On December 17th, 2019, the Senate adopted the bill for the implementation of the EU directive for reporting cross-border constructions. The new law follows a series of previously taken measures by the Tax Authorities to improve fiscal transparency.
The intention was to have the UBO register enter into force on January 10th, 2020. The bill is still being considered by the Senate and will be processed further on January 28th. The government wants the UBO register to start in spring of 2020.
Considerations and recommendations in granting a statutory basis to the issue of profit certificates.
Minister of Legal Affairs, Sander Dekker, wants to put an end to the malpractices related to the so called “turbo liquidation” of legal entities.
It is clear that a shareholders’ agreement has its effects within the formal regulations of a company.