The #30Rule and Dividend Tax Proposals

Questions about the #30Rule and Dividend Tax? This is what we know, and don’t know.

UENL has confirmed that the dividend tax was submitted as a separate law proposal on Prinsjedag, September 18th, 2018. The dividend tax is part of the “Wet Bronbelasting 2020” proposal while the #30Rule is part of the “Belastingplan 2019” proposal.

Last week, we were informed that Parliament will vote upon these proposals separately on November 15th, 2018. We also heard the news of the reconsideration of all proposals by the government in regards to creating a better business climate – which includes the dividend tax and possibly the #30Rule.

What are the consequences for us? To be honest, we don’t know. We are not political analysts, however, we have been told that there are both positive and negative effects to this reconsideration – and as such, our optimism should remain tempered.

In the weeks ahead, we will continue our efforts to encourage Parliament to include an amendment to the #30Rule so that a transition period is included. We hope that the legal opinion assists in these efforts.

As we know more, you’ll know more. #aDEALisaDEAL

International Press Coverage of #30Rule

Interest from members of the international community has grown with respect to the #30Rule. A new article in Bloomberg Tax discusses the situation, particularly the potential consequences for start-ups and tech companies. As the article points out, the current proposal has:

"...triggered outrage from universities, companies, and industry associations.They say the lack of a grandfather clause for workers with existing agreements makes the government look untrustworthy, damaging the country’s reputation as a hub for startups and multinational investment."

We agree.

A complete copy of the article can be found here.

"Dutch tax break change cheeses off expats"

International attention for the #30Rule continues to climb. Read this story in France24 about the severe consequences of the current proposal, and why a transition period should be included.

As Monique Mols, ASML spokeswoman notes:

“The ruling violates an agreement … This is a problem. Internationals did their financial planning based on a government they thought was reliable. Now they find it's not the case.”

#aDEALisaDEAL