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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April 3, 2020
Trust in the Future: COVID-19 Financial Support Programs in NL

I. NOW: wage costs reimbursement

Target group

This facility is meant for businesses with staff that expect to have a turnover loss of at least 20% within the coming three months. Extraordinary circumstances causing the turnover loss do not have to be demonstrated.

Facility

The Government of the Netherlands aims to prevent the loss of jobs and income due to the Corona Virus by means of the ‘Temporary Emergency Measures Employment Bridging’ (NOW). Employers coping with significant turnover loss are eligible to receive a reimbursement in wage costs. The facility aims to keep workers employed for as much as possible, even those who are not entitled to a continued salary pay. The facility is expected to open from 6 April 2020. The application period will run up and to 31 May 2020. Employers will receive an advance from the Executive Institute for Workers’ Insurances (UWV) if their application is approved.

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November 3, 2019
Prince’s Day: Dutch Government Announces Tax & Business Plans for 2020

In accordance with long-standing practice, 17 September 2019 marked the annual Dutch Budget Day (also known as or “Prince’s Day”). On this third Tuesday of September, the new operating year of the Dutch government was initiated. The Dutch Minister of Finance, Mr. Wiebe Hoekstra, offered his National Budget Plan for the year 2020 to the Members of Parliament.

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September 30, 2019
INTAX EXPO 2019

CIS Management B.V. had successfully taken part in INTAX EXPO business conference during September 23-24 in Moscow.

The event was a two days’ working site for presentations and panel discussions topics and also provided a vast opportunity for networking and catching up.

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April 12, 2019
DUTCH UBO REGISTER  - DATE ANNOUNCED

As we have informed you earlier in our news alerts (on June 18, 2018 and April 16, 2016), the long expected UBO register is soon to be implemented in the Netherlands. The legislative proposal on this was finally submitted to the Dutch Parliament on April 4, 2019. The register is to be implemented in the Netherlands following the (Fifth AMLD) EU Directive 2018/843 of the European Parliament and the Council dd 30 May 2018, amending the (Fourth AMLD) EU Directive 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing.
It is the plan to have the UBO register as a part of the Trade Register of the Dutch Chamber of Commerce. UBO information will be generally publicly available, with certain restrictions.

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April 10, 2019
Implementation of the European Union Anti-Avoidance Directive 2016/1164

ATAD 1

Directive (EU) 2016/1164, laying down rules against tax avoidance practices, also known as the first Anti Tax Avoidance Directive, or ATAD 1, has been implemented by the Netherlands, with effect of January 1st, 2019.

This news alert briefly touches on a few changes in Dutch tax laws based on the implementation of ATAD 1.

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January 16, 2019
Dutch tax changes introduced since

Corporate income tax

Corporate tax is also facing changes: starting from 2019 corporate income in the amount of first EUR 200 0000 will be taxed at the rate of 19%, with the income over EUR 200 000 to be taxed at the rate of 25%. Further rate reductions are expected within the coming two years.

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