Netherlands Lower House Considers BES Islands Fiscal Omnibus Bill 2027

The Dutch lower house of Parliament (Tweede Kamer) April 29 accepted for consideration Bill No. 36939, the BES Islands Fiscal Omnibus Bill 2027, to amend several tax laws and other laws relating to the Caribbean Netherlands. The bill includes measures to: 1) increase, to 12 percent, the reduced property tax rate for hotels owned by non-natural persons; 2) introduce, on request, a general expenditure tax (ABB) fiscal unity for a parent company and its 100 percent-owned subsidiaries, and exempt certain agricultural-related goods and cultivated land from ABB and transfer tax; 3) repeal the rule allowing divisions of deductions between spouses ...