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.
Charity organisations and the Emergency Employment Bridging Fund
15 July 2020 – The Dutch cabinet has introduced the Emergency Employment Bridging Fund (Noodfonds Overbrugging Werkgelegenheid – NOW) to protect jobs and incomes. This measure is an allowance towards wage costs for companies that are currently losing turnover. This also raises questions for charity organisations.
The financial and fiscal consequences of renting out real estate
14 July 2020 – Real estate investors are increasingly faced with delinquent rental payments, providing rental discounts, suspensions and the remission of rent. This is especially common within the real estate market, specifically for retail.
Judgement of the ECJ: co-location services
10 July 2020 – In several EU member states the VAT treatment of co-location services is inconclusive. On 2 July 2020 the European Court of Justice ruled that the co-location services of the Finnish company A Oy cannot be qualified as the rental of real estate or other real estate services. This judgement offers a nice clarification for practice.
VAT and e-commerce: new rules as of July 2021
2 July 2020 - As of July 2021, new VAT rules will enter into force in the EU. If you sell goods (online) to consumers in the EU, the new rules will most likely have an impact on your business. The new rules require changes within your company.
Board resolutions by online meetings: approval of the State Secretary of Finance
1 July 2020 – We previously wrote about the risks involved in taking board resolutions remotely. On 15 June 2020, a statement was made by the Dutch State Secretary of Finance regarding the problem that potentially would arise for the application of the Dutch substance requirements. In this contribution we provide you with an update.
The tax system: selling your transport company - part 3 of 4
30 June 2020 - What are the options for achieving a fiscally and organisationally favorable structure for the transfer of your transport company? That is a question that we have already addressed in part 3 of the four-part "The optimal structure". The possibilities of contributing to a private limited company and splitting up business activities were discussed. In part 3 of this four-part section, we will take you further into one of the options for optimally structuring your tax structure in the event of a sale of your company.
Mazars Next: the basis for business decisions
30 June 2020 - It is important for you as a transport operator to always have an up-to-date insight into the performance of your company. The corona crisis has only exacerbated this need.
Tax in control with a tax control framework
30 June 2020 - In these times of crisis and great uncertainty about the future, you as a transport entrepreneur may notice more than ever how important it is to have insight into your financial position. Where the focus is now mainly on short-term solutions and support measures to absorb the first blows of the corona crisis, it is also important to think about the future.
Tax position of international drivers
30 June 2020 - As a result of the corona crisis, cross-border traffic has been halted or limited, as a result of which international drivers are not working, or to a lesser extent, across the border. The borders will gradually reopen, but the travel pattern may also look different in the future. This may have consequences for the tax position of international drivers.
Application of the business tracking scheme in the succession law
30 June 2020 - Recently, the Supreme Court has discussed the application of the business succession scheme (hereinafter: BOR) in the Inheritance Act in three judgments. The BOR is a facility that, if the conditions are met, can postpone or significantly reduce the income and gift or inheritance tax payable on business transfers to successors. Since the judgments concerned gift or inheritance tax, we limit ourselves to this in this report.
The effectiveness of donation campaigns: from contributor to director
25 June 2020 – The society is changing rapidly and charity organisations have to move along to remain future-proof. The activities of charity organisations are under pressure and they have to deal with declining revenues. That’s why it is essential to look critically to the effectiveness of your donation campagins and the wishes and needs of your (potential) contributors. How can you spend your campaign money as effective as possible?