Tax advisers for the review of the dividend tax

The government must seek alternatives for the complete abolition of the dividend tax.

The new chairman of the Dutch Association of Tax Consultants, Bartjan Zoetmulder, comments on the current cabinet plan, writes the FD (€)

Zoetmulder is the first tax expert to comment on the government plan. The partner of the Loyens & Loeff law firm has been president of the Dutch Association of Tax Consultants since 21 June. "The basic principle is the NOB for abolition, but we say to the government: look at all aspects, including side effects."

However, according to Zoetmulder, there are also drawbacks for a climate more attractive business for headquarters. He points out that the criticism comes from listed real estate funds. Real estate funds now have to withhold tax on the dividend they distribute to their investors. They will pay corporation tax (corporate tax) in government plans.

The imposition of 21% corporate tax will be at the expense of investment financial institutions (IBF) in real estate. This includes pension funds, among others. They invest in these institutions and currently receive the dividend tax withheld.

[Laurens Berentsen, FD]

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