August 17, 2013

Dutch government introduced a new benefit for businesses allowing them to utilize accelerated amortization on new assets

On 24th June 2013, the Dutch government introduced a new benefit for businesses allowing them to utilize accelerated amortization on new assets acquired between 1 July 2013 and the end of the year. This is one of the measures introduced by the government to stimulate recovery of the economy.

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August 15, 2013

A new DTT between the Netherlands and Germany which is to replace the original DTT dated back to 1959 enters into force on 1 January 2014. The new treaty is aligned to OECD model representing an internationally recognized standard. New clauses have been implemented with a view to eliminating situation where income is taxed in neither state.

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