Insights

Starting in 2024, a new law for a global minimum profit tax for internationally operating companies will apply in the Netherlands: the 2024 Minimum Tax Act (Pillar 2).

On the 17th of May 2023, the European Commission put forward the proposals for the reform of the EU Customs Union (‘EU Customs Reform’) to be implemented step-by-step starting in 2028.

As of January 1, 2023, new rules apply to counter the practice of substantial interest holders from borrowing funds from affiliated companies instead of distributing.

On 8 December 2022, the European Commission published a new proposed directive. In this proposal, crypto-asset service providers will be required to report information of crypto holdings of their users to European tax authorities. On 16 May 2023, political agreement was reached between EU Member States. The expected entry into force of the proposed directive is 1 January 2026.

On May 16th 2023, the Council of the European Union (the Council) convened an Economic and Financial Affairs Council (ECOFIN) meeting, during which the finance ministers of the European Union (EU) reached a significant milestone. They achieved a political consensus (general approach) on a compromise text for the Directive on administrative cooperation, which implements the rules of the Organisation for Economic Co-operation and Development (OECD) regarding reporting for crypto assets. Additionally, amendments to the Common Reporting Standard (CRS) were included in this Directive, referred to as DAC8.

In the recent spring, note the Dutch government has announced an amendment in relation to the earnings-striping rule to tackle fragmentation behavior of specifically real estate investors. What does the amendment mean for real estate investors?

The Dutch Minimum Tax Act, also known as Pillar 2, will come into effect on January 1st, 2024. These new rules will be applicable to multinationals with a revenue of over 750 million euro. With the implementation of the global minimum taxation, a lot of (new) administrative obligations will be introduced, including new deadlines and filings. In this memo, we will provide some insight into these filing and deadline requirements.

On December 8, 2022, the European Commission (EC) proposed new rules regarding tax transparency for all service providers facilitating transactions in crypto assets for customers located in the European Union . These rules are in addition to the regulation concerning markets in crypto assets and anti-money laundering rules. What do these new rules mean for you?

In 2013, the province of Limburg founded the Limburg Energy Fund (LEF). This fund was tasked with financing promising projects that focused on energy conservation, sustainable energy generation, the circular economy, and the remediation of asbestos. During

Crazy about chocolate, serious about people: Tony’s Chocolonely is doing everything it can to make the chocolate world 100% slavery-free. Tony’s Chocolonely wants to achieve maximum social impact and Impact House helps them measure their progress so that they can achieve this goal. We love this kind of work!

The context in which libraries used to operate has changed: from primarily lending out books, it has gone to hosting meetings, personal development activities and providing support facilities.

Coastal communities all around the world are threatened by the consequences of climate change. Nature-Based Solutions (NBS) can play an important role in improving coastal resilience, through such means as mangrove restoration, for example.

The DOEN Foundation believes that a green, social and creative society is possible. That is why it contributes to innovative initiatives that bring this goal closer to realisation.

To meet a refugee is the best way to break down prejudices and be reminded of our common humanity. The Dutch Council for Refugees is making this possible with a project called Bekend maakt Bemind (Being Known becomes Being Loved).

This article focusses on the latest developments in e-invoicing and the European Commission’s “VAT in the Digital Age” proposal (ViDA). More specifically, it looks at responses and assessments of the ViDA from the EU institutions and from the EU Member States (MSs). In addition, the article gives an overview of the latest EU country developments in the e-invoicing and digital reporting. It concludes with a view on the expected further developments.

Our article “Information obligation for online platforms” of 21 July 2022 provided an overview of VAT obligations of platforms and new requirements for platforms to provide information about their sellers (DAC7). In this article, we not only take a look at the proposed EU rules for platforms, but also explain the recent EU Court of Justice (ECJ) decision over VAT liability of platforms. We begin with an high-level overview of the existing VAT rules for platforms.