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Often, directors as well as owners of a limited liability company (Besloten Vennootschap) or a public limited company (Naamloze Vennootschap) in the Netherlands, fail to recognize the company’s obligation to comply with Dutch statutory audit and consolidation requirements. As a consequence of such failure, the...

In the Netherlands, the Dutch tax authorities apply the margin scheme for the trade in second-hand goods, art pieces and collector items. Despite the fact that this VAT ruling has been around for years, the margin scheme might not always be clear to trading companies....

Entrepreneurs with multiple firms may find themselves spending a lot of time of filing VAT tax returns. Not only is this very time consuming, but it may also hinders the entrepreneur to invest his or her money on something else. In this case, a fiscal...