CITA 2010

Klik hier voor de Nederlandse versie

The Dutch Government has submitted a Consultative Document to Parliament to revise the Corporate Income Tax Act (CITA). The next step will be a legislative proposal in September which is aimed to come into force as of 1 January 2010.
 

The objective of the revision of the CITA is to improve the Dutch corporate income tax regime in such a way that it attracts more financing and holding activities to the Netherlands as it aims to relax the participation exemption considerably and tax financing activities at an attractive rate of only 5 percent. Also measures will be taken to curb excessive debt financing of Dutch and foreign subsidiaries.

The Consultative Document may be of great importance to you. For your convenience, the tax advisors of PwC have listed the measures in the following summary.
When the legislative proposal will be submitted to Parliament we will issue an update.