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Geen vermogensrendementsheffing indien dit leidt tot een individuele en buitensporige last
A-G Niessen concludeert op 15 december 2017 (publicatiedatum 5 januari 2018, zie ELCI:NL:PHR:2017:1397) dat de box 3 heffing onder omstandigheden onredelijk is en buiten toepassing moet worden gesteld indien dit leidt tot een individuele en buitensporige last. De A-G adviseert de Hoge Raad de zaak te verwijzen naar een ander gerechtshof om te om te onderzoeken of er sprake is van een individuele en buitensporige last.
Favourable judgement for EU holding companies – ECJ limits too general anti-abuse
In a recent decision, the European Court of Justice (“ECJ”) issued a favourable judgement regarding too general anti-abuse legislation for holding companies. For the ECJ, both the treatment of the EU parent company’s shareholders and the nature of the economic activities of the EU parent company – criteria adopted by the German anti-abuse provisions under question – are irrelevant for pre-assessing abuse. This decision could have a major impact on the applicability of anti-abuse provisions and substance requirements for holding companies within the EU, including the Netherlands.
Supreme Court rejects fiscal unity between Dutch sister companies with a joint non-EU parent company
On 15 December, 2017 the Dutch Supreme Court ruled that a request to create a fiscal unity between Dutch sister companies with a joint parent company established in a third non- EU/EEA country does not have to be granted by the Dutch Tax Authorities. The judgement follows the earlier Opinion of the Advocate-General, but is opposed to the judgement of the Court of Appeal Arnhem-Leeuwarden.
Legislation to amend Dutch dividend withholding tax act adopted
On Tuesday 19 December, the Dutch Senate adopted the legislation to abolish dividend withholding tax in treaty situations and to amend dividend withholding tax position for cooperatives as from 1 January 2018. For more info on these changes, click here. The new legislation will entry into force on 1 January 2018.
Proposed Dutch legislation changing the scope of dividend withholding taxes and exemptions
Kristel Tijsterman and Pieter Frolichs have written an article in edition 88 (December 2017) of the Tax Notes International. In this article Kristel and Pieter analyze proposed changes to the Dutch Dividend Withholding Tax Act and examine how the new rules may affect a range of entities.
De arresten van 21 september 2017 en de koepelvrijstelling
Leonie de Rooij en Joel Wessels hebben een artikel geschreven in de BTW Brief over de gevolgen van de recente arresten van het Europese Hof van Justitie over de reikwijdte van de koepelvrijstelling. Het artikel bespreekt de gevolgen van deze arresten voor de Nederlandse praktijk en in het bijzonder voor de commerciële sector.
US Senate approves tax bill
On Saturday 2 December, the Senate voted 51 to 49 to pass an amended version of the tax reform bill.
New form for dividend withholding tax exemption
Following our newsletter on the extension of the Dutch dividend withholding exemption to all treaty countries (click here), the Dutch State secretary of Finance has now published the declaration that needs…
Opgaaf inhoudingsvrijstelling dividendbelasting
Als vervolg op onze nieuwsbrief over de verruiming van de Nederlandse inhoudingsvrijstelling op deelnemingsdividenden naar alle verdragslanden (klik hier), heeft de Staatssecretaris van Financiën vorige week de nieuwe opgaaf dividendbelasting gepubliceerd.…
US Tax reform bill: Tax Cuts and Jobs Acts
On November 2, the House Republican's tax reform bill – the Tax Cuts and Jobs Act – was released. This bill is 429 pages and should provide for extensive tax reform. The bill would immediately reduce the statutory tax rate to 20% and move to a territorial system of taxing foreign profits with anti-base erosion provisions for both US-based and foreign-based multinational companies. A new excise tax of 20% will be introduced on deductible payments from US companies to related foreign companies that in fact acts similar to the border adjustment in the House Republican Blueprint, but only for outbound payments. A brief summary of the other key provisions is provided below. President Trump intends to sign the bill before the Thanksgiving holiday, but there are several unpopular provisions that will potentially get push-back and changes are likely to be made. Given the current political US landscape and the unprecedented situation, the last major US tax reform took place in 1986, this seems an optimistic outlook. Of course we will keep you posted on updates following the legislative process.
Transfer pricing documentation is key
Introduction According to Dutch transfer pricing legislation (article 8b of the Dutch Corporate Income Tax Act), Dutch tax payers need to have documentation available that demonstrates the arm’s-length nature of…
Martha Formenti appointed as Brazil’s National Branch Reporter for the IFA Congress 2018
Martha Formenti (member of our Brazilian Desk) has been appointed as a Brazil’s National Branch Reporter on the topic “Withholding tax in the era of BEPS, CIVs and digital economy”…
Belgium: participation exemption for dividends received by parent companies: 100% exempt
In the framework of the expected corporate income tax reform (further to the agreement reached at government level last summer), the Belgian government intends increasing the participation exemption (dividend received…
Advocate General CJEU on the compatibility of the Dutch fiscal unity regime with the fundamental freedoms followed by Dutch Government emergency response measures
On 25 October 2017, Advocate General (AG) Campos Sánchez-Bordona issued his opinion in the Joined Cases C‐398/16 and C‐399/16 X BV & X NV versus the Dutch State Secretary of…
New government proposes new tax reforms
This afternoon Prime Minister Mark Rutte released the highlights of the new government (Rutte III). As far as taxation is concerned the most important changes are: