CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Netherlands Announces 2019 Fiscal Agenda

Netherlands Announces 2019 Fiscal Agenda

by Ulrika Lomas,, Brussels

31 May 2019

On May 28, 2019, Dutch State Secretary for Finance Menno Snel issued an update on the Government's 2019 fiscal agenda, which includes an outline of tax legislative proposals that the Government intends to submit to parliament in the remainder of the year.

According to the document, in the second quarter of 2019, the Government intends to submit the following proposals to parliament:

  • a bill for a minimum CO2 price for electricity generation;
  • a bill to introduce a national aviation tax; and
  • legislation implementing the second European Union Anti-Tax Avoidance Directive (ATAD 2) regarding hybrid mismatch arrangements.

In the third quarter of 2019, the following measures will be submitted to parliament:

  • a bill transposing the requirements of the EU directive on the mandatory disclosure of, and exchange of information on, tax avoidance arrangements;
  • a bill to tackle excessive deductions for intra-group borrowing; and
  • the 2020 Tax Plan, which includes proposals to introduce a conditional withholding tax on royalties and interest from 2021 paid to "tax havens" and the EU VAT rule quick fixes proposed by the EU, pending the implementation of the definitive VAT regime.

The four short-term VAT "quick fixes" cover:

  • Call-off stock. The proposals provide for a simplified and uniform treatment for call-off stock arrangements, where a vendor transfers stock to a warehouse at the disposal of a known acquirer in another member state;
  • The VAT identification number. To benefit from a VAT exemption for the intra-EU supply of goods, the identification number of the customer will become an additional condition;
  • Chain transactions. To enhance legal certainty in determining the VAT treatment of chain transactions, the proposals establish uniform criteria;
  • Proof of intra-EU supply. A common framework is proposed for the documentary evidence required to claim a VAT exemption for intra-EU supplies.

The Government will this year also consider measures to ease the taxation of stock options for start-up companies by deferring tax when options are converted into shares. The Government said that if an agreement is reached on these proposals a bill will be introduced on Budget Day in 2020.

TAGS: Finance | tax | value added tax (VAT) | Netherlands | tax avoidance | interest | royalties | aviation | legislation | transfer pricing | Europe | Tax | BEPS

To see today's news, click here.


Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »

Stay Updated

Please enter your email address to join the mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.

To manage your mailing list preferences, please click here »