Since 2008, new tax rules have applied to housing corporations. In principle, these corporations have been fully liable for corporate tax since 1 January 2008, necessitating a radical change to your tax reporting and how you determine your scope for tax relief and your tax position. Deloitte experts have a unique understanding of this area, and will be pleased to advise and help you.

In practice
The new tax situation arose because the government terminated the first binding agreement ("Vaststellingsovereenkomst" or VSO) with the housing corporations. The sector is currently awaiting the new, definitive agreements with the government (VSO II). The VSO II is expected to be clarified in the near future, enabling housing corporations to ascertain their optimum tax position and work this into the management of their business.

The Deloitte approach
With their extensive market knowledge and experience in this sector (including in regard to the VSO), Deloitte Tax specialists are supremely well-qualified to support and assist you in this area, including in:

• developments surrounding the VSO II
• determining the opening balance sheet for tax purposes
• deciding on fiscal strategy in the face of growing complexity and risks in the taxation sphere.

Deloitte will offer you an appropriate solution, based partly on the use of our unique Tax Control Framework (TCF).

Our tax experts will be pleased to assist you with these and other issues. If necessary, you can make use of our multidisciplinary teams of auditors and consultants, with the focus on Housing and Space.

Further information 
If you would like to know more about your tax liability as a housing corporation, take a look at our office locator page to find an office near you.