On December 22, 2021 the European Commission published a legislative proposal to prevent the misuse of shell entities for tax purposes (“Proposal”). The Proposal is part of a wider ambitious agenda to combat tax avoidance and tax evasion. It has far-reaching consequences for multinational group-, private equity-, and investment fund structures having established an (intermediate) undertaking in an EU Member State engaged in real property owning, financing, leasing, service, IP- as well as holding activities, unless satisfactory managerial and operation substance indicators are met. The Proposal goes further than present beneficial ownership or tax avoidance practices developed in past years. Subject to unanimous approval by Member States the effective date of the Proposal is 1 January 2024.
In this white paper, the tax experts of BUREN discuss the most important topics of the proposal. The white paper can be downloaded via the button below.
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On 1 June 2021, the Netherlands and Cyprus signed a tax treaty (Tax Treaty) aimed to eliminate double taxation and prevent tax evasion.
On 4 April 2022, the Dutch State Secretary of Finance
We are deeply shocked by the brutal and violent attack of the Russian Federation on the sovereignty of Ukraine and the human suffering it has already caused