Rotterdam International Center’s Post

With the first Belgian resident tax return filing deadlines now behind us, Vialto Partners Belgium takes the time to reflect and to prepare for the next upcoming tax return deadline of 16 October 2024 for ‘complex’ tax returns. Furthermore, in the light of the 2024 government formation Vialto Partners Belgium is looking ahead to some of the proposed (federal) tax measures, which may ultimately come into effect in 2025. Want to know more ? Check out our newsletter via https://lnkd.in/edZxTgBY Vialto Partners Belgium #taxreturns #globalmobility #taxmeasures

Curious about what happens after filing your taxes in the Netherlands? Here's what to watch for: 1️⃣ Verification: Ensure all details in your declaration are accurate. Mistakes can delay processing or affect your tax outcome. Keep documents at hand in case the Dutch tax authorities require more information. 2️⃣ Confirmation: A confirmation of receipt will be visible on the website of the Dutch tax authorities (Belastingdienst). This indicates your return is in their system and being processed. 3️⃣ Assessment: If you filed before the 1st of April you can expect to receive an assessment before the 1st of July detailing any taxes owed or refunds due. If you have filed beyond the 1st of April you will usually receive a provisional assessment with 3 months. Be mindful that sometimes it may take longer. Stay tuned for a provisional assessment detailing any owed taxes or refunds 4️⃣ Patience: Processing times vary, so patience is key. As soon as the Dutch tax authorities have sufficient information to issue a provisional assessment, you will receive a letter. 5️⃣ Refunds: If eligible for a refund, it typically arrives within a week after the assessment date. Keep an eye on your bank account! Do you have questions about your tax status or refund? Schedule a call with us here: https://bit.ly/43OJgBk and we'll happily help! #DutchTax #TaxRefunds #TaxAdvice #Netherlands #Expats

INTERNATIONAL TAX PLAZA - 2 Tax items are on the provisional agenda for the ECOFIN Council meeting of May 14, 2024 The next meeting of the Economic and Financial Affairs (ECOFIN) Council is taking place on May 14, 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 following 2 tax items are mentioned on the provisional agenda. But again the proposal for an unshell Directive is not mentioned on the provisional agenda. https://lnkd.in/emyM3ehA

Wondering about the Dutch tax timeline? Here are the first three items to expect after filing your taxes: 1️⃣ Filing: After submitting your tax return, you will NOT receive a confirmation from the Dutch tax authorities (Belastingdienst). When you have done the declaration yourself, you will be able to see this in the portal of the Dutch tax office. Otherwise, your tax advisor, will be able to provide proof of filing the declaration. 2️⃣ Preliminary Assessment: 


After submitting your Income tax declaration, the Dutch tax office, will most often issue a preliminary assesment, also know as a provisional assessment, as a first step. This can give you a good indication of the tax due or receivable. Individuals who have submitted their income tax declaration before the 1st of April should expect to receive an assessment from the Dutch tax office before the 1st of July detailing any taxes owed or refunds due. If you have filed beyond the 1st of April the Dutch tax office will usually issue a preliminary assessment with 3 months. Be mindful that sometimes it may take longer. 3️⃣ Correspondence / Request for information: Before the Dutch tax office can give you a final assessment, you may receive mail requesting additional information, clarification or documentation to support what you have filed. Don't worry, for some items of the income tax declaration, this is routine! Navigating Dutch taxes can be complex, but with our expertise, you're in good hands. Questions? Schedule a call with us: https://bit.ly/3WivtRU . #DutchTax #TaxTimeline #Expats #TaxAdvice #NetherlandsTax

📣 EY Tax alert: 𝗕𝗲𝗹𝗴𝗶𝘂𝗺 𝗵𝗼𝗹𝗱𝘀 𝗽𝘂𝗯𝗹𝗶𝗰 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗣𝗶𝗹𝗹𝗮𝗿 𝗧𝘄𝗼 𝗱𝗼𝗺𝗲𝘀𝘁𝗶𝗰 𝗺𝗶𝗻𝗶𝗺𝘂𝗺 𝘁𝗮𝘅 𝗿𝗲𝘁𝘂𝗿𝗻   The Belgian tax authorities requested feedback from stakeholders in order to improve and clarify the Pillar Two domestic minimum tax return (DMTT).   🗓️ Stakeholders are invited to share comments and suggestions by 8 November 2024! Know more by reading the extended Tax alert.   #EY #EYBelgium #InternationalTax #CorporateTax #PillarTwo https://lnkd.in/eRXWdsX7

Our tax experts, Michiel Schul and Laurens Hoek, contributed an insightful article, "Impact of the Dutch 2025 Tax Plans on U.S. Parties," to the latest edition of Tax Notes. In this article, Michiel and Laurens break down how the 2025 Dutch tax proposals could benefit U.S. multinationals and asset managers with Dutch entities. Key topics include: ➡️ Changes to the Dutch earnings stripping rules. ➡️ Amendments to the ‘subject-to-tax rules’ in interest deduction limitation rule (article 10a) and the participation exemption to recognize the Pillar Two (P2) levy in a particular jurisdiction as ‘tax paid’. ➡️ Incorporation of new P2 OECD Administrative Guidance under P2 in Dutch tax law. This includes changes on the P2 treatment of new categories of tax credits, the substance-based income exclusion and hybrid arbitrage arrangements entered into after December 15, 2022. ➡️ Positive changes to the conditional withholding tax rules by the introduction of a narrower group concept (the so-called ‘qualifying unit’). This is good news for US asset managers with investment platforms in the Netherlands. ➡️ Changes to the Dutch entity classification rules. These rules are generally positive news as they are expected to reduce the number of hybrid mismatches in an international context. The new entity classification rules were already adopted last year but will become effective on January 1, 2025. Want to check how these developments impact your structure? Read our article here: https://lawand.tax/4938izh #lawandtax #InternationalTax #USNetherlands #2025Dutchtaxplans

Tax time is rapidly approaching! Whether a temporary assignment or a permanent move, cross-border taxes can can get hairy. This article from Pat Jurgens with AIRINC does a great job explaining the rules. 👇👇👇 https://lnkd.in/gmH2nsJ2

Dutch Tax Plans for 2025 were published, with many measures to support a strong business climate in the Netherlands ! And also some interesting developments in my favourite area, withholding taxes, with the introduction of a new concept of cooperating group that should resolve withholding tax uncertainty for many hybrid entities !

Public Consultation on Draft Domestic Minimum Top-Up Tax Bill, 2024 The Government of The Bahamas has released the draft Domestic Minimum Top-Up Tax Bill, 2024, for public consultation. This significant legislation proposes the implementation of a Qualified Domestic Minimum Top-Up Tax (QDMTT) on large multinational enterprises (MNEs) with an annual turnover of at least €750 million. This measure aligns with the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) Pillar 2, ensuring that in-scope MNEs pay a minimum effective tax rate of 15% on profits in every jurisdiction they operate. The Government is seeking public input on the draft legislation by September 16, 2024, to finalize the Bill for submission to Parliament by October 9, 2024. For more information on the draft Domestic Minimum Top-Up Tax Bill, 2024 and Consultation Paper, please visit https://lnkd.in/eEuKG_ac. To submit your feedback, please use the comment box on the website and email your responses to the Financial Secretary at [email protected].

Internationale Fiscale Actualiteit n° 2024/06 is out! And in this extra large edition we have no less than 4 very interesting articles. Wouter Strijckers and Chiara Storms (Alongsight) give us a state of play on Pillar One Amount B (nowadays called “simplified & streamlined approach”) Filip Debelva and Glynn C. Cooreman (KULeuven) analyse the Ghent court of appeal’s decision of 5 November 2024 on the applicability of the Belgian-Luxemburg double tax treaty on the annual tax on collective investment institutions (better known as “abonnementstaks/taxe d’abonnement”). Would this decision stand the test by the Supreme Court? Tom Hamen and Katerina Dimitrova (Loyens & Loeff Luxemburg) give us an overview of the different proposals with important impact on the Luxemburg tax law (ranging from changes in the minimum net wealth tax regime, the participation exemption regime, tax reduction for companies and individuals, …) And last but not least we also are looking to our neighbours in the north: Mark Foesenek and Cora Oostvogels (Van Oers) describe us the Box 3 – story. Box 3 was introduced in 2001 and very harshly criticized by the Hoge Raad in 2017. The Dutch government has been trying to adapt the tax regime so that it is acceptable by its highest court. And it is clear … they are not their yet!