May 17, 2023
Dutch banks to explore the possibility of basic payment accounts for business clients

On 10 May 2023, the Dutch Banking Association (‘NVB’, Nederlandse Vereniging van Banken) announced that Dutch banks are exploring the possibilities and conditions for basic payment accounts (in Dutch: basisbetaalrekening) for businesses that cannot open a bank account in the Netherlands.

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April 12, 2023
Changes planned on Dutch employment laws

On 3 April 2023, the Dutch Minister of Social Affairs and Employment (Van Gennip) wrote to the House of Representatives that some changes are planned to be made on Dutch employment laws.

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March 27, 2023
Energy cost allowance applications for small and medium enterprises (SMEs) are now open

Since 21 March 2023, eligible Dutch SMEs (small and medium-sized enterprises) can apply for the energy cost allowance to the Dutch government. This energy cost allowance is intended as a temporary measure to compensate the increased costs of gas and electricity costs of energy-intensive SMEs.

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March 18, 2023
EU extends its list of non-cooperative jurisdictions for tax purposes

On 14 February 2023, the European Union (EU) announced that it will include Russia, Costa Rica, US Virgin Islands and Marshall Islands in its list of non-cooperative jurisdictions for tax purposes (the ‘blacklist’). The blacklist now consists of the following 16 jurisdictions:

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March 10, 2023
Dutch House of Representatives approves temporary law making turbo liquidation more transparent

On 16 February 2023, the Dutch House of Representatives approved the Temporary Act on Transparency Turbo Liquidation (Tijdelijke wet transparantie turboliquidatie) without any objection being raised. The expectation is that the Senate will also approve the bill on 14 March, and that it comes into force within a few months.

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March 4, 2023
EU approves 10th package of sanctions against Russia

On 25 February 2023, the EU published the 10th package of sanctions against Russia. With this update, we would like to inform you on what the 10th package of sanctions entails and how it may affect your business.

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September 24, 2021
Budget Day in the Netherlands 2021

Traditionally on the third Tuesday of September – this year on 21 September - for the occasion of Budget Day, the Dutch caretaker cabinet presented its 2022 Tax Plan. Due to the caretaker status of the current government, this year’s envisaged plans are non-controversial, contain relatively few substantive changes, and continue a consistent policy to further improve the business climate for companies in the Netherlands. Please find below the main highlights of the proposed tax measures that are relevant for corporate income tax payers doing business in or with the Netherlands. Below proposals still need to be adopted by the House of Representatives and Senate (Eerste en Tweede Kamer), and therefore may be subject to change.

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September 5, 2021
Budget Day in the Netherlands

21 September 2021 is a special date in the Netherlands. It is a traditional Budget Day (Prinsjesdag).

Every year on third Thursday of September the Dutch government launches its plans for the coming year.

The King of the Netherlands Willem-Alexander travels in the Glass Coach to the Hall of Knights in The Hague. There he reads the Speech from the Throne, officially opening the parliamentary year.

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May 16, 2021
Denunciation of the Double Tax Treaty

Denunciation of the Double Tax Treaty between the Russian Federation and the Netherlands – the end of era or still good perspectives?

On 11th May the lower chamber of the Russian Parliament voted to denounce the Double Tax Treaty between Russian Federation and the Netherlands, existing since 1996.

The Russian government proposed to notify the Dutch side of the denunciation of the agreement by June 30, 2021 and to denounce it effectively on January 1, 2022.

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September 22, 2020
Introduction of the Dutch UBO register

Resulting from European regulations, the Dutch UBO register will finally enter into force on 27 September 2020. It is designed to prevent the use of the financial system for money laundering and terrorist financing, by making transparent who is pulling the strings at organizations established in the Netherlands. In addition, the public nature of the register enables individuals and organizations to make better informed decisions with regards to the question – who do they do business with. In the Netherlands, the management of the UBO register is entrusted with the Chamber of Commerce.

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