The European Commission has ordered the Netherlands to adapt its legislation to EU rules on financial services. Other member states were also warned.

The warning refers to an EU directive which must be observed when evaluating mergers and takeovers. This directive should have been incorporated into national law on 1 January of this year.

The Netherlands was also reprimanded because it has failed to include an EU directive on value-added tax into its fiscal laws. The directive allows for people who are financially or economically connected to be treated as if they were a single taxpayer.

(Stock photo)