Direct & Indirect Taxes and Customs in the Netherlands. Baker & McKenzie - Esteban van Goor (@EAVGR)

Transcription

1 Direct & Indirect Taxes and Custms in the Netherlands Baker & McKenzie - Esteban van #tax #VAT #Madrid 4 March Hlanda, prtunidades de inversión para la empresa españla y sus experiencias Baker & McKenzie Amsterdam N.V. is een venntschap van Baker & McKenzie Internatinaal, een Zwitserse Verein waarvan venntschappen ver de gehele wereld lid zijn. In vereenstemming met de in de prfessinele dienstverlening gebruikelijke terminlgie wrdt met de term "partner" bedeld persnen die partner zijn van een dergelijke venntschap f een daaraan gelijkwaardige functie bekleden. De term "kantr" wrdt gebruikt m te verwijzen naar een vestiging van een dergelijke venntschap Baker & McKenzie Amsterdam N.V.

2 Intrductin

3 Intrductin 2015 Baker & McKenzie Amsterdam N.V. 3

4 Agenda

5 Agenda Histry Spain and the Netherlands Crprate Incme Tax in the Netherlands VAT / Custms in the Netherlands 2015 Baker & McKenzie Amsterdam N.V. 5

6 Histry Spain / the Netherlands

7 Histry Spain and the Netherlands 2015 Baker & McKenzie Amsterdam N.V. 7

8 Crprate Incme Tax

9 CIT in the Netherlands (1) The Netherlands as the cuntry fr establishing a Eurpean Head Quarter (HQ): Advanced Tax Rullings (ATR) Advanced Pricing Agreements (APA) Substance in NL Participatin exemptin: If sharehlding represents 5% r mre f the nminal share capital f the subsidiary (unless passive investment participatin) Dividends frm nn-resident subsidiaries are fully exempt Capital gains frm nn-resident subsidiaries are fully exempt 2015 Baker & McKenzie Amsterdam N.V. 9

10 CIT in the Netherlands (2) Avidance f duble taxatin Innvatin Bx The Netherlands has cncluded bilateral tax treaties with mre than 90 cuntries Dutch HQ may apply tax treaties t lwer withhlding taxes n dividends, ryalties and interest received frm subsidiaries Cmpanies can benefit frm an effective 5% tax rate 5% tax rate applies n R&D incme frm self-develped patents and certain unpatented intangible assets Subsidies fr R&D (WBSO and RDA) 2015 Baker & McKenzie Amsterdam N.V. 10

11 VAT

12 VAT in general Value Add Tax (VAT) is a cnsumptin tax VAT aims t tax cnsumptin n supplies f gds and services VAT is based n a EU Directive 2015 Baker & McKenzie Amsterdam N.V. 12

13 VAT is becming mre imprtant Surce: - data extracted n 2 March Baker & McKenzie Amsterdam N.V. 13

14 VAT is levied n The fllwing transactin are subject t VAT: Supply f gds fr cnsideratin within the territry f a EU Member State (lcal) intra-cmmunity acquisitin f gds fr cnsideratin: B2B intra-cmmunity supplies new means f transprt Supply f services fr cnsideratin The imprtatin f gds VAT can be the game changer fr businesses 2015 Baker & McKenzie Amsterdam N.V. 14

15 Sme relevant VAT tpics fr businesses The VAT status f a HQ is relevant as it may affect the recverability f VAT n csts VAT n e.g. imprts may frm a cash flw disadvantages VAT cmpliance e.g. VAT invicing, filing VAT returns, VAT rate updates, prf f VAT exemptin in case f exprt f intra-cmmunity supplies Surce: Baker & McKenzie Amsterdam N.V. 15

16 A few favrable VAT incentives in NL The Netherlands has a unique VAT treatment f HQ s (based n a decree f the Ministry f Finance and Dutch/ECJ case law) The Dutch Tax Authrities are cnsidered t be ne f the mst transparant Tax Authrities within the EU Imprt VAT deferment license VAT invicing requirements are clearly defined and NO B2C invicing requirements 2015 Baker & McKenzie Amsterdam N.V. 16

17 Imprt VAT deferment license Imprt VAT deferrement license VAT n imprts shifted t the peridical VAT returns f the imprting VAT taxable persn Ensures a cash flw advantage as there is NO VAT payment at all Spain just recently intrduced a similar pssibility 2015 Baker & McKenzie Amsterdam N.V. 17

18 Custms / VAT Upn request f a BV (Netherlands) the Dutch custms authrities can issue Binding Tariff Infrmatin ( BTI ). Fr custms purpses, these BTI s are valid thrughut the Eurpean Unin, regardless f the Member State which issued it. The main custms benefit t the hlder f BTI s is legal certainty with regard t custms tariff classificatin. This is imprtant as such custms tariff classificatin is the basis fr determining custms duties, exprt refunds and the applicatin f ther related legal prvisins (e.g. imprt/exprt certificates), but can als be leading fr the VAT qualificatin. BTI s culd be benificial t supprt the VAT qualificatin in EU Member States, especially t categrise prducts int categries that benefit frm the (super) reduced VAT rates. Dutch custms authrities are knwn fr their cperative and pragmatic apprach twards issuing BTI s and as such are ften used t btain beneficial BTI s that are used thrughut the EU fr applying the (super) reduced VAT rate Baker & McKenzie Amsterdam N.V.

19 Summarizing

20 Dutch benefits fr businesses 20 Summarizing a few Dutch tax benefits: APA and ATR rulings can be btained frm the Dutch Tax Authrities in advance f setting up a structure Participatin Exemptin (100%) n dividends and capital gains related t qualifying subsidiaries The Netherlands have a lt f bilateral tax and investments treaties frm which cmpanies can benefit Innvatin bx regime fr patents and WBSO intangibles (5% rate, nrmal rate 25%) Practical VAT treatment f HQ s N payment if imprt VAT via the easily accessible VAT deferment license Binding Tariff Infrmatin 2015 Baker & McKenzie Amsterdam N.V.

21 Last but nt least

22 Hlanda Baker & McKenzie Amsterdam N.V.

23 Thank yu! Questins? 2015 Baker & McKenzie Amsterdam N.V. 23