Tuesday, 26 June 2012
Dutch Budget 2013
On June 21, 2012, the Dutch Lower Chamber of Parliament adopted the proposed additional interest limitation rules which intend to limit the deduction of interest on the financing of interests in subsidiaries qualifying for the participation exemption (“subsidiaries”). Compared to the initial proposal the adopted version has two important amendments that are in favour of taxpayers:
1. An exclusion of certain group financing activities;
2. A grandfathering rule for subsidiaries which are acquired, expanded or to which contribution were made in a tax year starting before or on January 1, 2006.
Source & more info: Ernst & Young