The Act on the governance and supervision of legal persons (Act) entered into force on the 1st day of July 2021. The bill on the governance and supervision of legal persons must provide clarity about the duties and responsibilities of directors and supervisory directors of an association, foundation, cooperative or mutual insurance society. The Act has […]
The Act on the governance and supervision of legal persons (Act) entered into force on the 1st day of July 2021. The bill on the governance and supervision of legal persons must provide clarity about the duties and responsibilities of directors and supervisory directors of an association, foundation, cooperative or mutual insurance society. The Act has […]
When consulting the UBO register, a distinction can soon be made between directors of ANBIs and directors of other entities. UBO-registerOn September 27, 2020, the time had come; the UBO register came into effect. Legal entities established on or after the 27th day of September 2020 must also comply with their registration in the UBO […]
Excessive lending between companies and their substantial interest holders
Prolonged deferment of taxation in box 2 by lending from the own company will be restricted On the 17th day of June the bill excessive lending from your own private company (hereinafter: Bill) was submitted. The name reveals a lot about the content of the Bill. The purpose of the Bill is to discourage excessive […]
There is news related to the UBO-register! After the implementation of the UBO-register has been postponed several times, there now seems to be a date when the register will be implemented. The bill was adopted on 23 June 2020. Subsequently, the implementation act was published in the Dutch Bulleting of Acts and Decrees on 7 […]
From the first day of January 2021, intermediaries will be required to report cross-border constructions used for tax avoidance to the tax authorities. Who has to report? The intermediary that invents, offers, sets up the construction, makes the construction available for implementation or manages the implementation of the construction must report the construction if it […]
The bill on the governance and supervision of legal persons must provide clarity about the duties and responsibilities of directors and supervisory directors of an association, foundation, cooperative or mutual insurance society. The bill was adopted by the Lower House on January 28, 2020. It is yet unknown when the bill will come into effect. […]
Mediation is increasingly used in business disputes. The quality of mediation and mediation processes is therefore becoming more important. Reason enough to guarantee the quality of mediation with new law and to further sharpen it up. MediationIf parties have a dispute, they will not happily go to court. This costs them money, time and sleepless […]
From my passion for sport and my professional background as advisor in corporate law I like to help (former) pro athletes starting up their own business. I assist with starting their own business, entering into partnerships and all the associated challenges. Written by Cok Zijerveld It will be a busy year full of sports! As […]
On December 17th, 2019, the Senate adopted the bill for the implementation of the EU directive for reporting cross-border constructions. The bill requires intermediaries to report cross-border constructions that are used for tax avoidance to the Tax Authorities. Cross-border constructions consist, for example, of structures that extend over several jurisdictions that are known for their […]
On December 10th, 2019, the House of Representatives approved the bill for the implementation of the UBO register. The intention was to have the UBO register enter into force on January 10th, 2020. This planned introduction will not be achieved. The bill is still being considered by the Senate and will be processed further on […]
UPCOMING LEGISLATION IN THE NETHERLANDS: UBO-register (in legislative proposal)
Table of Contents WHAT IS THE UBO-REGISTER?. 4 PRIVACY?. 5 WHICH ENTITIES WILL BE SUBJECT TO THE UBO REGISSTRATION?. 6 EXEMPTIONS. 7 TIME FRAME – PLANNING 7 INTRODUCTION Finally, the register of ultimate beneficial owners (“UBO“) of companies and other legal entities incorporated in the Netherlands is finally taking shape. The draft legislative proposal for […]
