Conjunctural law

Original Language Title: Conjunctuurwet

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Act of 24 December 1970, temporarily increasing or reducing the tax on the basis of conjunctural considerations

We JULIANA, at the grace of God, Queen of the Netherlands, Princess of Orange-Nassau, etc., etc., etc.

All of them, who will see or hear these, saluut! do know:

In this regard, we considered that it would be desirable for the instruments to be used to influence the economic situation to add to the possibility of income tax, payroll tax, corporation tax, turnover tax and the possibility of raising taxes on the economy. temporarily increasing or reducing the special consumption tax of passenger cars in the short term;

In this way, we, the Council of State, and with the mean consultations of the States-General, have been well-regarded and understood to be right and to be understood by the following:


Article 1

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  • 1 Our Minister may, in agreement with our Minister of Economic Affairs, income tax, corporation tax, tax tax levied according to the provisions of Article 9, 1st paragraph, and in Article 20, first paragraph, of the Law on Turnover Tax, 1968 ( Stb. (329) increase or reduce the rates of taxation and the taxation of passenger cars and motorcycles with a maximum percentage of not more than five. The increase or reduction and the termination of the increase or reduction shall not apply earlier than from the calendar quarter that begins after the expiry of the decision has elapsed since the decision has been taken. Where the increase or reduction will be applied from a time coincides with or not more than six months from the date of entry into force of any increase in one of these increases in the form of an increase in the amount of one of these measures The Minister may, for that tax, limit or reduce the increase or reduction.

  • 2 A copy of this Decision shall be forwarded to the States General after the adoption of a decision to increase or reduce it. This copy shall be accompanied by a note containing the grounds of the decision, which shall be based on the economic circumstances and prospects.

  • 3 Within two months of the adoption of a decision to increase or decrease, and to the expiry of a period of 12 months after the date of its adoption, the decision shall be taken, unless the decision has been withdrawn and the increase or reduction to be taken into account. does not apply after the end of the calendar quarter in which the decision to revoke has been reached-a proposal from the Act to approve, to the maintenance of the approval, to the Second Chamber of the European Parliament States General.

  • 4 If the proposal is repealed, or if one of the Chambers of the States-General decides not to adopt the proposal, the decision to increase or reduce the proposal shall be withdrawn without delay.

  • 5 An increase or reduction of taxes as referred to in paragraph 1 shall be accompanied by a reduction or reduction in the period in which it is in force. an increase in capital expenditure of at least one fifth of the amount of the tax estimated to be the change in tax. The proposal of the Act referred to in paragraph 3 shall be accompanied by a note, summaryof the recent evolution of the State's finances, of the changes deemed necessary in the State expenditure, and of the intentions to be taken. of the financing.

  • 6 The increase in the tax revenue resulting from an increase under the first paragraph shall not be used for expenditure of the Kingdom, the provinces and the municipalities. The reduction of the tax revenue resulting from a reduction under the first paragraph shall not be charged to the expenditure of the Kingdom, the provinces and the municipalities.


Article 2

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  • 1 Our Minister governs the calculation of the Article 1 increased or reduced taxes in such a way that the increase or reduction is taken into account for the purposes of income tax and corporation tax, as appropriate, as appropriate.

  • 2 The Minister also regulates the turnover tax and the taxation of motor cars and motor cycles, which he considers necessary to make any adjustments to the increase or reduction.

  • 3 Our Minister is empowered to derogate from the rate of increase or reduction in the application of formulae and rounding out to a small extent.


Article 3

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  • 1 This Act shall enter into force from the second day following the date of issuance of the State Sheet , in which she is placed.

  • 2 With regard to an increase in income tax, payroll tax, corporation tax, the special consumption tax of passenger cars and excise duty on petrol with a percentage of three, applicable from 1 January 2008 January 1971, remains Article 1 (1), first paragraph, second sentence , out of application.

Burdens and orders, which are in the State Sheet will be placed, and that all Ministerial Departments, Authorities, Colleges and Officials, who so concern, will keep their hands on the precise execution.

Given at Paleize Soestdijk, 24 December 1970

JULIANA.

The Minister of Finance,

H. J. WITTEVEEN.

The Secretary of State for Finance,

F. H. M. GRAPPERHAUS.

Published the twenty-ninth December 1970.

The Minister of Justice, a.i.,

H. K. J. BEERNINK.