Does your client have a Dutch holding (finance) company or Dutch operations which are held by a foreign holding (finance) company with a limited function? If the answer is yes, it is important to consider the substance requirements. For tax purposes, the substance requirements are probably more relevant than expected!
News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)
The February newsletter provided general information about the Application of the EU Taxonomy Regulation. In this month’s newsletter, we go into more detail on the procedure – the taxonomy-eligible activities, including green activities, enabling activities and transition activities.
The Finance Act for 2023 has been published. It increases the income tax scale by 5.4% and phases out the CVAE by 2024. Read the four main points below.
News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)
With the new Corporate Sustainability Reporting Directive (CSRD) comes the obligation to apply the EU Taxonomy Regulation. The determination of taxonomy-eligible and taxonomy-aligned economic activities as well as the identification and disclosure of the environmental taxonomy ratios subject to mandatory reporting, are no easy task. I would like to briefly present to you what the EU Taxonomy Regulation was made for and how to proceed in its application.
News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)
The CSRD was finally adopted on December 14, 2022. European member states now have 18 months to transpose the directive into national law. Since it contains almost no member state options, the CSRD will be reflected almost 1:1 in the national laws of the member states.
In Germany, the EU Directive DAC7 has been implemented and included as part of the German tax law. How could the shortened submission deadlines and extended penalties affect you?
News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)
Regarding sustainability, which topics are relevant can differ massively from company to company. A manufacturing company, for example, places more emphasis on occupational safety and employee health. At the same time, for a swimming pool operator, the energy balance and the elimination of chemicals for water purification are very relevant.
The AGN Taxpresso is a quarterly publication designed to give you a better understanding of the Asia Pacific (AP) region.
News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)
A good sustainability report offers companies many advantages; It provides information to stakeholders and ensures transparency. It serves as a central instrument for controlling all processes in sustainability management. It makes employees more aware of the issue of sustainability.
In Switzerland, new provisions on inheritance law will come into force on 1st January 2023 – What does this mean?
The new provisions will increase the available quota (of one’s property one can dispose of) for testators to plan their assets and beneficiaries. This allows testators to have a larger share of their estate available, e.g. for non-legal heirs.