Two Dutch corporate income tax rates are applicable, for taxable income up to EUR 200,000 a tax rate of 19% applies as from 1 January 2019 and 25% on the excess. These rates shall reduce to 16.5% and 22.55% in 2020 and to 15% and 20.5% starting on 1 January 2021.
Tax losses could be carried forward for nine years until 1 January 2019. From 1 January 2019 onwards, tax losses can only be carried forward for six years. Tax losses incurred prior to fiscal years starting on or after 1 January 2019 can still be carried forward for nine years.
Depreciation of real estate that is not used by the taxpayer itself is only allowed to the WOZ-value, whereas depreciation of real estate that was used by the taxpayer itself was allowed to 50% of the WOZ-value. This difference in depreciation of real estate used by the taxpayer itself (or affiliated companies) and other real estate has been eliminated as per 1 January 2019. From 1 January 2019 and onwards, depreciation of real estate has been restricted to the WOZ-value for both real estate used by the taxpayer itself and other real estate. No upward revaluation has to be taken into account if real estate has already been depreciated below the WOZ-value. Real estate that has been in use by the taxpayer prior to 1 January 2019 and which has been depreciated for less than three years can still be depreciated in accordance with the previous regime until in total three years under the previous regime has been depreciated.