Insights

On 8 December 2022, the European Commission made public its “VAT in the Digital Age” (ViDA) proposal. It contains ambitious VAT reforms,

This articles gives an overview of VAT for the digital age (ViDA) package agreed by the EU in the end of the 2024. Those new rules mark an important step to more uniform digitized VAT system in the EU.

It is crucial for businesses to take proactive steps to ensure compliance with Pillar Two requirements.

The European Commission introduced the ‘Fit for 55-package’: an European Union that is climate-neutral per 2050 and 55 percent less emission of greenhouse gases in 2030 (compared to 1990).

From January 1, 2025, the regulations regarding correcting VAT returns will change. Have you declared too little VAT (or too much)? Then you are required to correct this within eight weeks of discovery with a supplementary VAT Return.

The Dutch Ministry of Finance published on 10 December 2024 two policy decisions nr. 2024-13975 and nr. 2024-13987 about holding companies' deduction rights and the inclusion of holding companies in the VAT group.

Firms are continuously being drawn by the commercial opportunities presented by sustainability. Consumers want to support brands with strong credentials, while investors are increasingly conscious of the long-term value it can provide. As such, companies are increasingly involved in sustainability principles to achieve goals beyond merely enhancing their reputation.

In the last years we had multiple changes regarding the benefits of the 30% ruling. Per 14 November 2024 the announced changes have been adapted by the House of Representatives (“Tweede Kamer”) as part of the Tax Plan 2025. The Tax Plan 2025 is now subject to the final approval of the Senate (“Eerste Kamer”) which will take place in December.

The Council of the EU officially adopted the FASTER Directive on 10 December 2024. But what is coming up?

Per November 2023 and June 2024, the Netherlands has implemented new changes to the EU Blue Card. There are 5 major changes to the previous EU Blue Card rules.

Companies within the scope of CSRD are required to report on material topics transparently. While the CSRD framework does not specifically mention ‘tax’, this does not mean that tax is irrelevant as a reportable entity-specific topic.

On 7 November 2024, the District Court of the North Netherlands ruled that a tax interest rate of 8 percent on an assessment from 2021 is unreasonably high.

The ViDA package has been formally approved by the EU's ECOFIN!

On 12 September 2024, the Court of Justice of the European Union (ECJ) gave its decision in Case C-248/23 stating that a business which must pay to the state insurer a portion of its revenue obtained from its sales of medicines, may reduce its taxable amount by these payments.

Following the launch of our first EU Direct Tax newsletter in July 2023, Grant Thornton is excited to present the third review of the EU Direct Tax Initiatives. This edition aims to keep you informed about upcoming EU Direct Tax developments and their potential implications for your business.

The FASTER Directive seeks to simplify WHT procedures for dividends and interest payments on publicly traded instruments to non-resident investors within the EU. Its goals are to encourage cross-border investments, enhance European capital markets, and provide better protection against tax fraud and abuse.