Luxembourg:
Entry Into Force New Dutch Tax Classification Rules Postponed Until 1 January 2025
22 May 2023
Loyens & Loeff
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On 8 May 2023, the Dutch state secretary for Tax Affairs and the
Tax Administration sent a letter to the House of Representatives
that included an expected planning for legislative proposals.
From this letter, it follows that the entry into force of the
new Dutch tax classification rules for Dutch and foreign entities
such as limited partnerships (see also our Tax Flash) and proposed changes to funds for
joint account (see also our Tax Flash) are postponed until 1 January 2025.
In addition, it can be derived from this letter that transitional
arrangements will be introduced, effective as from 1 January 2024,
that should allow funds for joint account and open limited
partnerships, and the participants in such entities, to restructure
tax-free during 2024. The scope of these arrangements will be
released in September 2023.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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