In our earlier news flash, we outlined the details of the job related investment tax credit. The Dutch government announced the cancellation of the entire regulation. During informal discussions, the European Commission expressed that it cannot be guaranteed that the regulation qualifies as justified State Aid.
It can take up an extensive period before the final decision is published. Because this uncertainty is undesirable, the regulation is cancelled as of 1 January 2021 (effectively, it hasn’t entered into force). An alternative regulation – in the form of lowering employers’ costs – is currently being explored.
01 June 2021
