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.
Privacy benchmark for educational institutions: aware of your privacy risks
April 21, 2021 - Not before has there been so much interest by hackers in personal data at educational institutions. This heightened interest is partly due to COVID-19, which left the education sector relying primarily on digital means overnight. This has made it extra important for educational institutions to correctly process and secure the many personal data that is collected. With a benchmark in which we expose the privacy risks at educational institutions, Mazars wants to contribute to this social challenge in the education sector.
Fixed expense reimbursements (net): rules and conditions
20 April 2021 - Do you pay a fixed expense allowance to your employees? It is im-portant to properly substantiate this allowance. A recent court ruling once again emphasize this importance. An employer may pay a fixed expense allowance to its employees tax-free under certain conditions. This article outlines the rules involved.
Fund manager pays transfer tax on acquisition of shares
14 April 2021 - On 9 April 2021, the Supreme Court ruled that fund managers are accountable for transfer tax when acquiring shares in so-called real estate legal entities (OZR). This is despite the fact that the fund managers do not acquire an economic interest in these shares. The same applies if the underlying investors would not be responsible for transfer tax in the event of a direct purchase of the shares.
Company-only financial statements and IFRS in the Netherlands
23 March 2021 – If a Dutch legal entity prepares consolidated financial statements under IFRS, the question is on what basis the company-only financial statements can be prepared. Dutch GAAP allows different options. In this publication we explain two of these options: ‘Combination 3’ and ‘Combination 4’. We have incorporated new guidance of the Dutch Accounting Standards Board (RJ) on Combination 3.
Bill to amend tax qualification policy on legal forms
7 April 2021 - On 29 March 2021, the Ministry of Finance published the bill "Adjustment of tax qualification policy on legal forms" (hereinafter: the "bill") for consultation. In this article, we briefly explain the changes included in the bill.
Global tax blog
Welcome to ‘Let’s talk global tax’, Mazars’ global tax blog. With this blog we share insights and analysis from Mazars professionals on topical issues within tax from around the world. Keep on top of the latest tax regulations, market developments, debates and news with ‘Let’s talk global tax’.
Claim your VAT from the UK for 2020 no later than 31 March 2021
24 March 2021 - The United Kingdom is no longer part of the European Union. Therefore, the Brexit brings a lot of changes, including in the area of VAT.
VAT and services between the home country company and a foreign fixed establishment
31 March 2021 - Mutual services between a home country company and its branch (fixed establishment) are generally not subject to VAT because they are regarded as one integrated taxpayer. However, there are some exceptions.
Additional charge for private use of car
30 March 2021 - The addition for the private use of a company car continues to attract attention, according to recent case law. The addition applies if an employee drives more than 500 kilometers on an annual basis for private purposes, with a company car.
Expat tax alert Q&A 2020: Dutch personal income tax return
22 March 2021 - The Dutch tax season is back. The Dutch tax authorities expect your tax return to be filed by 8 May, so it’s time to get prepared. We have racked up 10 frequently asked questions about the 2020 personal income tax filing in the Netherlands.
Time to further automate your HR and payroll processes
18 March 2021 - HR advisors typically spend a lot of time on repetitive HR and payroll processes. Think of the administrative hassle or data that is spread across various files. In the absence of an HR department, these tasks are often performed by management. The time involved could often be spent better or in a different way. Also, since the corona crisis, working from home is not only a necessity but also increasingly popular. It is important that the processes are further adapted to this.