The Upper House of the Dutch parliament approved on 20 December 2016 the Tax Plan 2017 submitted by the government on 20 September 2016. The Plan had earlier been adopted by the Lower House of parliament on 17 November 2016, and has now passed into law with its adoption by the Upper House.
The Plan notably amends the IP (or Innovation) Box regime and further restricts interest deduction in line with the BEPS findings. The main changes are summarized as follows:
- The income tax brackets for 2…