1. [Home](https://www.meijburg.com/)
2. [News](https://www.meijburg.com/news)
3. Tax accounting considerations - 2020 Tax Plan

#  Tax accounting considerations - 2020 Tax Plan 

 December 19, 2019 

![Tax accounting considerations](https://www.meijburg.com/sites/default/files/styles/detail_banner_xl/public/2019-12/Binnenhof_1_0.png)  

**On December 17, 2019, the 2020 Tax Plan package has been accepted by the Dutch Senate and therefore substantively enacted under IFRS. Many of the proposed measures will take effect on January 1, 2020 or as from the financial year that starts on or after January 1, 2020.**  
  
This memorandum outlines the main tax accounting consequences of the 2020 Tax Plan under IFRS and the impact it may have on the tax position of your financials. We have outlined the following main tax accounting consequences:

- Partial reduction of Corporate income tax rates
- revision earnings stripping decision
- interest deduction limitation rules for banks and insurers
- revised definition of permanent establishment
- ATAD2 against hybrid mismatches: CIT consequences
- Limitation of the liquidation and cessation loss scheme (2021)
- Increase of Innovation Box rate (2021)
- ATAD2 against hybrid mismatches: WHT consequence
- Substance requirements and dividend withholding tax and CFC
- Withholding tax on interest and royalties as of 2021

- [KPMG Meijburg & Co\_tax accounting considerations\_2020 tax measures](https://www.meijburg.com//sites/default/files/2019-12/KPMG%20Meijburg%20%26%20Co_tax%20accounting%20considerations_2020%20tax%20measures.pdf)

Read more:

- [ 2020 Tax Plan  ](https://www.meijburg.com/topics/2020-tax-plan)

- [ ![Linkedin](https://www.meijburg.com/themes/custom/openworld/static/images/icon_linkedin.svg) ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.meijburg.com/markdownify/node/925&title=Tax accounting considerations - 2020 Tax Plan&source=https://www.meijburg.com/markdownify/node/925 "Linkedin")
- [ ![Email](https://www.meijburg.com/themes/custom/openworld/static/images/icon_email.svg) ](mailto:?subject=Tax accounting considerations - 2020 Tax Plan&body=Check out this site https://www.meijburg.com/markdownify/node/925 "Email")
- [ ![Print](https://www.meijburg.com/themes/custom/openworld/static/images/icon_print.svg) ](# "Print")
- [ ![whatsapp](https://www.meijburg.com/themes/custom/openworld/static/images/icon_whatsapp.svg) ](https://wa.me/?text=https://www.meijburg.com/markdownify/node/925 "whatsapp")

[ 

 ](https://www.meijburg.com/keep-me-updated) [ Keep me updated ](https://www.meijburg.com/keep-me-updated) 

 [       ![Ivor Lacroix](https://www.meijburg.com/sites/default/files/styles/person_search_result/public/2022-07/Ivor%20Lacroix%20profiel_0.jpg)  

 ](https://www.meijburg.com/about-us/our-people/ivor-lacroix) 

 [ Ivor Lacroix ](https://www.meijburg.com/about-us/our-people/ivor-lacroix) 

 Partner lacroix.ivor \[at\] kpmg.com [  Meijburg Amstelveen ](https://www.meijburg.com/keep-me-updated/contact-offices/meijburg-amstelveen) 

[       ![Franklin Hundscheid ](https://www.meijburg.com/sites/default/files/styles/person_search_result/public/2022-07/Franklin%20Hundscheid%20profiel.jpg)  

 ](https://www.meijburg.com/about-us/our-people/franklin-hundscheid) 

 [ Franklin Hundscheid ](https://www.meijburg.com/about-us/our-people/franklin-hundscheid) 

 Partner hundscheid.franklin2 \[at\] kpmg.com [  Meijburg Amstelveen ](https://www.meijburg.com/keep-me-updated/contact-offices/meijburg-amstelveen)