Accelerated depreciation regime re-introduced for the remainder of 2013
On 28 June 2013, the Dutch government decided to re-introduce the possibility for accelerated depreciation for the remainder of 2013 [Decree of 28 June 2013, nr. DB2013/335M, Staatscourant 2 July 2013, Nr. 18345]. The aim of this measure is to temporarily improve the cash flow of companies. This facility will be welcomed by the business community.
In general, the straight-line depreciation method is used to depreciate assets in the Netherlands. All assets other than goodwill have to be depreciated in at least five years. However, for the years 2009–2011 at random depreciation was possible for new capital assets in which the company invested in these years. In the year of investment the maximum depreciation was 50 per cent. The remainder could be depreciated in the subsequent year or, if preferred, years. Several types of assets were excluded from this incentive. The most important exceptions were: real estate, land, public works assets such as land, road and water management facilities, cars and intangible fixed assets (including software). Furthermore, assets that were put at disposal of third parties were excluded from the incentive. Investments in ships, on the other hand, could qualify for this at random depreciation. This was a temporarily measure introduced to alleviate the effects of the economic crisis…
If you are registered and logged in to the site, click on the link below to read the rest of the Allen & Overy briefing. If not, please register or sign in with your details below.
News from Allen & Overy
News from The Lawyer
Briefings from Allen & Overy
A new Luxembourg act on the immobilisation of bearer shares and units was published in the Luxembourg Official Gazette on 14 August 2014.
OFAC has issued revised guidance relating to the status of entities owned by individuals or entities whose interests in property are blocked under executive orders.
Analysis from The Lawyer
At the time of its launch Accutrainee was described as a revolutionary change to the training model. Has it proved to be so? Not really.
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.