Netherland’s new coalition government’s tax plans, the latest Canadian and Australian Budgets and several EU developments are included in this month’s review by Tim Sarson (KPMG).
Tax announcements from Netherlands new coalition government
Almost six months after Geert Wilder’s Freedom Party (PVV) won the Dutch election on 15 May 2024 it entered into a coalition agreement to form a government with three other parties: the People’s Party for Freedom and Democracy (VVD) the New Social Contract (NSC) and the Farmer Citizens Movement (BBB).
The coalition has published its general agreement Hope courage and pride which provides insight on its tax plans. Measures of interest to corporates include:
increasing the generic interest deduction limitation for corporate income tax – currently the threshold is the higher of €1m or 20% of adjusted profit (EBITDA) – the coalition will increase the percentage to 25% (the EU average);...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Netherland’s new coalition government’s tax plans, the latest Canadian and Australian Budgets and several EU developments are included in this month’s review by Tim Sarson (KPMG).
Tax announcements from Netherlands new coalition government
Almost six months after Geert Wilder’s Freedom Party (PVV) won the Dutch election on 15 May 2024 it entered into a coalition agreement to form a government with three other parties: the People’s Party for Freedom and Democracy (VVD) the New Social Contract (NSC) and the Farmer Citizens Movement (BBB).
The coalition has published its general agreement Hope courage and pride which provides insight on its tax plans. Measures of interest to corporates include:
increasing the generic interest deduction limitation for corporate income tax – currently the threshold is the higher of €1m or 20% of adjusted profit (EBITDA) – the coalition will increase the percentage to 25% (the EU average);...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
