Exemption of withholding tax obligations for foreign employers of French tax residents
France on March 20th, 2023
Additional guidelines on the scope and consequences of the measure. Further to our article dated 23rd October 2022, the Finance Bill for 2023 in its adopted version abolished the obligation to withhold wage tax at source some foreign employers of French tax resident employees, however the scope of the amendment is a bit more limited […]
Application of the inbound expatriate tax regime to employees returning to Italy from a posting abroad
Italy on February 21st, 2023
Requirements for applying the inbound expatriate tax regime According to the rules regulating the inbound expatriate tax regime in Italy, employees are subject to tax on 30% of their Italy sourced employment income, assimilated income and income from self-employment, where the employee: The employee benefits from the above tax relief from the tax year he […]
5 things foreign employers should know about the French inbound expatriate regime
France on July 21st, 2022
The inbound expatriates tax regime as provided for by Article 155 B of the French tax Code is one of the most efficient tax exemption mechanisms currently in force under French tax law. Beneficiaries of such regime who transfer their tax residence to France are allowed to reduce their taxable professional income up to 50% […]
The Netherlands: Dutch Budget 2022 – New Tax brackets and Tax Free Allowances
Netherlands on January 3rd, 2022
Dutch wage tax rates have been updated in the Dutch Budget 2022 as have the tax free limits of the Employment Costs Scheme which allows employer to provide tax free allowances and benefits in kind to employees. New Dutch income tax rates as at 1 January 2022 The income tax and social security rates applicable […]
The requirement to make an annual Individual Tax Settlement for 2021 during March-June 2022
China and Hong Kong on January 3rd, 2022
Individual taxpayers who were tax residents in China in 2021 may be required to handle the Individual income tax (“IIT”) annual settlement for the year 2021 from 1 March 2022 to 30 June 2022. On 8 February, the State Administration of Taxation issued an Announcement on Handling the Final Settlement and Payment of Individual Income […]
Netherlands – Change of tax allocation rules for severance payments in cross-border situations
Netherlands on January 3rd, 2022
After 5 February 2022, the right to levy tax on severance payments in cross-border situations will no longer be based on the allocation of taxation rights over the last twelve months of the employment. Instead (in principle), it will be based on the work pattern over the total period of service in cross-border situations, this […]
Netherlands – A new tax exempt working from home allowance
Netherlands on January 3rd, 2022
Since 1 January 2022, employers can provide a tax exempt ‘working from home allowance’ of EUR 2 per working day. The allowance is intended to cover any additional expenses incurred when working at home (heating, coffee/tea etc.). This working from home allowance will not need to be deducted from the employer’s tax-free allowance as part […]
New tax regime in Belgium for inbound taxpayers
Belgium on January 3rd, 2022
On 1 January 2022, a new tax regime came into force in Belgium for inbound employees, directors and researchers. The new regime provides for greater legal certainty (as opposed to the “old” ex-pat tax regime) for employers and qualifying employees/directors. Requirements Employees and (certain) directors performing a professional activity in Belgium are eligible for the […]
A look at Italy’s attractive new tax regimes for inpatriate workers and pensioners
Italy on January 3rd, 2022
Back in 2019 and 2020 new, attractive tax regimes were launched for both employees and self-employed workers, and pensioners who transfer their tax residency to Italy. The Covid pandemic somewhat obscured the new regimes as permanent international moves, as opposed to temporary remote working, were blighted by the disruption. The new regime for inpatriate employees […]
New Swiss/Dutch Double Taxation Treaty
on January 2nd, 2012
A new double taxation treaty between Switzerland and the Netherlands (the “new DTT”) contains new provisions on dividends, interest, capital gains and information exchanges. The provisions of the new DTT apply to tax years beginning on or after January 1, 2012. Unlike the previous DTT, which it replaced the new DTT follows the OECD Model […]