Institutions with a noble objective that can stand to benefit from good fiscal structuring.
Foundations and PBOs
Foundations and PBOs often have an ideological purpose. Notwithstanding the commendable objectives, these organisations also face tax opportunities and threats. C&B More has ample experience in assisting foundations and PBOs.
A Public Benefit Organisation (PBO – algemeen nut beogende stichting (ANBI)) is a tax status that can provide many advantages. One of the main aspect is the exemption from inheritance and gift tax. In order to (continue to) qualify as a PBO, you have to constantly meet various conditions. One of the main conditions is that at least 90% of the PBO’s activities are geared towards the benefit of the community. We have full knowledge of the regulations in this area and can happily assist you with applying for PBO status. We can also be of assistance with any other aspects in this field, for instance when the tax authorities have asked questions about your status or if you want to set up a PBO as a private individual (see also director and major shareholder). In short, we can be your partner in taxation in the area of PBOs.
Tax liability and taxation for foundations are fascinating subjects. They include the question whether or not the foundation in question is doing business. It is a difficult question to answer, particularly because the answer can have major consequences. C&B More gladly brings its ample experience to the table to provide your foundation with the best possible advice about taxation and tax liability.
Prompted by European Union legislation, some government bodies became liable for taxation as of 1 January 2016. One question that immediately comes up is: Is your government body liable for taxation or not? If so, the details of taxation have to be examined. What is the opening balance and which part of the results are subject to taxation? In brief, these are all highly interesting questions that each have a major impact. We are happy to help you.
We heartily support donations to charities. Thankfully, there are options to make such donations in a fiscally attractive manner. For instance, you can make a periodic donation (at least five years) that is laid down in a deed to maximise your tax deduction. As a company, we can help you to make the best possible use of the tax deduction for gifts. And in some situations, you may want to consider to set up your own Public Benefit Organisation (PBO). But every situation is different and needs its own optimal solution. If you have plans to make a donation, please do not hesitate to contact us. We are happy to help.
— On 22 December, the Upper House approved the Tax Plan 2016. After the Tax Plan was passed in the Lower House, the government made several changes using a proposal to amend the bill. This was to ensure that there would be a majority in the Upper House in favour of the Tax Plan 2016. These … Continued