Yesterday several tax measures were announced by the Dutch Ministry of Finance as part of the 2025 Budget Day Tax Plans which may impact the private equity industry. There were few surprises this year, as most changes had already been announced. The changes previously announced, for which no further details were provided yesterday, are not covered in this alert. For those, we refer you to our earlier alert: Dutch Budget Day 2024 - What to Expect for Private Equity Real Estate?