The additional levy on excessive severance payments

__________ Introduction  Recently several newspapers reported that Heineken incurred a significant additional tax levy in connection with the severance payment to its former CEO. While he received EUR 5.5 mio, taxes due by Heineken amounted to EUR 7 mio, primarily as a result of the additional employers levy that applies to so-called excessive severance payments.  …

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Withholding Tax Act 2021

__________ Introduction  On 1 January 2021 the Withholding Tax Act 2021 entered into force. This new law contains a withholding tax obligation for royalty and interest payments made to related companies in low-tax jurisdictions or in abusive situations  __________  Executive summary Making the effort to combat tax avoidance and profit shifting, the Netherlands has introduced …

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