On May 16, 2017 the Dutch Ministry of Finance published its preliminary proposal to amend the Dutch dividend withholding tax (“DDWT”) regime as from January 1, 2018. Under current Dutch tax laws and regulations, public limited companies (“NVs”) and limited liability companies (“BVs”) are in principle obligated to withhold DDWT. On the contrary, Dutch co-operatives (“Co-ops”) are in principle exempt from this obligation to withhold DDWT. The (current) Dutch government (albeit care-taking in anticipation of a nearly to be formed government after recent elections) intends to amend such selective fiscal treatment of these legal forms and has therefore initiated proposals to amend Dutch tax legislation in this respect.
De mogelijkheden van Investeringsbeschermingsovereenkomsten (IBO’s) worden door Nederlandse investeerders onvoldoende benut. Wanneer is het verstandig om in actie te komen?
On March 31, 2017, the Implementation Act regarding the registration of the ultimate beneficiary owner of Dutch entities was made public in the Netherlands.
The European Accounting Directive (2013/34/EU) entered into force on June 26, 2013. This directive seeks to harmonize, simplify and modernize EU accounting law, reduce administrative costs for small and medium sized businesses and facilitate the comparison of annual accounts. The Dutch Parliament passed the bill on September 30, 2015 and the Accounting Directive Implementation Act (the Act) entered into force on November 1, 2015. The act applies to private limited liability companies (B.V.’s), public companies (N.V.’s), cooperatives, mutual insurance associations, (commercial) associations and foundations and non-Dutch companies subject to the Act on Companies Formally Registered Abroad. The alteration of most significance issued by the Act is the reduction of the extended production period and the ultimate filing period for annual accounts.