This is a thought leadership article by PrimeGlobal member firm ABAB which discusses the 15th September 2020 Budget Day in the Netherlands. Below you can find a comprehensive summary of the most important fiscal changes for 2021.
Changes in the International Area
- Conditional withholding tax on interest and royalties
- Hybrid mismatch measures and general limitations of interest deduction
- Conditional final settlement for dividend tax
- Repeal of decision to prevent double tax on (supervisory) directors’ remuneration
- Prevention of exemption due to a specific limitation of interest deduction
- Reduction of liquidation loss scheme
- Announcement of proposal law for adjustment of withholding tax on corporate tax
- Announcement adjustment at arm’s-Length principle
Changes regarding corporation tax
- Corporate income tax rates
- Limitation of liquidation loss scheme
- Withholding tax on dividend, interest and royalties
- Corona measures in corporation tax
Innovating sustainably
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ABAB Accountants and Consultants
ABAB is a full-service accounting, tax advisory and consultancy firm. The firm was established in 1924 and, today, has over 700 staff members in 15 offices throughout the southern region of the Netherlands. ABAB’s operations are unique due to our wide range of services and our client-service formulas. We are committed to providing the service most suitable to all our clients, whether they are small or large, national or international-based companies. Our clients are primarily unlisted companies, institutes, organisations in the non-profit sector and high net worth individuals.
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