The government wishes to narrow the gap between flexible employees and employees with a permanent contract. To make the permanent contract more attractive to employers, the government has introduced The Balanced Labour Market Act (hereinafter the WAB). Starting from 1 January 2020, there will be...
Since the beginning of this year, a great number of new rules and regulations have come into effect. Here is a rundown of two legislative changes that are to take effect on the 1st of July 2019 and the beginning of 2020. Increase of minimum wage...
Since 1 January, 2019, new rules regarding the issuance of vouchers have been enforced. If your company issues vouchers or intends to, these rules might affect your Value Added Tax (VAT) return, cash flow and bookkeeping significantly. What are vouchers under the new rules? The Dutch tax...
The current small business ruling (kleineondernemersregeling in Dutch; hereafter referred to as KOR) will change from the 1st of January 2020. As from the 1st of January 2020, entrepreneurs can opt for an exemption from the VAT obligation. This article outlines the changes that you...
Every year on the third Tuesday of September, the Dutch government reveals its Tax Plan for the coming year to the House of Representatives (Tweede Kamer). This day is known as ‘Prinsjesdag’ (Budget day). The revealing of the Tax Plan on this day is obligated...
The Dutch Rutte III Cabinet is planning to increase the reduced value-added tax (VAT) rate from 6% to 9% effective on 1st of January 2019. The Senate and the House of Representatives must still agree to the change which is intended to be part of...
The Dutch Cabinet has introduced new amendments that will be presented to The Senate of the Netherlands and House of Representative of the Netherlands on Prinsjesdag this year. These amendments will have big impact on employers and employees. The Tax Authorities has recently sent letters...
Companies in the Netherlands must comply to the regulations set by the European union and the Dutch authorities. According to the law Wwft (Wet ter voorkoming van witwassen en financieren van terrorisme), nowadays all kind of organizations in the Netherlands are recommended to establish an...
As a member of the European Union, the Netherlands allows Dutch companies to easily import and export goods to and from other EU-countries. However, this also comes with additional administrative requirements that importing and exporting companies must fulfill. Aside from the VAT return, the exporting...
The Netherlands, as one of the world’s largest recipient of foreign investment, has a very stable economy environment, with relatively low deficits and inflation rate. From a tax perspective, the Netherlands is open and attractive for financing activities due to the country’s tax authorities’ pragmatic...