32 results The Netherlands' Budget Day 2020: the impact of the Dutch 2021 Tax Package on international businesses In this Tax Alert we will summarize three recent tax developments that are relevant for international business with presence in the Netherlands. COVID-19 impacts level and payment of antitrust fines As well as granting companies leeway on certain COVID-19 initiated collaborations (see our May 2020 newsletter), the coronavirus outbreak has also led competition authorities to take a more lenient stance towards fine calculations and payments. E-book 'The current NOW and the expected changes in the new/extended NOW (NOW 2.0)'. On 1 April 2020, the Temporary Emergency Bridging Measure to Preserve Employment ("NOW") was published. Since 6 April 2020, employers can apply for a wage subsidy under the NOW. E-book NOW-2: Second Temporary Emergency Bridging Measure Work Retention On 17 Mar 2020, Dutch cabinet announced the first emergency support package to address corona crisis impact for the purpose of Work Retention and Self-Employed persons. Rent reduction based on Dutch government coronavirus measures: possible or not? The economic consequences of the 'intelligent lockdown' for the commercial rental sector are slowly becoming visible. Examples of these consequences include a considerable drop in demand, forced closings, and government-imposed operating limitations. Financial Regulatory – Update Q1 2021 Traditionally, 1 January (and 1 July) each year is a date on which new Dutch financial regulations enter into force. This year, the amendments to the Dutch Financial Supervision Act are relatively few, but other developments are worthy of attention. Provisional rental discounts in times of COVID-19 Recent interim injunctions indicate that the corona crisis can, in principle, be an unforeseen circumstance that may be a reason to amend a commercial lease agreement. The effects of the coronavirus crisis on the European Emissions Trading System - amended 29 April 2020 Coronavirus measures are impacting many different areas of society and the economy. The European Emission Trading System (ETS) for CO2 emission allowances is also being affected. Tapping the Equity Capital Markets in Times of Economic Uncertainty This short note discusses a few thoughts for Dutch issuers that are considering a capital raise in order to strengthen their balance sheet, with or without the need to publish a prospectus. Although the markets for equity issuances are currently by and la E-book about the NOW scheme The consequences of the measures taken because of the coronavirus outbreak affect almost all employers. On 17 March 2020, the government announced a package of new measures designed to save jobs and the economy with temporary financial arrangements. Finding your way through the maze of Belgian aid measures available to businesses in times of COVID-19 In order to help companies in these dire times of COVID-19, Belgium’s federal and regional governments have provided an arsenal of aid measures. Sophie Van Besien, Michèle de Clerck and Peter Wytinck provide an overview. Report of advisory committee on taxation of multinationals in the Netherlands The Dutch Lower House of Parliament adopted a motion that called on the Government to initiate and set up a committee of experts to explore fair multinational profit taxation. A report was submitted to Parliament last Wednesday (15 April 2020). Business loan guarantee scheme (Garantie ondernemingsfinanciering (GO)) Under the Business Loan Guarantee Scheme (Garantie Ondernemingsfinanciering, GO) (the "GO-scheme") the Dutch State guarantees up to 50% (recently updated to 90% as part of coronavirus measures) of the principal amount of eligible facilities made available I am suffering significant financial losses as a result of the spread of the corona virus. Is there a possibility of State aid? [Update] COVID-19 brings certain questions to centre stage regarding State aid. In this short read, Peter, Sophie, and Michèle discuss the possibility of State aid in case of significant financial losses as a result of the spread of the corona virus. Spreading fast: Dutch and Belgian COVID-19 State-aid approved Many Member States are taking measures to support the economy during the COVID-19 crisis. The European Commission’s Temporary Framework enables the rapid approval of certain types of State aid. COVID-19: fast-forwarding competition law Competition authorities are temporarily ‘green-lighting’ certain collaboration initiatives to safeguard the supply of essential products in light of the COVID-19 outbreak. Digital Law Up(to)date: European Parliament violates several provisions of the GDPR for EU Institutions On 5 January 2022, the EDPS issued a reprimand to the European Parliament for non-compliance with several provisions of the GDPR for EU Institutions and ordered it to update its data protection notices of an internal corona testing website. Supreme Court clarifies rent reductions for catering and retail businesses during corona period On 24 December 2021, the Supreme Court ruled on the preliminary questions of the District Court of Limburg. Pagination Current page 1 Page 2 Next page
The Netherlands' Budget Day 2020: the impact of the Dutch 2021 Tax Package on international businesses In this Tax Alert we will summarize three recent tax developments that are relevant for international business with presence in the Netherlands.
COVID-19 impacts level and payment of antitrust fines As well as granting companies leeway on certain COVID-19 initiated collaborations (see our May 2020 newsletter), the coronavirus outbreak has also led competition authorities to take a more lenient stance towards fine calculations and payments.
E-book 'The current NOW and the expected changes in the new/extended NOW (NOW 2.0)'. On 1 April 2020, the Temporary Emergency Bridging Measure to Preserve Employment ("NOW") was published. Since 6 April 2020, employers can apply for a wage subsidy under the NOW.
E-book NOW-2: Second Temporary Emergency Bridging Measure Work Retention On 17 Mar 2020, Dutch cabinet announced the first emergency support package to address corona crisis impact for the purpose of Work Retention and Self-Employed persons.
Rent reduction based on Dutch government coronavirus measures: possible or not? The economic consequences of the 'intelligent lockdown' for the commercial rental sector are slowly becoming visible. Examples of these consequences include a considerable drop in demand, forced closings, and government-imposed operating limitations.
Financial Regulatory – Update Q1 2021 Traditionally, 1 January (and 1 July) each year is a date on which new Dutch financial regulations enter into force. This year, the amendments to the Dutch Financial Supervision Act are relatively few, but other developments are worthy of attention.
Provisional rental discounts in times of COVID-19 Recent interim injunctions indicate that the corona crisis can, in principle, be an unforeseen circumstance that may be a reason to amend a commercial lease agreement.
The effects of the coronavirus crisis on the European Emissions Trading System - amended 29 April 2020 Coronavirus measures are impacting many different areas of society and the economy. The European Emission Trading System (ETS) for CO2 emission allowances is also being affected.
Tapping the Equity Capital Markets in Times of Economic Uncertainty This short note discusses a few thoughts for Dutch issuers that are considering a capital raise in order to strengthen their balance sheet, with or without the need to publish a prospectus. Although the markets for equity issuances are currently by and la
E-book about the NOW scheme The consequences of the measures taken because of the coronavirus outbreak affect almost all employers. On 17 March 2020, the government announced a package of new measures designed to save jobs and the economy with temporary financial arrangements.
Finding your way through the maze of Belgian aid measures available to businesses in times of COVID-19 In order to help companies in these dire times of COVID-19, Belgium’s federal and regional governments have provided an arsenal of aid measures. Sophie Van Besien, Michèle de Clerck and Peter Wytinck provide an overview.
Report of advisory committee on taxation of multinationals in the Netherlands The Dutch Lower House of Parliament adopted a motion that called on the Government to initiate and set up a committee of experts to explore fair multinational profit taxation. A report was submitted to Parliament last Wednesday (15 April 2020).
Business loan guarantee scheme (Garantie ondernemingsfinanciering (GO)) Under the Business Loan Guarantee Scheme (Garantie Ondernemingsfinanciering, GO) (the "GO-scheme") the Dutch State guarantees up to 50% (recently updated to 90% as part of coronavirus measures) of the principal amount of eligible facilities made available
I am suffering significant financial losses as a result of the spread of the corona virus. Is there a possibility of State aid? [Update] COVID-19 brings certain questions to centre stage regarding State aid. In this short read, Peter, Sophie, and Michèle discuss the possibility of State aid in case of significant financial losses as a result of the spread of the corona virus.
Spreading fast: Dutch and Belgian COVID-19 State-aid approved Many Member States are taking measures to support the economy during the COVID-19 crisis. The European Commission’s Temporary Framework enables the rapid approval of certain types of State aid.
COVID-19: fast-forwarding competition law Competition authorities are temporarily ‘green-lighting’ certain collaboration initiatives to safeguard the supply of essential products in light of the COVID-19 outbreak.
Digital Law Up(to)date: European Parliament violates several provisions of the GDPR for EU Institutions On 5 January 2022, the EDPS issued a reprimand to the European Parliament for non-compliance with several provisions of the GDPR for EU Institutions and ordered it to update its data protection notices of an internal corona testing website.
Supreme Court clarifies rent reductions for catering and retail businesses during corona period On 24 December 2021, the Supreme Court ruled on the preliminary questions of the District Court of Limburg.