OECD Update: 'Unified Approach' promising for acceptance
On 31st of January, 2020, the OECD gave an update on the outline for a global taxation of multinationals: 'Unified Approach'. Jaap Reyneveld, partner at KPMG Meijburg & Co: “It looks like the 'Unified Approach' of the OECD has a good chance of being accepted on a global level. This will have an impact on both tech companies and more traditional multinationals."
eRecognition mandatory for businesses filing their own tax returns
If you file your own payroll tax or corporate income tax returns via the portal of the Dutch tax authorities, we recommend that you apply for eRecognition (eHerkenning) in good time. It appears from the responses to Parliamentary questions that in certain situations leniency will be shown to businesses that do not expect to be able to obtain eRecognition in time to fulfill their obligation to file tax returns. They will, however, have to promptly request a deferral for filing the tax return.
Final Dutch VAT return of 2019: Correction based on the VAT Deduction Exclusion Decree and the private use of company cars
We have updated our memorandum regarding the VAT correction on promotional gifts and other benefits, such as staff benefits. Furthermore, the VAT correction based on the private use of company cars is described.
Transfer Pricing Developments around Europe: What to expect in 2020
Global developments in transfer pricing reflect the ongoing priorities in international tax. We continue to see proposed changes to policies and OECD proposals with significant impact on current regulations, guidelines and case law. These developments increase the complexity of the transfer pricing landscape for companies doing business in an international environment.
This blog previews the most important transfer pricing developments we expect to see in Europe in 2020 and which will be discussed in more detail during our conference.
Dutch online registration system for international assignments live as of March 1, 2020
As announced on December 19, 2019, the online registration will go live on March 1, 2020 (notifications with an effective date after March 1 will be able to be entered into the system from February 1). The registration can be done in Dutch, English or German.