The Liechtenstein government issued a regulation on the minimum taxation of large groups of companies
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During its meeting of March 26, 2024, the government of Liechtenstein adopted a regulation on the minimum taxation of large groups of companies (The GloBE Regulation). The regulation serves to implement the global minimum taxation in accordance with the decision of the OECD/G20 Inclusive Framework on BEPS (Base Erosion and Profit Shifting).
Position of the Dutch tax authorities on the scope of substitution with respect to the participation exemption in case of a legal demerger
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On March 25, 2024 on the website of the Dutch tax authorities a position paper of the Knowledge Group reorganization facilities and fiscal unities answered the question whether the substitution of Article 14a of the Dutch Corporate Income Tax (DCIT) Act means that Article 13, Paragraph 16, of the DCIT Act applies to a 3% shareholding that was obtained through a legal demerger and that before the legal demerger was part of a 6% shareholding that the demerging legal entity held. (KG:032:2024:2).
De Nederlandse Hoge Raad wijkt af van het advies van de AG in de volgende artikel 10a Vpb - fraus legis zaak
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Op 22 maart 2024 is op de website van de Rechtspraak het bijzonder interessante arrest van de Hoge Raad in zaaknummer: 21/01534, [X] I B.V. tegen de Staatssecretaris van Financiën, ECLI:NL:HR:2024:469 gepubliceerd. Deze zaak betreft (wederom) een private equity overname waarbij de belastingplichtige de financieringslasten ten laste van de fiscale winst van de target wil laten komen.
The Australian Treasury opened 2 public consultations on draft legislation to implement Pillar 2 in Australia
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On March 21, 2024 the Australian Treasury opened 2 separate public consultations regard to sets of draft legislation to implement a global and domestic minimum corporate tax rate of 15% in Australia.
The opinion of the Advocate General in Case C‑39/23 (Free movement of capital – Difference in treatment of dividend distributions to resident and non-resident public pension funds)
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On March 21, 2024 on the website of the Court of Justice of the European Union (CJEU) the opinion of Advocate General Collins in the Case C‑39/23, Keva, Landskapet Ålands pensionsfond and Kyrkans Centralfond versus Skatteverket, ECLI:EU:C:2024:265, was published.
The opinion of the Advocate General in Case C‑585/22 (Deductibility of interest due on a loan predominantly motivated not by commercial considerations, but by the objective of creating a deductible debt)
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On March 14, 2024 on the website of the Court of Justice of the European Union (CJEU) the opinion of Advocate General Emiliou in the Case C‑585/22, X BV versus the Dutch Staatssecretaris van Financiën, ECLI:EU:C:2024:238, was published.
De belastingdienst heeft een kennisdocument gepubliceerd over kosten ter zake van de verwerving of vervreemding van een deelneming
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On 15 maart 2024 is een bijzonder interessant kennisdocument van de Kennisgroep deelnemingsvrijstelling op de website van de belastingdienst gepubliceerd. Het betreft een kennisdocument waarin aandacht wordt besteed aan de kosten ter zake van de verwerving of vervreemding van een deelneming. Het kennisdocument is gebaseerd op de stand van zaken van de jurisprudentie op 1 februari 2024.
The European Commission launched a consultation for the evaluation of the Council Directive on Tax Dispute Resolution Mechanisms
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On March 12, 2024 the European Commission he European launched a targeted consultation giving stakeholders the chance to give feedback on the functioning of the EU’s framework to help resolve cross-border tax disputes for businesses and citizens in relation to double taxation issues. The deadline for submissions to this consultation is May 10, 2024.
Nieuw besluit: “Vennootschapsbelasting. Verliesverrekening, toepassing artikel 20a van de Wet op de vennootschapsbelasting 1969” gepubliceerd
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Op 8 maart 2024 is in de Staatscourant van het Koninkrijk der Nederlanden een nieuw Besluit: “Vennootschapsbelasting. Verliesverrekening, toepassing artikel 20a van de Wet op de vennootschapsbelasting 1969” gepubliceerd. In het nieuwe besluit heeft de staatssecretaris een vijftal standpunten toegevoegd met betrekking tot de toepassing van dit artikel 20a. Het nieuwe besluit treedt in werking op 9 maart 2024. Het op 8 maart 2024 gepubliceerde besluit vervangt het besluit van 17 april 2020, nr. 2020-19072, dat wordt ingetrokken met ingang van 9 maart 2024.
De Nederlandse overheid heeft een consultatie geopend inzake een btw-herziening diensten onroerende zaken
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Op 5 maart 2024 heeft ‘de Nederlandse overheid een consultatie geopend inzake een aanpassing van de herzieningsregeling zoals die al geldt voor (on)roerende investeringsgoederen zoals opgenomen in de uitvoeringsbeschikking omzetbelasting 1968. De consultatie periode loopt van 5 maart 2024 tot en met 2 april 2024.
The opinion of the EESC on the Proposal for a Council Directive on Faster and Safer Relief of Excess Withholding Taxes has been published in the Official Journal of the EU
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On March 5, 2024 the opinion of the European Economic and Social Committee (EESC) on the Proposal for a Council Directive on Faster and Safer Relief of Excess Withholding Taxes has been published in the Official Journal of the European Union. The opinion of the EESC is positive with some recommendations.
During the G20 the director of the EU Tax Observatory advocated for the necessity of a globally coordinated 2% minimum tax on substantial fortunes
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During a press conference on February 29, 2024 Economist Gabriel Zucman, serving as Minister Fernando Haddad's special guest in the G20 debate on the taxation of large fortunes, advocated for the necessity of a globally coordinated minimum tax on substantial fortunes, set at a minimum of 2% annually.
The proposal for an unshell Directive is again missing in the provisional agenda of the next ECOFIN Council
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The next meeting of the Economic and Financial Affairs (ECOFIN) Council is taking place on March 12, 2024. The Agenda highlights and a provisional agenda for this meeting have been published on the website of the European Council/the Council of the EU.
The European Parliament adopted its opinion on rules to simplify and to make withholding tax refunds fraud-proof
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On February 28, 2024 in a plenary session the European Parliament adopted its opinion on the Proposal for a Council Directive on Faster and Safer Relief of Excess Withholding Taxes as presented by the European Commission on June 19, 2023. The European Parliament’s opinion, containing some changes to the Commission proposal, was adopted by 541 votes in favour, 36 against, and 23 abstentions.
Position of the Dutch tax authorities on the Portuguese Non-Habitual Resident regime and the residency for tax treaty purposes
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On February 20, 2024 on the website of the Dutch tax authorities a position paper of the Knowledge Group International Tax Law, individual income tax not being profits wage taxes or social security contributions, of the Dutch tax authorities was published (KG:041:2024:7). In this position paper the Knowledge Group takes a position on the impact of the Portuguese Non-Habitual Resident (NHR) regime for the residency under the Dutch-Portuguese tax treaty.
The OECD and IGF released the public comments they received on a draft toolkit to support developing countries in addressing BEPS risks when pricing minerals (lithium)
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On February 26, 2024 the OECD and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) released the public comments they received on a draft toolkit to support developing countries in addressing BEPS risks when pricing minerals (lithium).
Members of the European Parliament want a quicker application of new transfer pricing rules
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On February 22, 2024 the economic and monetary affairs committee of the European Parliament adopted its opinion on the proposed directive regulating transfer pricing (as released by the European Commission on September 12, 2023).
The EU updated its list of non-cooperative tax jurisdictions
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On February 20, 2024 the EU Member States decided to remove four jurisdictions – the Bahamas, Belize, Seychelles, and Turks and Caicos Islands – from the EU list of non-cooperative jurisdictions for tax purposes (Annex I).
The Inclusive Framework on BEPS released an Amount B report containing guidance on special considerations for baseline distribution activities
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On February 19, 2024 the Inclusive Framework on BEPS released an Amount B report which provides a simplified and streamlined approach to the application of the arm's length principle to baseline marketing and distribution activities, with a particular focus on the needs of low-capacity countries.