Part of Svalner Atlas Group
News
Netherlands Overhauls Fiscal Unity Regime Following X BV and X NV Judgment
Kristel Tijsterman and Gerbrand Hidding have written an article in edition 90 (May 2018) of the Tax Notes International. In this article Kristel and Gerbrand discuss a recent ruling from the Court of Justice of the European
Union that found an element of the Dutch fiscal unity regime violates EU law and examine the impact of the emergency measures enacted in response to the decision.
Right to deduct input VAT broken-deal costs
On May 3, 2018, the Advocate General (‘AG’) at the Court of Justice of the European Union (‘CJEU’) issued his Opinion in the Ryanair case. This case concerning broken-deal costs is relevant for Private Equity & M&A practice.
New Dutch transfer pricing Decree
On May 11, the Dutch State Secretary of Finance published a new Dutch transfer pricing Decree that replaces the Decree from November 14, 2013. The new Decree aims to address the recent changes to the OECD Transfer Pricing Guidelines, which were adjusted as a result of the BEPS-project.
Btw aftrek voor mislukte overname
Op 3 mei jl. heeft A-G Kokott conclusie gewezen in de Ryanair-zaak. Dit is een voor private equity & M&A praktijk relevante zaak over broken-deal kosten.
Court of appeal: Envy factor represents a certain value which should be considered taxable wage
Recently, the Court of Appeal Arnhem-Leeuwarden rendered its judgement in a case that is very relevant for the private equity and M&A practice. Contrary to the decision of the lower court of February 2017, the Court of Appeal ruled that the acquisition of an equity stake with an ‘envy factor’[1] does represent a taxable wage component.[2]
Gerechtshof: Envy factor vertegenwoordigt een zekere waarde die wordt belast als loon uit dienstbetrekking
Het gerechtshof Arnhem-Leeuwarden heeft onlangs een interessante uitspraak gedaan die relevant is voor de private equity- en M&A praktijk. In tegenstelling tot de uitspraak van rechtbank Gelderland in februari 2017 (zie hiervoor ons nieuwsbericht van 8 maart 2017), oordeelt het gerechtshof dat de verkrijging van een aandelenbelang met een ‘envy factor’[1] (deels) moet worden aangemerkt als belastbaar loon.[2]
30% ruling shortened to five years as of January 1, 2019
On April 20, 2018 the Dutch State Secretary for Finance presented the government response to the evaluation of the 30% ruling to the House of Representatives.
Chambers Europe 2018
Atlas kondigt met veel plezier aan gerankt te zijn als ‘Leading Firm’ voor fiscaliteit in Nederland door Chambers Europe 2018. Roelof Gerritsen, Bas Leensma and Matthijs Wierenga worden vermeld als ‘notable…
The OECD released the report ‘Additional Guidance on the Attribution of Profits to Permanent Establishments’
On March 22, 2018, the OECD released the report ‘Additional Guidance on the Attribution of Profits to Permanent Establishments’. This report follows the final report on ‘Preventing the Artificial Avoidance of Permanent Establishments Status’, which was released earlier as part of action 7 of the BEPS project.
Chambers Europe 2018
Atlas Tax Lawyers is very proud to be recognized as a Leading Firm in Chambers Europe 2018 for Tax in the Netherlands. Roelof Gerritsen, Bas Leensma and Matthijs Wierenga are…
Political agreement on proposal for mandatory disclosure of aggressive tax planning schemes
During a meeting of the ECOFIN in Brussels on 13 March 2018, a political agreement was reached on a proposal to strengthen tax transparency of supposedly aggressive cross-border tax planning by amending the Directive on Administrative Cooperation (“DAC”).
Future tax plans of the Netherlands
On 23 February 2018, the Dutch State Secretary of Finance published a letter with his view on the policy towards the future of the Dutch tax landscape. He expressed his clear intention for the Netherlands to maintain its competitive investment climate, while on the other hand he wants to avoid that the attractive Dutch tax environment is used for abuse structures.
CJEU applies ‘per element’ approach to the Netherlands and rules that Dutch fiscal unity regime infringes the freedom of establishment
On 22 February 2018, the Court of Justice of the European Union (CJEU) issued its judgement in the joined cases C‐398/16 and C‐399/16 X BV & X NV versus the Dutch State Secretary of the Ministry of Finance (Staatssecretaris van Financiën). These cases were referred to the CJEU in July 2016 and deal with the ‘per element’ approach, as established by the CJEU in C‐386/14 Groupe Steria, for the Dutch fiscal unity regime, in particular concerning interest deductibility and currency losses. In its judgement, the CJEU followed the conclusions of the Advocate General (AG) of 25 October 2017.
Handhaving Wet DBA opgeschort tot 1 januari 2020
Zoals bekend is het nieuwe kabinet voornemens de Wet deregulering beoordeling arbeidsrelaties (Wet DBA) te vervangen. De Wet DBA was bedoeld om duidelijkheid te scheppen over de vraag wanneer een arbeidsverhouding een dienstbetrekking is. Echter, in plaats van duidelijkheid te scheppen leverde de wet veel verwarring en onrust op onder zelfstandigen en opdrachtgevers. Vanwege alle commotie rondom deze wet was de handhaving van de wet al eerder opgeschort tot 1 juli 2018.
Update UBO-register: publicatie conceptbesluit
Op 31 januari 2018 heeft de Nederlandse regering, in het kader van de invoering van het UBO-register, het concept uitvoeringsbesluit Wwft 2018 (“Conceptbesluit”) gepubliceerd, waarin wordt aangegeven welke categorieën personen in ieder geval als uiteindelijk belanghebbenden (Ultimate Beneficial Owner oftewel UBO) moeten worden aangemerkt.
De in dit Conceptbesluit gebruikte UBO-definitie zal naar alle waarschijnlijkheid overeenkomen met de definitie voor het UBO-register, ook al heeft het Conceptbesluit specifiek betrekking op de verplichte identificatie van de UBO’s achter een rechtspersoon of samenwerkingsverband in het kader van de dienstverlening door bepaalde instellingen.