News

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…

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.

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…

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. 

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,…

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…

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 to further strengthen its footprint in North America

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.

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.

Last week, the Court of Justice (“ECJ”) delivered a positive judgement on the VAT position of holding companies in the Marle case on July 5, 2018 (C-320/17).

Frank Schwarte, Lennaert Mosk and Mick Willemsen have written a technical memorandum on the recently published, non-consensus, discussion draft on financial transactions. The highly anticipated discussion draft, released by the OECD on July 3, 2018, focuses on the transfer pricing aspects of financial transactions. The memorandum provides a summary of the content of the discussion draft, an overview of the status, and the key takeaways.

On July 3, 2018 the OECD released the highly anticipated discussion draft on financial transactions, which deals with the follow-up work in relation to Actions 8-10 of the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project. Public comments are invited on the discussion draft and should be submitted by September 7, 2018.