This forms part of the so-called vertical monitoring tasks of the national tax authorities. Tax audit processĬorporate taxpayers might be subject to audits by tax inspectors. Interest is calculated on late payments or refunds of Dutch dividend WHT. If a corporate taxpayer is entitled to a refund of Dutch CIT or dividend WHT because the levy appeared to be in conflict with EU law, the Netherlands might be obligated to repay the unduly paid tax with interest corresponding to the period from the payment of levy to the refund of such levy to the taxpayer. As of 1 January 2024, this interest rate will be back at 4%, as it was before the COVID-19 measures. These lower rates are part of the COVID-19 measures. Interest for late payment of a CIT assessment (calculated from six weeks after issuance) is 2% as of 1 January 2023 and 3% as of 1 July 2023. Interest on CIT assessments is calculated from six months following the financial year until the assessment is issued. The CIT assessed must be paid within six weeks from the date of the provisional or final assessment. Any conversion result of the foreign currency to euros is no longer recognised under this regime for Dutch tax purposes. Under the functional currency regime, the taxable amount is annually converted from functional currency into euros against the average of the exchange rate during the financial year (as published by the ECB).
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