On December 6th, 2017 CIS Management B.V. in partnership with Buren N.V. held a webinar on “THE NETHERLANDS AS THE GATEWAY TO MULTINATIONAL BUSINESS”.

CIS Management B.V. is honored to announce that recently the company became a member of NVVTK (Nederlandse Verenigingvan Trust Kantoren, http://www.nvvtk.nl/). NVVTK is a Dutch Association of trust offices which is established in June 2017 with the aim to strengthen communication between trust offices

When it comes to current practice of Dutch VAT tax team, the regulations and treatment are no longer as flexible as it was in the past. Recently a VAT fiscal unity request was denied by the Dutch tax authority under an argument: the management agreements are not “genuine”.

A long-expected Dutch government coalition has been recently formed, presenting their policy agenda for the coming years in the coalition agreement on October 10, 2017.

CIS Management B.V. would like to officially introduce Mrs. Yolandi Jordaan, who has recently joined the company as the Chief Accountant and since then has been sharing her professional experience and knowledge with the members of our accounting team while working on major projects of the company’s key clients. Prior to becoming a CIS Management B.V. team member Mrs. Jordaan had been employed for several years by one of the top 4 Dutch trust companies, Amsterdam office. Yolandi moved to the Netherlands from South Africa in 2013 where she has studied accountancy and taxation and worked as an auditor and later on as a tax specialist at PricewaterhouseCoopers for 6 years.

Despite the sanctions the export by Russia of Dutch goods remains to grow rapidly. In the period from January to July 2017 the Dutch export to Russia amounted Euro 3,2 billion, 35% more than in the previous year. This on the basis of information of the Dutch Statistical Agency.

CIS Management BV is delighted to announce Yulia Karpova as the new managing director of the company as per 2 October 2017 following her approval by the Dutch Central Bank. Her proven track record, international experience, legal and compliance knowledge and professional network are of great value for the company. Yulia joined CIS Management BV in 2015 as internal compliance officer and senior legal counsel.

During summer 2017, 70 countries committed to sign a new pact tackling tax avoidance, which should theoretically resolve some of the current difficulties in the area. The topic gained special attention in the light of the recent discussion around Google case, whereby the French authorities insisted that Google’s activities in the country amounted to “permanent establishment” and therefore claimed more than EUR 1.1 bn in back taxes. French authorities took a more aggressive approach as compared to the largely criticized decision brought last year by the UK, reaching a deal with Google. The judgement was unfortunate for the French authorities and the appeal is upcoming.

Tax budget proposals for the fiscal year 2018 was announced on September 19, 2017, by the Dutch Ministry of Finance. According to the paper, several amendments to tax law should enter into force as per January 01, 2018, if approved. Most importandly for business - the Dutch Dividend Withholding Tax Act.

In March 2017, following a request on the basis of the Act on public access to government information, the State Secretary for Finance published the memorandum ‘The APA/ATR practice, a memorandum regarding the most frequently occurring appearances’ (‘De APA/ATR-praktijk, notitie over de meest voorkomende verschijningsvormen’). The memorandum provides insight from a tax viewpoint into the interpretation of many frequently occurring international structures.