Taxation

With the Dutch House of Representatives (Tweede Kamerlid) passing the Actual Return Box 3 Act last week, the Netherlands will introduce “paper gains” as a basis for taxation starting in 2028. That is entirely unique in Europe. The patchwork of solutions Europe has devised for this tax will therefore gain a new addition.

Since 8 August, Belgian taxpayers have been able to declare untaxed income and assets through a new procedure for fiscal regularisation

Withholding tax reclaims are often slowed by factors outside an investor’s control. Yet, understanding when refunds should arrive is a severely underused investment tool for improving financial planning and control.

A deal struck at the G7 summit in June has given American multinationals a way around rules billed as a milestone in the global fight against corporate tax avoidance.

Longer withholding tax reclaim windows can be useful but faster recoveries deliver better results than relying on default timelines, writes Reuben John at WTax. Acting early allows investors put recovered cash to work sooner.

A new tax regime, set to take effect in 2026, has been designed to update how carried interest is treated for managers involved in alternative investment funds and private markets. The proposed law reflects Luxembourg’s ambitions as a global private market player.

The U.S. has dropped plans for a controversial tax provision that would have targeted foreign investors, but tax experts say the risk of fiscal retaliation hasn’t gone away.

Investors may believe their withholding tax (WHT) obligations are fully addressed. However, in practice, standard recovery approaches often concentrate on jurisdictions with more straightforward procedures, potentially overlooking opportunities in regions with more complex requirements.

Dividend investors are bracing for potential fallout from Section 899, a provision in Donald Trump’s proposed One Big, Beautiful Bill Act that could sharply raise US withholding taxes on dividends and interest income.

Standardized tax recovery processes often miss non-routine events, such as spin-offs. The Vivendi case highlights why fund managers should actively review all forms of cross-border withholding tax exposure.