The Lower House of Parliament on 12 November 2020 adopted the 2021 “tax plan” package and the bill for the “Liquidation and Cessation Loss Schemes Limitation Act.”
The 2021 tax plan package contains the following bills:
With regard to the tightening of the loss set-off for corporate income tax purposes as of 2022 and the job-related investment allowance (Baangerelateerde Investeringskorting; BIK, for 2021 and 2022) two separate memoranda of amendment to the 2021 tax plan were presented to the Lower House in October 2020.
Amendments and motions were also adopted in the vote on 12 November 2020, and are briefly outlined below.
Selection of adopted motions
The Lower House of Parliament has asked the government:
The adopted amendments are now being incorporated into the bills, after which they will be debated in the Upper House of Parliament in the coming weeks. Unlike the Lower House, the Upper House cannot make any changes, but can only adopt or reject the bills in their entirety (although the latter is unlikely). The Upper House will vote on the bills in mid-December 2020. Tax professionals believe that the adopted motions (described above) could be implemented, given that the Deputy Minister of Finance has not advised against them.
Read a November 2020 report prepared by the KPMG member firm in the Netherlands
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