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Dutch pension reforms target final-salary schemes

NETHERLAND

  AMSTERDAM: The Dutch government has published sweeping pension reform proposals aimed at replacing the current system that pays guaranteed retirement incomes based on workers’ salaries with arrangements that impose more risks on employees. The Netherlands is widely regarded as having one of the world’s strongest and most sophisticated occupational pension systems, so the proposed reforms will be closely scrutinised ... Read More »

Netherlands spends more on importing live insects than any other EU country

NETHERLAND

  AMSTERDAM: The Netherlands spends more on importing live insects than any other EU country, the national statistics office CBS said on Thursday. In the first six months of this year, the Netherlands imported 390 tonnes of wasps, bees, meal worms and grasshoppers to the value of €8.2m, the CBS said. That is five times the amount spent on insect ... Read More »

RDF exports becoming ‘increasingly difficult’

NETHERLAND

  AMSTERDAM: Industry experts have indicated the boom-time for refuse-derived fuel (RDF) exports could be over, following figures released by the Environment Agency (EA) showing a potential slowdown in the overseas market. Between January and August this year, exports of RDF and other associated material from England was down by nearly 17,000 tonnes to just over 2.1 million tonnes, compared ... Read More »

Overhaul of the Dutch dividend withholding tax regime in 2018 tax plan

NTERHTLAND

  AMSTERDAM: From 2018 the scope of the Dutch dividend withholding tax exemption is extended to shareholders resident in jurisdictions that have a tax treaty with the Netherlands. On 19 September 2017 the Dutch caretaker government published its Tax Plan 2018. One of the main topics is a positive overhaul of the dividend withholding tax regime. From 1 January 2018, ... Read More »

Netherlands annual smartphone imports reach EUR 15 bln

imports

AMSTERDAM: The Netherlands imported around EUR 15 billion in smartphones and other mobile devices in 2016. This makes smartphones the biggest import of high-tech products in the country, according to figures from the Central Bureau for Statistics. The Netherlands is also the largest importer of smartphones in the EU. In total around EUR 95 billion in high-tech goods were imported ... Read More »

Netherlands stocks lower at close of trade; AEX down 0.08%

stocks

AMSTERDAM: Netherlands stocks were lower after the close on Friday, as losses in the Healthcare, Telecoms and Consumer Goods sectors led shares lower. At the close in Amsterdam, the AEX lost 0.08%. The best performers of the session on the AEX were SBM Offshore NV (AS:SBMO), which rose 1.10% or 0.17 points to trade at 15.15 at the close. Meanwhile, ... Read More »

Netherlands to receive LNG cargo from U.S. Sabine Pass plant

Morocco to shortlist 3 firms for LNG imports deal

LONDON: The Netherlands will receive its second-ever liquefied natural gas (LNG) shipment from Cheniere Energy’s Sabine Pass export facility in the United States on Oct. 6, according to shipping data. The vessel, with a capacity of 166,031 cubic metres, is currently berthed at Sabine Pass, live ship-tracking data shows. The first delivery from Sabine Pass to the Gate terminal in ... Read More »

Netherlands bankruptcies at lowest level since 2001

bankrupty

AMSTERDAM: The number of companies in the Netherlands being declared bankrupt continues to decrease. In August 39 fewer companies were declared bankrupt than in July, Statistics Netherlands reported on Monday. The number of bankruptcies in the Netherlands is now at its lowest level since 2001. A total of 258 companies and institutions, excluding sole proprietorships, were declared bankrupt in August. ... Read More »

Dutch wholesale sales expand by 6.6% in Q2

Philippines Jan. exports rise at fastest pace in 3 years

AMSTERDAM: Turnover in the wholesale sector in the Netherlands rose by 6.6% in the second quarter, the national statistics office CBS reported on Tuesday. Sales increased in all sectors, producer confidence continued to grow and there were few bankruptcies, the CBS added. Petroleum traders booked turnover 8.6% higher in the period. Oil prices stabilised in the second quarter reducing price ... Read More »

Anti-tax avoidance measures under fire from employers, tax advisers

Sales-Tax

AMSTERDAM: The caretaker government may make the Netherlands a less attractive location for international business because of changes to the corporate tax system, the employers’ organisation VNO-NCW and tax advisers have warned, the Financieele Dagblad said on Monday. The employers and Dutch Order of Tax Advisors say the government is choosing the wrong parts of a European directive to tackle ... Read More »

Dutch construction sector continues to grow, turnover rises 6.3% in Q2

employement rises

AMSTERDAM: The Dutch construction sector has now been expanding for nearly three years in a row, the national statistics office CBS said on Thursday. Turnover grew 6.3% in the second quarter of this year, marking the 11th successive quarterly rise, the CBS said. In particular small and medium sized building firms have benefited, with rises of 9.3% and 8.7% respectively, ... Read More »

Dutch refinery fire reveals Europe’s dependence on imported diesel

fire

AMSTERDAM: Europe is known to be dependent on imported crude oil. But an incident at the EU’s biggest refinery this summer has shown that the European continent has also become dependent on import of diesel fuel. Europe is set to take a record of more than 2 million tonnes of US diesel in August after a string of refinery woes ... Read More »

Dutch exports to Britain fall in 2017 first half, rise to rest of EU

Morocco’s auto industry exports likely to rise to $10b by 2020

AMSTERDAM: Dutch exports to Britain fell 2% in the first six months of this year compared with the year earlier period, according to new trade figures from national statistics office CBS. By contrast, Dutch exports to the rest of the European Union were up 11% on the first half of 2016. In 2015 and 2016, exports to Britain rose more ... Read More »

Dutch economic growth set to reach 3.3% this year

sales growth

AMSTERDAM: The government’s macro-economic policy unit CPB on Wednesday revised its growth forecasts for the Dutch economy upwards to 3.3% this year and 2.5% in 2018. The increase is due to the ‘very strong second quarter’ and would mark the ‘the first time since the beginning of the crisis (2007) that growth is higher than 3%’. The figures are contained ... Read More »

Netherlands urged to improve company bike tax rules

138-day-Tax-rule-660x330

AMSTERDAM: Dutch tax rules surrounding the provision of company bicycles are complex and discourage people from cycling to their place of work, a Dutch motoring organization has said. Current rules for bicycles provided to employees by their employers work on a similar basis as company cars, in that bikes are generally leased by employers with tax based on the amount ... Read More »

MPs want answers about new tax avoidance trend

Belastingdienst Dutch Tax Office

AMSTERDAM: MPs have called on the caretaker government to make a statement about the growing use of ‘funds for common account’, which allow wealthy individuals to avoid inclusion in public company ownership registers by setting up a joint fund for their assets. The funds are taxed according to the actual profit they make and have been used by wealthy families ... Read More »

Germany imports 5 billion eggs from Netherlands

3565-Korea-to-open-eggs-trade-with-Thailand

AMSTERDAM/BERLIN: Germany has imported 5 billion eggs over the last year from the Netherlands, where Europe’s escalating insecticide-tainted egg scandal originated last week. According to Germany’s Federal Statistical Office (Destatis) millions of eggs containing the insecticide fipronil made their way to German markets. Most of the tainted eggs were imported from Belgium and the Netherlands. In 2016, Germany produced more ... Read More »

Dutch KLM claims to continue growth in July

klm

AMSTERDAM: Dutch flag carrier KLM continues to be upbeat about results for 2017. Following on positive traffic figures over the first six months of 2017, July similarly showed a continued increase in passenger numbers, KLM said in a statement on Wednesday. KLM registered 6.5% more passengers in July against a 2.4% increase in available capacity. This brings the load factor ... Read More »

RBS to make Amsterdam new trading hub

RBS

AMSTERDAM: Royal Bank of Scotland has picked Amsterdam as its post-Brexit European Union trading hub and will deliver 150 jobs in the Dutch capital, chief executive Ross McEwan said. Speaking at the presentation of the bank’s second quarter results, McEwan said the bank will build up its minor Amsterdam unit so that its trading division NatWest Markets can continue operating ... Read More »

Shell shuts Pernis plant until mid August for safety reasons

Shell shuts Pernis plant

ROTTERDAM: The massive Shell refinery in Rotterdam’s port area will remain closed until mid August at least after last weekend’s huge fire, the company has told news agency AFP. The Pernis refinery is capable of processing 400,000 barrels of petroleum products a day and is said to be the biggest refinery in Europe. There are 60 factories on the site. ... Read More »