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Dutch firms must be more export-minded: Report

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AMSTERDAM: Despite the fact that the Netherlands has the second largest trade surplus in the EU, Dutch companies must become more export-conscious, an advisory report for the next government claims, the Financieele Dagblad said on Friday. The Dutch trade surplus in 2016 was the second-highest in the EU at 10.9% of GDP. Ireland was far and away the highest at ... Read More »

Netherlands’ Port of Rotterdam: Increase in throughput of biofuels

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Bij containeroverslagbedrijf ECT op de Maasvlakte worden containers overgeslagen met behulp van kranen en agv's.
Foto; Freek van Arkel/Havenbedrijf Rotterdam

ROTTERDAM: The throughput of biofuels in Rotterdam, Europe’s premier port for the storage and handling of biofuels, increased over the past year. The total throughput volume rose to 4.8 million tonnes – an increase of over 6% compared to 2015. The strongest growth in the past year was recorded in the biodiesel (1) segment, which increased by 23% to 3.5 ... Read More »

AmEx must share Dutch account info with IRS

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AMSTERDAM: American Express Co. must produce information to U.S. tax authorities seeking the identities of Dutch residents with debit or credit cards linked to bank accounts outside the Netherlands. The Internal Revenue Service requested the information to help the Dutch government determine if people living outside the Netherlands are complying with tax laws, according to a Justice Department statement on ... Read More »

Dutch tax payers to bear €41.4m as Royal budget

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AMSTERDAM: This year the Royal Family will cost the government budget, and Dutch taxpayers, 41.4 million Euros, according to Business Insider. That includes the “constitutional benefit” for King Willem-Alexander, Queen Maxima and Princess Beatrix as well as expense compensation for them. This year the King receives 888 thousand Euros in constitutional benefit, Queen Maxima gets 352 thousand Euros and Princess ... Read More »

Dutch Randstad’s Q1 revenue hikes 6%

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AMSTERDAM: First-quarter revenue at Randstad Holding NV rose 6% on an organic basis, which excludes the impact of currency, acquisitions and divestitures and adjusts for working days. European markets fueled the growth, with revenue up 23% on an organic basis in Italy and up 10% on an organic basis in Belgium & Luxembourg. Revenue edged up 1% on an organic ... Read More »

Netherlands must improve investment climate: DTIB

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AMSTERDAM: If the Netherlands is to continue to grow as an international trading country, then it must have the best fiscal investment climate in Europe, according to a report by the semi-governmental Dutch Trade & Investment Board (DTIB). The DTIB report also said that talented students, start-ups, entrepreneurs, skilled labourers and scientists should be encouraged to remain the the Netherlands, ... Read More »

Dutch port Rotterdam forecasts climate change

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AMSTERDAM: Rotterdam’s port area is effectively protected against floods. While most of the port area is situated outside the dikes, these port sites are elevated relatively high above sea level and are partly protected by storm surge barriers. Only under particularly extreme weather conditions will a small number of companies be affected by limited flooding. This is one of the ... Read More »

Dutch trade delegation visits Zambia

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CHISAMBA: A Dutch trade Mission comprising eighteen companies engaged in poultry and milk production is expected in Zambia on Tuesday to exhibit at the fourth coming Agrictech Expo Zambia in Chisamba. The Trade mission which is the largest will also have companies that are engaged in the production of software for poultry management. Netherlands Embassy Trade Advisor, Nkuruma Kalaluka says ... Read More »

China-Netherlands economic cooperation forum held in The Hague

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THE HAGUE: A total of 41 intentions of cooperation were reached among more than 100 Chinese and Dutch enterprises during the the first edition of “China-Netherlands Economic Cooperation Forum” held Friday. The event was also hailed as a major event to celebrate the 45th anniversary of the establishment of diplomatic relations between the two countries. Chinese Ambassador to the Netherlands ... Read More »

Dutch industry is increasingly dependent upon exports

Cars for export stand in a parking area at a shipping terminal in the harbour of the German northern town of Bremerhaven, late October 8, 2012. REUTERS/Fabian Bimmer

AMSTERDAM: Dutch industry is largely reliant on exports with 70% of sales in 2015 going abroad, according to a report by the national statistics office CBS published on Wednesday. This is the highest percentage in 20 years. The industrial sector is far more dependent upon exports than the economy is as a whole, with only 32% of the economy export-dependent. ... Read More »

Tax rulings issued by Dutch tax authority fall

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AMSTERDAM: The Dutch tax authority signed tax agreements with 539 companies in 2016, almost 100 fewer than in 2015, Secretary of State for Finance Eric Wiebes has revealed. Wiebes informed parliament in a letter presented on April 14 that the 539 tax agreements concluded last year consisted of 348 advanced tax rulings (ATRs) and 191 advanced pricing agreements (APAs). However, ... Read More »

Dutch tax office made advance deals with over 500 firms in 2016

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AMSTERDAM: The Dutch tax office made separate tax rulings with 539 companies in 2016, down from 642 such deals in the previous year, junior finance minister Eric Wiebes has told parliament in answer to MPs’ questions. The tax office has made 4,413 advance rulings about tax obligations over the past seven years and the 2016 total is the lowest since ... Read More »

Dutch port Rotterdam anticipating climate change

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ROTTERDAM: Rotterdam’s port area is effectively protected against floods. While most of the port area is situated outside the dikes, these port sites are elevated relatively high above sea level and are partly protected by storm surge barriers. Only under particularly extreme weather conditions will a small number of companies be affected by limited flooding. This is one of the ... Read More »

Dutch exports rise 8% in February

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AMSTERDAM: The volume of Dutch exports rose by 8% in February compared with the year-earlier period, the national statistics office CBS said on Tuesday. This was the sharpest gain in six years, the CBS added. The increase was due largely to exports of machinery, chemical products and transport equipment, both manufactured in the Netherlands and shipped on from elsewhere. Imports ... Read More »

Dutch exports rise 8% in Feb, highest since 2011

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AMSTERDAM: The volume of Dutch exports rose by 8% in February compared with the year-earlier period, the national statistics office CBS said on Tuesday. This was the sharpest gain in six years, the CBS added. The increase was due largely to exports of machinery, chemical products and transport equipment, both manufactured in the Netherlands and shipped on from elsewhere. Imports ... Read More »

Netherlands stocks higher at close of trade, AEX up 0.46%

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AMSTERDAM: Netherlands stocks were higher after the close on Friday, as gains in the Telecoms, Oil & Gas and Technology sectors led shares higher. At the close in Amsterdam, the AEX gained 0.46% to hit a new 5-year high. The best performers of the session on the AEX were Altice NV (AS:ATCA), which rose 3.14% or 0.64 points to trade ... Read More »

Netherlands eyes for permanent position in G20

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AMSTERDAM: The Netherlands wants to be a permanent member of the G20 – an annual meeting of the 20 leading economies in the world. According to Minister Henk Kamp of Economic Affairs, the Netherlands deserves a spot on the G20 as the 17th largest economy in the world. “At the next G20 reshuffle, it is logical that the Netherlands will ... Read More »

Dutch-British tax fraud crackdown, cars, speedboat impounds

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LONDON: Dutch and British authorities seized assets worth 6 million Euros ($6.40 million), including luxury cars, a speedboat and villas and made one arrest after a cross-border tax fraud investigation. Dutch prosecutors said they had arrested a British woman, 46, as a result of the probe, which was triggered after she and her 51-year-old Dutch husband withdrew more than 300,000 ... Read More »

Dutch finance authorities agree upon controversial tax deals

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AMSTERDAM: State Secretaries of Finance Joop Wijn (2004), Frans Weekers (2011) and Eric Wiebes (2015) all agreed to make controversial tax deals with multinational corporations, and not tell other European countries about it, Trouw reports based on internal documents from the Ministry of Finance that were released last weeks. The documents show that Finanace officials internally warned for years of ... Read More »

Dutch tax office opens hunt for tax-dodging American Express users

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AMSTERDAM: Credit card company American Express has been told to hand over information to the US tax office tax authorities about Dutch residents with bank cards linked to accounts outside the Netherlands. The US tax service has asked for the information to help the Dutch government determine if residents are complying with local tax laws, Bloomberg quoted a justice department ... Read More »