On Queen’s Speech, ‘Prinsjesdag’ in Dutch, the new Dutch cabinet Rutte III pronounced its ambitious Tax Plan 2018. Over the last months, the Tax Plan instigated many discussions and far more confusion. The 19th of December, the final ruling of the First Chamber took place. Here, you may find an overview of the actual fiscal changes that will go into effect on January 1, 2018.
Do you or your clients offer services to foreign customers? Does your company provide services abroad? Then VAT compliance can be quite a hurdle. On one hand, the services were delivered by a company settled in the Netherlands. The beneficiary of those services, on the other hand, is situated abroad. This makes filing taxes a confusing affair.
The new year usually comes with new resolutions and plans. This isn’t any less true for the Dutch government. It plans on several law adjustments that will be in effect starting January 1, 2018. Among these adjustments are tax changes. The resolution behind these changes is the aim to improve the Netherlands’ fiscal climate. In order to achieve this ambitious plan, the government will adapt corporate income tax, dividend tax and VAT. Furthermore, there are several other rearrangements concerning multinationals. The…
Great News! The draft bill concerning the Dutch withholding tax contains several decrees that both tightens and broadens the Dutch dividend withholding tax exemption has been sent to parliament. It provides for relief from double taxation in genuine corporate structures. This legislation makes the Netherlands more attractive for corporate structures.
The Netherlands love their expats. The Dutch ones abroad, but even more so the foreign ones over here. To attract highly skilled and well-paid professionals, the Dutch Tax Authorities grant them the so-called 30% ruling. The 30% ruling seems as simple as it is attractive: 30% of your salary will not be taxed. I can’t possibly say it is not attractive. Getting and keeping it, however, may be tricky. We have seen applications been turned down for lack of evidence;…
The Netherlands: Are you planning to launch a new business? Or are you considering taking your existing operations to an international level? Then you may well be doing yourself a disservice by dismissing the Netherlands out of hand! For this reason, we have put together the following selection of Dutch plus points. Official name: Population: Kingdom of the Netherlands 17,080,575 Capital city: Seat of government: Amsterdam The Hague Currency: Surface area: Euro 41,543 km2 (16,040 mi2) Geography and infrastructure…
How hard can it be to open a bank account in a foreign country? Actually, it can be quite a challenge if this country is the Netherlands! This blog offers you a selection of “tips and tricks”, to help you negotiate the rocky road to Dutch bank account ownership. Opening a business account Opening a business account with a Dutch bank in principle calls for a Chamber of Commerce (KvK) file number. The only way of obtaining such a file…
Gains and losses from a participation are normally not part of the taxable profits. The Dutch Participation Exemption (PE) scheme guarantees that profits, which are charged to a subsidiary, will not be charged again to the parent company. This article explains how the exemption works in practice. Companies which are tax resident in the Netherlands are generally subject to Dutch corporate income tax (CIT). The regular CIT rate of 20-25% applies to a company’s worldwide profits. The worldwide profits include business…
Private shareholding: how can I keep my shareholding in a Dutch BV private? In order to set up a Dutch Limited Liability Company, you will need to fulfil “know your client procedures”, so that the Dutch notary will know who the shareholder is. However, sometimes you may want to keep your shareholding confidential. If the “know your client procedures” has been fulfilled, you can make your shareholding in a Dutch BV as private as you deem appropriate. There are various…