In this blogpost, we cover the Article 23 License and Fiscal Representation as an entry ticket to it. This framework unlocks ‘local treatment’ for non-Resident companies importing goods to Europe through the Netherlands, and allows them to defer VAT rather than pay it to Customs upon import. Great for cashflow.
With the holiday season upon us, we are excited to share our quarterly business update! In this final edition of the year, we’ve gathered valuable insights and updates to help your U.S. subsidiary close out 2024 on a strong note, and prepare for the opportunities and challenges of 2025. Topics covered include updates from our Tax and HR & Payroll teams and interesting events early next year. We start with an insightful article exploring the potential impact of the U.S. presidential elections on your U.S. venture and business strategies.
On 27 November 2024, the European Parliament formally approved the new College of Commissioners presented by the recently re-elected Commission President, Ursula von der Leyen. The new Commission took office on 1 December 2024. The renewed institutions will now face the continuing challenge of pursuing the regulatory framework for tech and digital while promoting innovation and defending EU competitiveness. We look at what to expect in 2025.
On 27 November 2024, the European Parliament formally approved the new College of Commissioners presented by the recently re-elected Commission President, Ursula von der Leyen. The new Commission took office on 1 December 2024. The renewed institutions will now face the continuing challenge of pursuing the regulatory framework for tech and digital while promoting innovation and defending EU competitiveness. We look at what to expect in 2025.
On 4 December 2024, the Dutch State Secretary of Finance published a decree (the Amount B Decree) that outlines the Dutch implementation of Amount B of Pillar One. The Amount B Decree states that Amount B will be accepted by the Dutch tax authorities for Dutch taxpayers that are involved in intercompany transactions covering wholesale distribution activities in ‘Covered Jurisdictions’ that meet the relevant criteria. Amount B will not apply to wholesale distribution activities in the Netherlands. It will be effective as of 1 January 2025.
This article highlights the potential challenges and opportunities Trump’s policies present for European businesses operating in the U.S. From trade, tariffs, and taxes to immigration and energy, preparing for these shifts will be essential to navigate the next four years successfully.
In a carve-out transaction, part of a business is transferred to a new owner. These transactions tend to be complex and involve the transfer of assets, agreements, liabilities, and employees. It is important to understand that carve-outs are different from other M&A transactions because of the specific challenges and opportunities they present.
President-elect Trump’s recent US election victory is anticipated to cause a range of economic, geopolitical and social impacts. In the first instance, a decisive result has at least been a positive outcome in that it gives little cause for controversy, ensures a peaceful transfer of power, and provides a degree of stability for markets. No one can predict the impacts of the election result on the US and the rest of the world at this point, however, in this note we briefly discuss which of these are most likely to influence transatlantic investment.
We all know them, Sunday afternoon birthday parties, making conversation… That is where we lawyers are often taken by surprise with questions like: “why are all these investment firms coming to Luxembourg, that must have something to do with tax, right?”
Diversity and inclusion are vital for any business, fostering participation and bringing together varied identities, backgrounds, and experiences. With global labor shortages, many companies are hiring refugees, but creating an inclusive workplace requires more than standard practices. Read our best practices to learn how to create a truly inclusive environment.
