Wednesday, 3 July 2013 - 08:03
Provisional Investment Tax Break
The Dutch Council of Ministers has approved a proposal that permits entrepreneurs to take half of business investments right away that were made from July 1 to the end of 2013, according to Tax-News.
Economic Affairs Minister Henk Kamp
Personeelsnet/flickr The proposal was presented by Dutch Financial State Secretary Frans Weekers and Economic Affairs Minister Henk Kamp. The Dutch Finance Ministry said the plan will allow business owners to lessen their tax payments in the next few years. Likewise, this will produce other investment opportunities estimated €400 million. Conditional on corporation tax and firms, both businesses now paying income tax in the country will gain from the accelerated depreciation provision, granted the investment is used by January 1, 2016. In support of the adopted proposal, the Finance Ministry hinted the upsetting figures provided by the Dutch Central Statistics Office. The numbers show a drop of roughly 8 percent in corporate investment in the first quarter this year. He added that the Dutch Central Planning Bureau had expected a 10 percent fall in investment for the entire year. Financial State Secretary Weekers emphasized that the accelerated depreciation provision will aid in liquidity and offer the desired improvement today to investment, not only to businesses but also to the rest of the Dutch economy.
Personeelsnet/flickr The proposal was presented by Dutch Financial State Secretary Frans Weekers and Economic Affairs Minister Henk Kamp. The Dutch Finance Ministry said the plan will allow business owners to lessen their tax payments in the next few years. Likewise, this will produce other investment opportunities estimated €400 million. Conditional on corporation tax and firms, both businesses now paying income tax in the country will gain from the accelerated depreciation provision, granted the investment is used by January 1, 2016. In support of the adopted proposal, the Finance Ministry hinted the upsetting figures provided by the Dutch Central Statistics Office. The numbers show a drop of roughly 8 percent in corporate investment in the first quarter this year. He added that the Dutch Central Planning Bureau had expected a 10 percent fall in investment for the entire year. Financial State Secretary Weekers emphasized that the accelerated depreciation provision will aid in liquidity and offer the desired improvement today to investment, not only to businesses but also to the rest of the Dutch economy.
