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.
Law for foundations and associations will change on 1 July 2021
June 22, 2021 - After a long parliamentary run-up, the rules in the Civil Code for foundations and associations will change on July 1. In this article we tell you what the possible impact is on your statutes and what new possibilities and regulations this change brings.
Loss relief in corporate income tax as of January 1, 2022
June 18, 2021 - As of January 1, 2022, the new loss relief rules in corporate income tax will take effect. This has been announced by the State Secretary of Finance. The change means that as of 2022, losses can be offset unlimited in time, but the amount of losses within a financial year will be limited. The scheme should prevent profitable multinationals in the Netherlands from pay-ing no corporation tax for years in a row.
Amended proposal for the Law on Transparency of Social Organizations (Wtmo) submitted
June 16, 2021 - Earlier, Minister Dekker for Legal Protection submitted a proposal to the House of Representatives for the Social Organizations Transparency Act (Wtmo). The proposed law is one of the government's measures against unwanted influence through foreign money flows on Dutch political, civil society and religious organizations. It has now been announced that the bill will be radically amended and it is intended that all donations will be covered by the new law. An internet consultation on the amendment will be held until 29 June 2021, to which you can respond.
New mandatory model contract for transfer of personal data to countries outside the European Economic Area (EEA)
June 14, 2021 - The European Commission (EC) has approved a new model contract that companies can use for transfers of personal data from the European Economic Area (EEA) to countries outside the EEA with a non-adequate level of privacy protection. This is important news for companies that already use such a model contract. These companies should ensure that within 18 months their current contracts are brought into line with this new model contract.
Brexit Radar: impacting cross border transactions, VAT and customs
8 june 2021 - Are you up to date with post-Brexit developments? In this video Birgit Jürgensmann, Partner, Mazars, Germany, shares insights on the impact of Brexit for cross border transactions, VAT and customs.
Parental leave in 2022 nine weeks partially paid
10 June 2021 - The government wants people to have more room to choose how to combine care and work. As of August 2, 2022, parents will therefore receive 9 weeks of parental leave on full pay. The Cabinet thus encourages parents to actually take parental leave. The Lower House approved the bill last April.
Vacations ahead: how to handle vacation requests?
10 June 2021 - In principle, employees decide when they want to take vacation. Suppose it is very quiet in your industry during the summer, can employees be required to take vacation hours? And what about if employees actually request vacation en masse so that the employer runs into staffing problems? What can the employer do about that?
Consequences for employer and employee when revoking declaration of no private use of car
10 June 2021 - An employee has a company car and drives less than 500 kilometers privately with it per year. What are the consequences for the employee and employer if the "statement no private use of car" is withdrawn , because the employee will drive more than 500 km private with the company car?
Transitional law on life-course savings amended
10 June 2021 - The life-course savings plan will no longer be available to new participants as of January 1, 2012. A transitional rule applies to employees who, as of December 31, 2011, had a life-course savings plan with a value of € 3,000 or higher. In the first instance it was possible to save up to January 1, 2022 at the latest, but this has now been brought forward to November 1, 2021. Until then there is an opportunity to take an existing life-course credit or convert it into, for example, an entitlement pension plan.
Attention to the proper application of the high and low unemployment premiums
10 June 2021 - Since the Labor Market in Balance Act (WAB) came into effect, a distinction has been made between the high and low unemployment insurance premiums. The significance is that the high premium is 5% more expensive than the low premium and thus leads to significantly higher employer costs.
Director personally liable for pension fund premium arrears
10 June 2021 - In practice, it regularly happens that an employer cannot comply with the premium invoice of the industry pension fund. Not infrequently, this ultimately leads to the director being held personally liable. How can this be prevented?