The proposed reduction of the Netherlands' corporate income tax rate to 25.5 %, announced in the draft reforms of the Dutch Corporate Income Tax Act (CITA), will bring the country into line with the larger EU jurisdictions. The reforms, that are due to come into force on January 1 next year, also contain the contentious introduction of separate boxes for patent and group interest income, the legality of which is being debated with EU Commission.
June 30 2006