At Forvis Mazars, we inform you about the recent developments and rules and regulations that can have impact on you or your organisation. Would you like to minimise your risks and maximise your opportunities? We have listed several noteworthy news items that can be of use to you.
Entrepreneurs seize their opportunity in the industry’s scaling and consolidation
11 May 2022 – The demand for logistic services is constantly growing. Both the corona crisis and high fuel prices are affecting the profitability of companies in the logistic sector. Developments such as digitalization, cybersecurity and sustainability also require significant investments. The Transport and logistic sector remains popular in the M&A market. Entrepreneurs in this sector see a great opportunity for a sale, which is reflected in the number of acquisitions in the sector. This exceeds the level of 2019; a further consolidation of the logistic sector is forthcoming.
Column Pieter Tra | Samen op weg naar de zomer
11 mei 2022 - De maand mei is bekend van het gezegde; ‘In mei leggen alle vogels een ei’. Het is een mooi gezegde, maar klopt die wel? Het betreft een weerspreuk die kijkend naar de natuur weerlegd kan worden. Lang niet alle vogelsoorten leggen in de maand mei hun ei. Dat hangt af van verschillende variabelen, zoals de soort vogel of het klimaat waarin vogels eieren leggen.
Changes to taxation of box 3
2 May 2022 – Following the Christmas ruling by the Supreme Court on the current box 3 system, the State Secretary of Finance sent a memorandum to the Second Chamber on Friday, April 15, outlining the contours of the new box 3 system. This memorandum introduces a capital gains tax, in which the actual return achieved on assets in box 3 is taxed. In this update, we will discuss the proposed changes that may be of importance to box 3 taxpayers (i.e. anyone with more than €50,000 in box 3 assets).
UBO register: many foundations and associations are not yet registered
28 April 2022 – The deadline for registering in the UBO register has passed. Organisations which are not registered with their UBOs (Ultimate Beneficial Owners or beneficial owners) risk a fine and refusal of service by companies subject to the Wwft, such as banks. As of this moment, the Chamber of Commerce has a backlog of UBOs in processing the registration of UBOs. . Those who have already registered have nothing to worry about.
Recovery interest rate for special deferral of payment
28 april 2022 – As of 1 July 2022, the recovery interest rate will increase from 0.01% to 1%, in order to gradually reach the original 4% as of 2024. This stepwise increase of the recovery interest rate may have consequences for you if, for example, use the special deferral of payment due to Covid-19.
Limit of bill 'Excessive Lending Act' raised to € 700,000
28 April 2022 – The State Secretary Van Rij has submitted a bill changing the bill 'Excessive Lending from your company'. In the new proposal, the maximum amount you may borrow under this regulation is increased from € 500,000 to € 700,000. In this article, we inform you about the most important changes.
ATAD3 – Disrupting the international real estate, holding and financial services industry
26 April 2022 – The European Commission published a draft Anti-Tax Avoidance Directive – commonly known as ATAD3 – which seeks to prevent the misuse of so called ‘Shell Companies’ for tax purposes. ATAD3 may already impact your real estate structures, holding structures and financial investment structures as the review period has already started as from 1 January 2022.
The value of a sick employee's vacation day
26 April 2022 - On December 9, 2021, the European Court of Justice ("the European Court") confirmed that a sick employee who takes a vacation day should receive 100% of his regular salary for it. Therefore, the sick employee may not receive a reduction in salary during a vacation day.
New bill 'Future Pensions Act' submitted to the House of Representatives: the consequences for employers
26 April - The 2019 agreement for a new pension system has been converted into a bill: the Future Pensions Act. On March 31, the final legislative texts for this law, also known as the Pension Agreement, were presented to the House of Representatives for consideration. If the House of Representatives agrees, the Act will enter into force on January 1, 2023. Employers and pension administrators must then switch to the new system by January 1, 2027. This pension scheme is based on the defined contribution system with a constant contribution rate.
Box 3 update: taxation of the real estate investor
22 April 2022 - On Friday 15 April, the State Secretary of Finance sent a memorandum to the Lower House outlining the new box 3 system in response to the Supreme Court's Christmas ruling. This memorandum introduces a capital gains tax, whereby the actual return on assets in box 3 is subject to taxation.
Goods-vehicle charge for trucks as of 2027
21 April 2022 - Recently, the Road Charging Act was approved by the Lower House of Parliament. If the bill is also confirmed by the Senate, the goods-vehicle charge will take effect in 2027.