NetherlandsAccounting and Audit
This is contribution number 35 by KPMG Meijburg & Co regarding the proposed legislation to improve the Dutch business climate.
INTRODUCTION
On April 23, proposed legislation was sent to the Dutch Parliament which includes measures of great importance for the Dutch business community. These measures, previously announced on January 29, 1996, can be divided into two categories. First, there is a group of provisions directed at the improvement of the Dutch business climate. Second, there is a group of provisions directed against improper erosion of the tax base of Dutch entities. If the Bill passes through Parliament it will be applicable as from the first calendar or accounting year commencing on or after the date of enactment. It is therefore expected that for taxpayers whose financial year coincides with the calendar year the provisions will be applicable from January 1, 1997 at the earliest.
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