• Service: Tax, Global Indirect Tax, Global Mobility Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 9/19/2012

The Netherlands - Tax proposals unveiled on budget day  

September 19:  The Dutch caretaker Cabinet presented the Tax Plan 2013 to the Lower House on 18 September 2012—budget day.

The Tax Plan 2013 includes six bills (including the plan itself). Concerning corporate income tax, the proposals include measures to:

  • Repeal the thin capitalization rules (for financial years beginning on or after 1 January 2013)
  • Provide that remuneration paid to non-resident directors is subject to Dutch corporate income tax (provided not subject to an income tax treaty)
  • Create a flex private limited liability company (Flex BV) to make it possible to issue shares without voting rights or profit entitlement

Other proposals would:

  • Tighten up the interest deduction rules for new mortgages
  • Impose tax on commuting allowances and reimbursements—a commuter tax
  • Revise the individual (personal) income tax rates

Also there are measures concernign the real estate transfer tax.

Read a September 2012 report [PDF 223 KB] prepared by the KPMG member firm in the Netherlands: Cabinet presents tax measures for 2013 on Budget Day

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