News

1. IntroductionThe Luxembourg direct tax authorities issued on 27 December 2016 new guidelines by means of the issuance of Circular L.I.R. no. 56/1 – 56bis/1 (hereinafter the “Circular”) which deals…

As announced earlier in 2016, the Netherlands has enacted a new innovation box regime as of January 1, 2017, in line with the outcomes of the OECD’s BEPS project (Action Plan 5). The new legislation has a grandfathering period until 2021 for (qualifying) intellectual property (“IP”) developed before July 1, 2016.

Because of the new regulations, all existing innovation box rulings with the Dutch tax authorities have been cancelled as of January 1, 2017.

The Dutch Supreme Court has recently decided that the Netherlands could not apply the domestic deemed salary rule under the application of the tax treaty between the Netherlands and Portugal. The Supreme Court clarifies that the deemed salary rule can only be applied when the other Contracting state has specifically accepted the application of this rule.

        Aanbod Binnen het Belasting Excellentie Programma staat een aantal aspecten centraal: De student en zijn ambities, talenten en competenties; De relevante kennis omtrent de vakinhoud en…

In addition to our recent news alert in relation to the proposed amendments to the current Dutch dividend withholding tax position of Dutch Cooperatives (currently not being subject to Dutch dividend withholding tax) and BVs/NVs, we hereby provide you with an update based on last week’s letter from the Dutch Deputy Minister of Finance.

VAT is due on the supply of VAT taxable services or goods. The supplier pays the VAT due to the Dutch Tax Authorities (‘DTA’) and issues an invoice charging VAT to the purchaser. In case the invoice remains (partly) unpaid by the purchaser, the supplier will not be reimbursed by the purchaser for the VAT already paid to the DTA.

Btw is verschuldigd over het verrichten van btw belaste diensten of goederenleveringen. De leverancier draagt de btw af en reikt een factuur met btw uit aan de afnemer. Als de factuur niet geheel door de afnemer wordt betaald, krijgt de  leverancier (ook) de reeds afgedragen btw niet vergoed van de afnemer.

De Hoge Raad heeft vorige week geoordeeld dat een pensioenfonds dat een defined benefit (DB)-regeling uitvoert niet kan worden aangemerkt als een gemeenschappelijk beleggingsfonds. De btw vrijstelling die geldt voor het beheer van collectief bijeengebracht vermogen is daarom niet van toepassing ten aanzien van het beheer van een dergelijk pensioenfonds. Het betrof het pensioenfonds voor Zorg en Welzijn. Dat bedrijfstakpensioen voert een midden loonregeling uit.

Ecofin has not yet reached an agreement on the proposed amendment of the ATAD regarding Hybrid Mismatches with third countries

On 6 December 2016, the Ecofin did not come to an agreement on the proposed amendment to the Anti-Tax Avoidance Directive (“ATAD”) which should neutralize the effects of hybrid mismatches between EU members states and third countries (like for example CV/BV structures with the US).

A group of more than 100 jurisdictions have agreed upon a multilateral instrument (“MLI”) for the implementation of certain tax treaty measures of the BEPS projects in the bilateral tax treaties. This MLI gives the governments a mechanism to align their treaties with the several action points laid down in the BEPS projects in a quick and effective way. Depending on the ratification process, this instrument could be used to amend up to 2000 treaties.

The Dutch government responds on the amendments to the Anti-Tax Avoidance Directive (“ATAD”) proposed by the European Commission last month. The proposal in particular addresses the neutralisation of hybrid mismatches between EU members states and third countries. Considering the numerous hybrid structures with US multinationals (like the CV/BV structures) this is an important topic for the Netherlands.

Het kabinet heeft deze week gereageerd op de eind oktober voorgestelde wijzigingen van de Anti Tax Avoidance Directive (“ATAD Richtlijn”). Het richtlijnvoorstel van de Europese Commissie ziet met name op het neutraliseren van hybdride mismatches tussen EU-lidstaten en derde landen. Voor Nederland een belangrijk onderwerp gezien de vele hybride structuren met US multinationals (zoals de CV/BV structuren).