As the end of the year approaches, many organizations will soon start preparing their year-end financial statements.
In the Netherlands, the 2021 “tax plan” may have implications for year-end financial statements and especially the income tax position—once the 2021 tax plan is (substantively) enacted. The 2021 tax plan is substantively enacted once the Upper House of Parliament has voted in favor of the announced measures, now scheduled for 15 December 2020.
Read a November 2020 report prepared by the KPMG member firm in the Netherlands that highlights tax accounting consequences of the 2021 tax plan
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.