The Netherlands published Decree No. 2020-54978 of 23 April 2020 in the Official Gazette on 12 May 2020. The decree includes updated guidance regarding expenses that are non-deductible or are limited in deduction for tax purposes. The main update is the removal of a prior section 1.4 'Periodic penalty payments are not fines', in connection with amendments to Article 3.14 of the Income Tax Act 2001 with effect from 1 January 2020. Prior to 1 January 2020, periodic penalty payments were deductible because they were not considered fines, but as a result of the amendments, costs and charges related to...