The Netherlands remains an attractive place to do business in particular as US MNC’s see the country as a gateway into Europe. As the Dutch government looks to remain competitive, one of the key developments that arose in 2017 was the release of “the Tax Plan 2017” which detailed several key changes that are expected to be introduced for corporate tax, dividend tax, wage tax and value added tax. The legislative proposals are not yet final so the impact of these changes is still to be determined.
After several years of reduced growth, the Dutch economy is improving. A politically stable environment with a pro-business government, access to a pool of high skilled, multilingual tax professionals (which the Dutch are historically known for) and consistently ranked highly when it comes to quality of living in comparison with the rest of the EU, the Netherlands is a popular destination for multinational corporations. Last year saw demand for talent outstrip supply, highlighting the shortage of tax professionals at the mid to senior management level particularly within Transfer Pricing, VAT/Customs and Corporate Income tax. We expect this trend to continue, as functions look to structure their tax teams more efficiently.