What changes?
Are you ending part of your business due to a government measure? For example, are you using a termination scheme? From 1 January 2024, you can also use the reinvestment reserve (HIR, in Dutch) to invest in another (second) business, for example.
The reinvestment reserve allows you to defer tax under certain conditions if you sell an asset at a profit. For example, you can use the reinvestment reserve to buy a machine or vehicle for your business. You do not have to pay tax on that portion of your profit yet. At the moment, you are not allowed to use the reinvestment reserve for another (second) business. From 2024, you will be allowed to do so.
For whom?
- entrepreneurs who end part of their businesses because of government measures
When?
The change in law is expected to enter into effect on 1 January 2024.
Please note: The effective date of this measure is not yet final. Entry into force is subject to its passing through the Upper and Lower Houses (Eerste en Tweede Kamer) of parliament or proclamation of the Order in Council (Algemene Maatregel van Bestuur, AMvB) or ministerial decree and publication in the Staatsblad or Staatscourant (Government Gazette, in Dutch).