Innovation, as a driver of a nation’s economic growth, is valued very highly by governments. The Dutch government, in order to encourage the innovation process of companies in the country, introduced innovation box in 2007 and implemented changes in regulations from January, 2017. What is the...
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...
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...
If a company needs financial resources, this can be met within a group. For example, a parent company can provide funds as equity. In exchange for this equity, the subsidiary will pay dividend to the parent company. Based on the participation exemption in the Dutch...
The Wages and Allowances Act (Wtl) consists of 3 schemes for employers. The government aims to employ people or keep employees with a vulnerable position on the labour market with these schemes. The act consists of the labour cost benefit (LKV), the low income benefit...
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....
Every Dutch company has a chance of being audited by the Dutch tax authorities. During a tax audit, the Dutch tax authorities review the entire accounting file of the company and they often find something incorrect. This article will address the top five topics in...
In difficult times, companies might not always be profitable. The Dutch tax authority allows companies to offset the incurred losses against past and future profits under certain conditions. This tax loss relief deduction is called carry-back and carry-forward. With regards to income tax and corporate tax,...
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...
Cryptocurrency is a form of digital currency and has become very popular in the recent years. It is designed with the intention of being anonymous and secure. By using decentralized technology, cryptocurrencies make it possible for users to carry out secure payments and store money...