On Dec. 29, NLD GVT issued regulations changing tax and allowances.
NLD GVT published a regulation of the State Secretary for Finance, of Dec. 15, 2023 amending, implementation regulations in the field of taxes and allowances for 2023.
Regulation Overview
The End-of-year regulation 2023 includes changes to some regulations in the field of direct taxes, indirect taxes, customs, formal tax law, collection law, and on allowances.
The changes affects other existing legislation including the Income Tax Implementation Regulations 2001, Fixed Rate Profit Determination of Shipping Shipping Regulations 2001, as well as the terms of the current 2011 Wage Tax Implementation Regulation.
Also, the Corporate Tax Implementation Order 1971, the Dividend Tax Implementation Order 1965, as well as the current Withholding Tax Implementation Regulations 2021.
No general explanation is included for the whole legislation, as only all the technical changes and codifications have references made in the article-by-article explanations.
Effectiveness
The bulk of the regulation comes into effect on Jan. 1, 2024, but some parts are to be retroactive to dates in 2022 and 2023, with also some changes to Future Pensions Act.
Mar. 2024 Update
On Mar. 12, 2024, NLD GVT issued correction of reg of the State Secretary for Finance, amending, implementation regulations in the field of taxes and allowances for 2023.
The correction states that article XXI parts F, G, K and L as well as article XXIV, parts D and E, will come into force with effect from Jan. 1, 2025.
Regulators
NLD GVT
Entity Types
Auditor; CNSM; Corp; Pension
Reference
OG 3/12/2024; OG 2023/34571, 12/29/2023; Reg 2023-0000275008, 12/15/2023; URIB 2001; Rfwz 2001; URLB 2011; CIT Implementation Order 1971; DB Implementation Order 1965; URBB 2021
