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.
Fixed expense reimbursements (net): rules and conditions
20 April 2021
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.
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’.
Company-only financial statements and IFRS in the Netherlands
23 March 2021
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.
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.
Board report 2020
9 February 2021
9 February 2021 - In the accompanying publication, we have included the most important requirements for the 2020 management report. We focus on the management reports of medium-sized and large non-listed legal entities. We have included examples for illustrative purposes. These examples are derived from the management reports of the nominees for the FD Henri Sijthoff Prize 2020 within the category "unlisted companies" (Nederlandse Spoorwegen, TenneT and Triodos Bank).
Update - Publication ‘Dutch GAAP versus IFRS’: similarities and differences
13 January 2021
13 January 2021 - At the end of 2020, we published 'Dutch GAAP versus IFRS'. With that publication, we provide insight into the reporting rules in the Netherlands (Dutch GAAP) and the main similarities and differences with International Financial Reporting Standards (IFRS) for annual periods beginning on or after 1 January 2021. Just before 2021, the Dutch Accounting Standards Board (DASB) also published new accounting standards on revenue applicable for annual periods beginning on or after 1 January 2022. Earlier application is permitted. In chapter 18A of the publication we have included the main similarities and differences between Dutch GAAP and IFRS based on these new accounting standards.
Important change in customs regulation for non-EU-based businesses
30 July 2020
The Dutch customs authorities have announced an important change in the definition of “exporter of record” that will apply as from 1 January 2021. Accordingly, it will (from a customs point of view) not be possible for non-EU businesses to act as exporter of record in the EU.
The financial and fiscal consequences of renting out real estate
14 July 2020
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.
Can a employee discontinue a pension scheme?
23 June 2020
23 June 2020 - In practice it still happens regularly that not all employees participate in the employee's pension scheme. The question is whether this can lead to damage for the employer in the future.