On 20 September 2022, the Dutch government released the budget proposals, which includes certain amendments to Dutch tax laws. At a high level, the impact of the Tax Plan 2023 on most corporate taxpayers will likely be limited. The more impactful measures that are announced by the Dutch government, such as the Dutch implementation of Pillar 2, require further consideration by the government and are expected in the course of next year and be effective the earliest at 1 January 2024. As a next step, the measures announced will be discussed in Parliament in the coming weeks and, when approved, most of the new rules will be implemented effective 1 January 2023.
On 25 June 2021, the Brazilian federal government submitted to the National Congress the second phase of the tax reform project.
The proposed legislation (“Proposal”) will be sent to the Senate after approval by the House of Representatives. If no amendments are deemed necessary and the president promulgates the proposed legislation, the law will enter into force on 1 January 2022.