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New State aid investigation into Dutch Ruling practice: Nike
On 10 January 2019, the European Commission (“EC”) opened a formal State aid investigation into tax rulings granted by the Dutch tax authorities (“DTA”) to two Nike group companies, European…
Newsflash: The Netherlands unilaterally introduces a list of low-taxed jurisdictions
The Netherlands has unilaterally published a list of low-taxed jurisdictions. This list will have an impact on the application of the newly introduced CFC rules, on the proposed withholding tax…
Alert: CJEU’s decision in its case MEO – Serviços de Comunicações e Multimédia SA
Qualification of an early termination payment for the purposes of VAT The CJEU has decided that an early termination payment made by a client to a telecom service provider must…
We warmly welcome…
We warmly welcome Boudewijn Niels among our partner team, taking effect on 1 January 2019. Boudewijn is specialized in tax aspects of private equity and M&A transactions. Additionally, he has…
Newsflash: Proposed changes to Dutch ruling practice
Last week, on 22 November 2018, the State Secretary of Finance published a letter in which he described the contemplated changes to the current tax ruling practice. According to the…
Internet consultation on Dutch implementation EU Anti-Tax Avoidance Directive 2
On 29 October 2018, the Dutch Government published a consultation document regarding the implementation of the Anti-Tax Avoidance Directive measures (“ATAD 2”) as adopted by the EU in May 2017. The consultation document is open for consultation until 10 December 2018.
ATAD 2 should be implemented by the EU Member States on 31 December 2019. However, the rule targeting reverse hybrid mismatches need to be implemented on 31 December 2021. The implementation by the Netherlands of ATAD2 is in line with this timing.
VAT and holding companies: European Court of Justice accepts the right to deduct input VAT on broken-deal costs
On 17 October 2018 the Court of Justice of the European Union (‘CJEU’) rendered its decision in the Ryanair case (C-249/17). This decision handles the issue of input VAT recovery for costs in connection with unsuccessful share deals (broken-deal costs). Below we will highlight the importance of this decision for practice, more in particular Private Equity and M&A in general.
The Netherlands: Revised Tax Plan 2019
On Budget Day (18 September 2018), the new tax measures for 2019 and further were published. Earlier this week, on 15 October 2018, the Dutch government announced that its initial…
Prinsjesdag 2018: Belangrijkste maatregelen voor Private Clients
Op Prinsjesdag, dinsdag 18 september 2018, heeft het kabinet het Belastingplan 2019 aangeboden aan de Tweede Kamer. Wij hebben een nieuwsbrief opgesteld waarin wij de belangrijkste maatregelen voor Private Clients op een rij hebben gezet. Om onze nieuwsbrief te bekijken, klik hier.
The Netherlands: Tax Plan 2019
On Budget Day (18 September 2018), the Dutch government published the new tax measures for 2019 and beyond. The package also includes the long-awaited proposals for the implementation of ATAD1,…
Introduction Withholding Tax Act 2020
On Budget Day 2018, the Dutch government released its much debated proposal to abolish the dividend withholding tax of 15% as of 2020. Instead of the current provisions, a new…
Implementation of ATAD1 In Dutch Tax Law
On Budget Day, the Dutch government submitted a legislative proposal regarding the implementation of the Anti-Tax Avoidance Directive as agreed mid 2016 by the EU member states (“ATAD1”). The most…
WTS Global opens US desk in New York and San Francisco
WTS Global opens US desk in New York and San Francisco to further strengthen its footprint in North America
Staatssecretaris: verhuur gedeelte van de eigen woning via AirBnB ook belast
De staatssecretaris van Financiën heeft kamervragen van D66 beantwoord over de fiscale gevolgen van de verhuur van een gedeelte van een eigen woning via AirBnB. Volgens de huidige regelgeving dient 70% van de netto-inkomsten uit verhuur van de eigen woning opgeteld te worden bij het eigenwoningforfait in box 1 van de inkomstenbelasting, waar het tegen (tot) 51,95% belast is.
European Court of Justice rules on VAT treatment Payment Services
With the rise of eCommerce, online platforms and FinTech the use of payment services or payment service providers, has substantially increased. As most (online) platforms, eCommerce platforms or applications and FinTech companies offer payment solutions, activities relating to payments and money transfers are increasingly carried out by regular businesses instead of banks or traditional financial institutions. An everyday example would be the online marketplace or platform which also facilitates (the collection of) the payment of the goods and/ or services that are sold through their platform to consumers. In practice, it has not always been fully clear if, and to what extent such payment solutions are VAT exempt.