Obligation to report cross-border constructions

On December 17th, 2019, the Senate adopted the bill for the implementation of the EU directive for reporting cross-border constructions. The bill requires intermediaries to report cross-border constructions that are used for tax avoidance to the Tax Authorities....

Implementation of UBO register postponed

On December 10th, 2019, the House of Representatives approved the bill for the implementation of the UBO register. The intention was to have the UBO register enter into force on January 10th, 2020. This planned introduction will not be achieved. The bill is still...

Transparency of Turbo Liquidations

Minister of Legal Affairs, Sander Dekker, wants to put an end to the malpractices related to the so called “turbo liquidation” of legal entities. The Tax authority observed several inconsistencies based on figures from the period 2010-2016, with one in five turbo...

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