TaxWorldWeb – International Tax News

Most Recent

The European Commission has formally requested The Netherlands to amend its tax legislation on fiscal unities (i.e. calculation of income tax of a group of companies on a consolidated basis). Current Dutch legislation does not allow two Dutch subsidiary companies held by a foreign parent company to form a fiscal unity between themselves. In practice this means that companies which have their parent company in another Member State cannot benefit from the fiscal unity regime, which is contrary to EU rules. The fiscal unity regime allows companies to file a single tax return for a group of companies, thus facilitating tax compliance and allowing compensation of profits and losses.