Category: Economic News
International Corporations Provide Thousands of New Jobs in the Area of Amsterdam
In 2017 a total of 143 international companies opened offices in Amsterdam’s urban area. The city remains a popular choice for foreign companies planning to develop their businesses in Europe. It is estimated that for the next 3 years these corporations will create 2700+ jobs. Amsterdam offers thousands of jobs In 2017 the expansion of […]
Extended Exemption from Dutch Withholding Tax on Dividends
On September 19, 2017 (Budget Day in the Netherlands) an official legislative proposal for amendment of the Dutch withholding tax on dividends was published in connection to the Tax Plan for 2018. In summary, the proposal referred to a broadened exemption from withholding tax on dividends applied unilaterally with the aim to maintain the favourable […]
Holland is the Second Largest Agricultural Exporter in the World After the USA
The Dutch sector of agriculture has succeeded to maintain its position as the second largest exporter in the field of agriculture. For 2017, the total value of agricultural exports reported by the Central Bureau of Statistics (CBS) is 113.5 billion US dollars or 92 billion Euros, which is 7% more in comparison to 2016. Thus […]
Dutch Economy to Grow in Upcoming Years
The economy of the Netherlands is increasing in strength with the most recent forecast of the Dutch Bureau analysing economic policy (CPB) predicts economic growth of 3.2% in 2018 and 2.7% in 2019. An economic boom The Central Economic Plan for 2018 prepared by CPB forecasts the economic situation in the Netherlands this year and […]
The Dutch Government Combats Tax Evasion and Avoidance
The Dutch government has decided to support a new policy on taxes proposed by Menno Snel, State Secretary of Finance and to take action with respect to the first priority on the agenda: stop tax evasion and avoidance. For the coming years, the policy includes 5 priorities: to stop tax evasion and avoidance; to reduce […]
The Government of the Netherlands Embraces Innovation
The national government provides support to companies developing innovative products by means of grants, innovation credits and tax benefits. The European Union also offers different grants for innovation. Innovations create opportunities Inventive businesses can participate in the quest for solutions concerning fundamental social issues, such as population ageing, deadly diseases and food security. The development […]
Everything You Need To Know About The 30% Ruling
As an expat, one incurs significant costs, especially upon relocation. Depending on the situation, an expat may have to pay for visa, residence permit application, driving licences, Dutch courses, housing and bills. The 30% ruling is created to mitigate the negative effects of these expenses on one’s income. Conditional on eligibility, the 30% rule means […]
Amsterdam, a Top Location for Foreign Companies
For three years now an unprecedented number of firms have set up a new business in Amsterdam. Only in 2016, more than 150 multinational corporations have opened locations in the metropolitan area of the Dutch capital. This is a sign that Amsterdam is not only the prime business hub of the Netherlands but of the continent […]
5 Best EU Countries for Corporate Tax
The Dutch newspaper “Het Financiële Dagblad” (The Financial Daily) has recently conducted research showing that the average amount large EU enterprises spend on corporate tax equals 23.3 percent of their profit. The authors analyzed the tax liabilities of 25 companies - the biggest on the Stock Exchange in Amsterdam - including Unilever, Heineken, ING Group […]
How Developed Countries Collect Taxes on Bitcoin
During the past decade virtual currencies, such as Bitcoin, Qtum, Litecoin and Ethereum, have become increasingly popular. They are currently used as both methods for payment and investment instruments. The emergence of cryptocurrencies led to a legislative vacuum that had to be replaced by adequate regulations. The present publication focuses on Bitcoin (by far, the […]
Netherlands Tax Haven of Europe
If you would ask a regular Joe in the streets in the Netherlands, he would probably not define the Netherlands as a 'tax haven'. However, for some companies, the Netherlands was regarded as a tax haven. The taxation system in the Netherlands focuses on attracting foreign capital, and a great way to do this, is […]
Can Tax Authorities Identify Cryptocurrency Owners?
Capital gains from transactions in cryptocurrencies such as Bitcoin are increasingly becoming taxable in countries worldwide. Therefore taxpayers are under the obligation to include cryptocurrency transactions in their yearly tax returns. Non-compliance may lead to serious penalties. This raises the question whether tax authorities are able to adequately identify cryptocurrency owners in order to collect […]
