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Dutch Senate passes bill amending the Mining Act related to the removal or re-use of mining works and investment deductions

02 February 2021

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Tax Alerts, Legislation & Policy, Na...

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Netherlands

Executive summaryOn 26 January 2021, the Dutch Senate passed the bill to amend the Mining Act1 to further stimulate investments in the Dutch Mining industry. The bill also intends to prevent that natural gas reserves are left behind when existing infrastructure is being decommissioned.This bill clarifies, and complements, the provisions of the Mining Act concerning the removal and re-use of the infrastructure used for mining activities and the financial collateral to be provided in that context. The bill also introduces compulsory decommissioning agreements and could potentially provide for new opportunities for market players to re-assess their Dutch Exploration and Production...