Netherlands introduces tax breaks in 2012

25.10.2011 Dutch State Secretary for Finance declared that companies that did their business in innovative developments sphere would get certain tax breaks in 2012. Such a measure is introduced as the state support and incentive in innovative field.
In accordance with these legislative changes corporate tax rate for the companies investing their capital in innovative activity will be only 10% (instead of previous 25%). Such steps are a huge plus not only for companies that are searching for new technologies but for the very state because thus it will improve its indicators in innovative sphere in particular and in the whole economics.

Expert’s opinion

“Such a huge financial incentive as corporate tax rate reduction from 25% to 10% will for sure help to innovations development in the country. Netherlands has chosen the right way of the state support of national economics in the mentioned field. Maybe such measures will be incentives for attraction to the state new foreign investors who will change the direction of their business and concentrate all the forces on innovative developments”.

On the basis: www.tax-news.com

Andrianova Irina ( the lawyer of international consulting department of “Honest & Bright” )