Budget Day (‘Prinsjesdag’) is an annual Dutch tradition that takes place on the third Tuesday of September each year, during which the Dutch government launches its plans for the coming year, including financial plans.

Since the European Court of Justice’s ruling in November 2022, the Dutch UBO-register has been inaccessible to the public. Limited access was granted to statutory directors and UBOs themselves, but it was only possible to view the registered information; obtaining a certified extract was not possible.

Starting from 1 July 2024, Dutch employers with 100 or more employees are obliged to report on the business traffic and commuting of employees. Employers with fewer than 100 employees may submit the report on a voluntary basis without obligation.

The European Union has adopted the Corporate Sustainability Reporting Directive (Directive 2022/2464), which the Member States need to implement by 6 July 2024.

According to the Dutch Central Bank, only 15% of the value spent at point-of-sale locations were paid in cash in the Netherlands in 2022, which is much lower than the proportion back in 2013, when 57% of the total value was paid in cash. In 2022, card payments made up 70% of all payments, followed by mobile app payments (10%) and other payment methods (5%).

Several financial changes are implemented in the Netherlands from the beginning of 2024. You can read below how these changes might affect your business.