23 June 2016 Dutch Government releases proposed amendments to interest limitation provisions for consultation Following an initiative in the Dutch Parliament, the Dutch Government released its proposed amendments to existing interest limitation rules specifically targeting base erosion through interest deductions arising from related party and acquisition financing. A consultation is opened to the public and comments can be provided by July 18. The proposed rules are expected to be included in the 2017 Dutch Budget that will be presented on September 20. The amendments predominantly broaden the scope of the anti-base erosion rules of article 10a Dutch Corporate Income Tax Act 1969 (CITA) and the leveraged buy-out rules of article 15ad CITA to address certain loopholes. A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details. Document ID: 2016-1105 |
