[2021-02-10] Dutch compliance novelties Webinar: UBO Register & EU mandatory disclosure regime (MDR)

During this interactive webinar, Houthoff experts will address the latest compliance challenges and opportunities. Cecile Bonnier, representative for Houthoff in Tokyo, will elaborate the connection between Houthoff and Japan. Kyoko Tollenaar will provide a brief overview of who is considered to be a UBO and what this means for Dutch entities. Jeroen van Mourik will provide a short summary of the obligations under the Directive and what this means for Dutch entities of Japanese companies in practice.

UBO Register
On 7 July 2020, the Act implementing registration of ultimate beneficial owners of companies and other legal entities (“Act“) was published in the Dutch Government Gazette. This Act obliges legal entities (except listed companies and their direct and indirect full subsidiaries), as of 27 September 2020, to register information about their ultimate beneficial owner(s) (“UBO“) in a register kept by the Dutch Chamber of Commerce.

EU mandatory disclosure regime (MDR) 
Based on the EU Mandatory Disclosure Directive, certain transactions by companies must be reported to the national tax authorities by intermediaries but under conditions also by taxpayers. As of 1 January 2021 reportable transactions need to be reported to the tax authorities within 30 days. Although the scope of the Directive aims to combat potentially tax aggressive structures, transactions that may not have a tax avoidance character (eg (cross) border mergers, intercompany transfers of hard to value IP, business reorganizations, M&A transactions, certain financing arrangements) may also fall within the scope.

During the webinar a brief overview will be provided of the obligations under the Directive and what this means for Dutch entities of Japanese companies in practice.

Time: 9:00 – 10:30 (CET)

Language: English

Programme:

09:00   Opening | Luc Houben (Chairman of Dujat)

09:05   Houthoff in Japan | Cecile Bonnier (Representative in Tokyo)

09:15   UBO register | Kyoko Tollenaar (Partner at Houthoff)

09:45   Tax compliance | Jeroen van Mourik (Partner at Houthoff)

10:15   Q&A

10:30   Closing | Christa de Kemp (Managing Director of Dujat)