced in August and has applied since October 1, 2020 – would be amended and some elements expanded.
Refund of Dutch dividend withholding tax based on Sofina judgment
This Decree potentially provides a meaningful option to foreign entities that have not been able to otherwise obtain relief for Dutch dividend withholding tax through either a reduced treaty tax rate or an exemption.