• Service: Tax, International Executive Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 7/8/2013

Netherlands - Increased depreciation allowed for second half of 2013 

July 8: An amendment to the depreciation rules in the Netherlands is effective 1 July 2013, and allows business taxpayers making new investments during the second half of 2013 to claim an immediate “bonus” depreciation of up to 50% of the acquisition or production costs of the investment.

The temporary “bonus” depreciation rules (published 2 July 2013) apply for depreciation on investments made between 1 July 2013 through 31 December 2013.

The new depreciation provision is generally based on a provision that applied to investments made during 2009, 2010 and 2011.

The new depreciation provision is available to corporate income tax taxpayers and businesses subject to individual (personal) income tax.

Under the new rule, the depreciable basis in the second half of 2013 is maximized at 50%. Contrary to the prior rule on temporary “bonus” depreciation, this time, the election to depreciate up to 50% of the acquisition or production costs can be made only in the year when the taxpayer entered into a purchase obligation or the year when the production costs were incurred—i.e., the second half of 2013.

Depreciation in subsequent years will be made under the “ordinary” depreciation methods.

Read a July 2013 report prepared by the KPMG member firm in the Netherlands: Further explanation on rules for temporary free depreciation 2013

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