Draft of the Tax Code 2018: A first assessment
Experts are currently discussing the draft for amendments of the Tax Code, which is to enter into force in 2018. A closer look reveals, however, that the planned changes of the Tax Code will not lead to significant changes of the status quo.
NL 48 | 2017
Governance and Public Administration
Taxation of small and medium enterprises (SME), which is designed rather generously already today, will be slightly improved. The draft foresees additional requirements but also some relief for accounting and reporting obligations for foreign business transactions, which in sum will increase state control and consequently the bureaucratic burden for enterprises. In general, no significant impact is to be expected.
