Business Reforms in Netherlands
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Getting Credit: The Netherlands improved access to credit information by lowering the minimum loan amount to be included in the credit bureau’s database.
Paying Taxes: The Netherlands made paying taxes less costly by lowering the rates paid by employers for health insurance contributions, special unemployment insurance, unemployment insurance and real estate taxes. The Netherlands also made paying taxes easier by improving the online system for paying corporate income tax. However, the Netherlands made paying taxes more costly by increasing the rates for disablement insurance contribution paid by employers, polder board tax and motor tax.
Labor Market Regulation: The Netherlands reduced the maximum duration of fixed-term contracts from 36 to 24 months. Severance pay was introduced for redundancy dismissals for employees with at least 2 years of continuous employment.
Paying Taxes: The Netherlands made paying taxes more costly for companies by increasing employer-paid labor contributions as well as road taxes, property taxes and polder board taxes.
Starting a Business: The Netherlands made starting a business easier by abolishing the minimum capital requirement.
Registering Property: The Netherlands made transferring property easier by increasing the efficiency of the title search process.
Getting Credit: The Netherlands weakened its secured transactions system through an amendment to the Collection of State Taxes Act that grants priority outside bankruptcy to tax claims over secured creditors’ claims.
Starting a Business: The Netherlands made starting a business easier by eliminating the requirement for a declaration of nonobjection by the Ministry of Justice before incorporation.
Dealing with Construction Permits: The Netherlands made dealing with construction permits simpler by merging several approvals and implementing an online application system.
Protecting Minority Investors: The Netherlands strengthened investor protections through a new law regulating the approval of related-party transactions.
Trading across Borders: The Netherlands made importing easier by introducing a new web-based system for cargo release at the port terminals in Rotterdam.
Paying Taxes: The Netherlands reduced the frequency of filing and paying value added taxes from monthly to quarterly and allowed small entities to use their annual accounts as the basis for computing their corporate income tax.
Dealing with Construction Permits: The Netherlands improved its construction regulation process through a new spatial planning law.
Paying Taxes: The Netherlands made paying taxes less costly for companies by reducing the corporate income tax rate, social security contribution rates and the rates of several other taxes.