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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September 19, 2018
New 2019 tax plan announced in the Netherlands on Prince’s Day on September 18, 2018

Following a more than a century’s tradition, on September 18, 2018 the regular events due on the so-called Budget day (also known as Prinsjesdag, or “Prince’s Day”), always held on the third Tuesday in September, took place. On this day the government announces its affirmed tax plan for the coming year in the presence of the King of the Netherlands. Following the Speech of the King from the Throne, the parliamentary year is officially declared opened thereafter.

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August 3, 2018
Law enabling VAT grouping in force in Luxembourg

VAT grouping has a number of advantages: it reduces the costs of administration, just one VAT return has to be filed for the whole group, members of a group do not charge VAT for goods and services supplied to each other and VAT to be paid and to be received can be set-off between the members of the group.

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June 19, 2018
UBO register developments within the EU

As we have previously informed you through our newsletter, based on the fourth Anti-Money Laundering Directive (“AMLD4”) all EU Member States have to establish a register containing accurate information on the UBO’s of enterprises and legal entities (“UBO-Register”).

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June 18, 2018
An article on Ytech.....

An article by Maria Govorukhina, Commercial Director at CIS Management B.V., has been recently published on an Israeli web portal YTECHRUNWAY.COM, designed by a team from Yigal Arnon & Co., established nearly sixty years ago, which is one of the largest law firms in Israel with offices in Tel Aviv and Jerusalem.

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April 23, 2018
NEW EU DATA PROTECTION LAW

On 4 May 2016 the EU has published the General Data Protection Regulation (GDPR). The GDPR will be applicable as from 25 May 2018. Based on the GDPR the same data protection laws will apply in all EU Member States, save for some specific issues that the individual EU Member States may decide on or substantiate themselves.

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March 17, 2018
New EU tax-planning schemes directive

This week, the European Council has reached and agreement on the proposal related to increasing transparency in order to take control over aggressive cross-border tax planning structures and generally to take preventive measures in sphere of corporate tax avoidance. The proposal generally reflects action 12 of the OECD's 2013 action plan to prevent tax base erosion and profit shifting.

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January 22, 2018
30% tax-free income facility for foreign employees (30% ruling)

Under Dutch tax law an employer who hires foreign employees could grant a tax-free compensation for the so called ‘extraterritorial costs’. The extraterritorial costs include, for example:

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