In Europe, tax compliance is becoming more digital, and governments are introducing more e-filing systems. In the Netherlands, for example, the implementation of the EU's digital VAT system (e-invoicing and real-time reporting) will change how accountants handle...
👨💻 Big data in accounting. Big data analytics is expected to be used to identify trends, reduce errors, and provide deeper insights into financial performance. For instance, predictive analytics can help businesses forecast cash flow or market trends. Real-time...
On 5 December 2017, European Union (EU) finance ministers adopted a list of “non-cooperative jurisdictions for tax purposes” also known as ‘The Black List’. The list is part of the EU's work to counter worldwide tax evasion and avoidance. According to the EU, it will...
On October 25 2017 the Advocate General (“AG”) at the Court of Justice of the European Union (CJEU) published his opinion on the preliminary ruling request of the Dutch Supreme Court in two corporate income tax cases concerning the applicability of the so-called...
The anti-base erosion rule (art.10a CIT) denies deduction of interest on debt, directly or indirectly, owed to related entities or related individuals, if such debt is legally or de facto, directly or indirectly, connected with a 'tainted' transaction (such as certain...
On 19 September 2017, the Dutch government announced several bills containing tax law proposals. Under the legislative proposal (the “Proposal”) changes to the Dutch dividend tax act and the substantial interest taxation rules have been announced. This Tax Update will...
On 20 September 2016, The Dutch Ministry of Finance (“ the MF”) announced to be working on a new tax act (ultimately entering into force per 1 January 2018) which will have impact on the Dutch dividend withholding tax legislation. In general Dutch public and private...
On 20 June 2016 the EU’s Economic and Financial Affairs Council (“ECOFIN”) agreed on a draft Anti-Tax Avoidance Directive (“ATAD”). Rules in five different fields have been laid down: a) interest limitation rules; b) exit taxation rules; c) general anti-abuse rule...
The Dutch Supreme Court overturned a verdict by the Dutch High Court in which it limits the accountability of the limited partner (“Commanditaire Vennoot”) of a partnership (“Commanditaire Vennootschap”) in case the limited partner violates the management...