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.
Year end 2020 tax accounting considerations
As the end of the year is fast approaching, many organizations will soon start preparing their year‑end financial statements. The announced 2021 Tax Plan may have a significant impact on those financials and especially the income tax position. The impact should be reflected once the 2021 Tax Plan is (substantively) enacted.
Blueprints on Pillar One and Pillar Two: Is your compliance process ready for global digital taxation?
Earlier this month we took note of the announcement of the OECD/G20 Inclusive Framework for their Blueprints of Pillar One and Pillar Two as we were curious to see what this would entail. Another initiative with a clear message that a central and unified global compliance process will become more crucial than ever.
Legislative proposals on tightening CIT loss set-off and on Job-related Investment Allowance presented to Lower House
On October 5, 2020 the government presented two Memorandums of Amendment to the bill on the 2021 Tax Plan to the Lower House of Parliament. These memorandums had been announced on Budget Day.
The new EU Tax Package: an (over)ambitious plan?
Last week the European Commission announced its first steps towards a new EU Tax Package, with already quite some attention towards tax compliance formalities.
“It was great to see that the emphasis on tax compliance is an integral part of this package. The EU seems to acknowledge the impact on the EU compliance position of European multinationals from the start” states Frank Metsemakers, Senior Tax Manager Global Compliance, in his blog.