Tag Archives: dutch

by Ulrika Lomas, Tax-News.com, Brussels 03 July 2013 The Dutch Council of Ministers has adopted a proposal, submitted by Dutch Financial State Secretary Frans Weekers and Economic Affairs Minister Henk Kamp, allowing entrepreneurs to immediately deduct from tax half of corporate investments made between July 1, 2013 and the end of the year. According to the Dutch Finance Ministry, the measure will enable business owners to reduce their tax payments over the course of the next few years, thereby creating extra scope for investment totalling around EUR400m (USD522m). Both companies subject to corporation tax and firms currently paying income tax in the Netherlands will be able to benefit from the accelerated depreciation provision, provided that the investment, for example a machine, is used by January 1, 2016. Defending the decision, the Finance Ministry alludes to worrying figures released by the country’s Central Statistics Office, showing that corporate investment fell in the first quarter of 2013 by almost 8 percent. The Dutch Central Planning Bureau had anticipated a decline in investment of 10 percent for the whole of 2013, the Ministry explains. Welcoming the decision, Financial State Secretary Weekers stressed that the accelerated depreciation provision will help liquidity and give a much-needed boost right now to investment. Such a move will not only benefit entrepreneurs in the Netherlands, but the Dutch economy as a whole, Weekers ended. . Continue reading →