Once your company is established, several administrative steps must be completed. We support you with:

• Bookkeeping and VAT return procedures, with clear and practical guidelines.
• Payroll setup, including Wages Tax returns, and assistance with required employee documents and contracts.
• Scope assessment to determine whether a compulsory collective labor agreement (CLA) or company pension scheme applies to your business.
• Preparation of annual financial statements.
• Corporate Income Tax returns.
• Ongoing tax-efficient structuring of employee benefits and bonus schemes.

If you own a business in the Netherlands or are considering starting one, accurate financial reporting is essential for achieving success. Whether your business is newly established and you are still getting used to the Dutch corporate tax system, or you are preparing to make a significant decision for its future, keeping good accounts of your business is very important. It serves as the foundation of a thriving business and is crucial for informed decision-making. Here are a few reasons why to hire a Dutch accountant:

The certainty of correct reports & (interim) accounting reports.

For every business in the Netherlands, annually a financial report will have to be made with all the accounting details. This information will be processed in your (corporate) income tax return, depending on the business form. These details are also very useful: it enables you to have a good view of the way your business is heading. It also helps you make right important decisions when you have accurate financial information.

The need of professional business advice as to the opportunities and improvements of your business.

This can only be done, once more, with correct financial accounts! We are happy to advise you on the structure of your business and also look at the international tax laws if needed, as not only the Dutch tax law is relevant for international companies. Are you moving your business to the Netherlands? Seek advice on time, as the timing of the move can be important.

If you don’t know the Dutch corporate system well enough.

We will be happy to advise you and guide you through. We will look at your business and try and structure everything as favourable as possible and reducing your tax burden as much as possible. We will make sure you do not overlook anything, and will not miss any tax opportunities.

If you have a BV in the Netherlands.

There will be some extra requirements, which we will be happy to take care of for you, such as submitting the (corporate) income tax return to the Dutch chamber of Commerce (KvK).

You can focus on running your business

The accounts and financial matters are often not the favourite activity of business owners and entrepreneurs. If you have the peace of mind that your accounts and financial matters are in good hands, you can focus on the business itself and doing what you are good at. We can assure you that we will do the utmost to ensure that your accounts and financial matters are taken care of in the best possible way.

It isn’t hard to find reasons to move and start a business in the Netherlands or to move to the Netherlands with your business.The Dutch are known for having a good business climate. Not only is there good infrastructure, good healthcare and education, but the Dutch government actively promotes foreign direct investments. Here are a few things you will have to consider or do, when setting up a business in The Netherlands!

Structure

When bringing your business to The Netherlands or starting a business in the Netherlands, you will have to choose the right business structure for your business. We can help to determine which structure suits your company best. It can have a very big impact on your tax liability.

Registration

It sounds pretty straightforward, but yes, the first step if you want to set up your business in the Netherlands is to register with the Chamber of Commerce (KvK) and also with the Dutch Tax Office (Belastingdienst). We are happy to do this on your behalf. The communication with the Dutch Tax Office especially as a foreigner, can be time-consuming and complicated when having just moved country for example.

Eligible

It is wise to check if you are eligible for the Dutch tax benefits and deductions. Here is an overview of the available deductions:

• Self-employed deduction: This is a fixed deduction for self-employed entrepreneurs who meet certain conditions resulting in lower income tax.
• Starting deduction: This is a deduction for starting entrepreneurs, who qualify for the self-employed deduction. This applies for the first three years of business.
• SME Profit Exemption:  A percentage of the profit from small and medium-sized enterprises (SMEs) is exempt from tax. This reduces taxable profit and thus the amount of payable tax.
• Small Businesses Scheme (KOR): If your annual turnover is less than €20,000, you may qualify for the KOR. This means you do not have to pay VAT, but you also cannot reclaim VAT.
• Investment Deduction (Investeringsaftrek): This includes the small-scale investment deduction (KIA), energy investment deduction (EIA), and environmental investment deduction (MIA). These deductions are designed to encourage investments in business assets, energy-efficient, and environmentally friendly technologies.
• 30%-ruling: click here to view the most recent update, as the ruling has undergone a lot of changes recently. This favourable ruling allows the employer to reimburse 27% of the employee’s gross salary tax-free.

There are various requirements for these tax benefits and rulings. We can help you check if this applies in your situation and if you are eligible.

Complete service

Not only can we help you with registering your business and helping you choose the right structure for your business in the Netherlands, but also afterwards it is important to keep up to date with the latest changes in the Dutch tax laws. Finally, there are quarterly and yearly tax returns that will have to be filed. We would be happy to look after these as well. We offer a complete service, from setting up your business, to filing the needed returns and making sure your business is gaining maximum tax benefit, yet is tax-compliant as well. Contact us now!

New country, new tax system. Even if taxes aren’t the first thing you think about when moving country, they can become pretty important soon enough. Here is a brief overview of the Dutch tax system in the Netherlands, and how it works.

In what circumstances do I have to pay tax?

In the Netherlands, you have to pay taxes if you earn income while living in the Netherlands. So even if you are temporarily residing in the Netherlands as an expat, if you earn income from abroad, this will have to be declared in the Dutch tax return. Even if you don’t live in the Netherlands but if you work in the Netherlands, you will be taxed.

What kind of taxes are there?

Income tax

The first and most common tax is income tax. This means you declare your income in an annual tax return, which is called ‘aangifte inkomstenbelasting’. The deadline for this tax return is the first of May of the following year. If you are employed by a company, your income tax is automatically withheld from your salary by your employer. This withholding is known as wage tax and is included within payroll tax. However, if you are self-employed in the Netherlands, you are responsible for calculating and paying your income tax through the annual tax return process.

If you need to file a Dutch tax return, the Tax Office will send you a ‘aangiftebrief’, inviting you to file a tax return, for the previous year. If you don’t receive a letter, it is either because you don’t have to file a tax return, or because the Belastingdienst did not think it necessary to complete a form. However, sometimes interesting tax deductions can be applied and save you money, wherefore it is wise to (sometimes)  file a tax return on your own initiative. Read more here.

Income tax

Payroll tax, withheld from an employee’s salary by the employer, includes wage tax and national insurance contributions for pensions, unemployment, and other benefits. This monthly deduction saves employees from paying income tax later.

VAT tax

This is known as BTW or omzetbelasting in the Netherlands. All businesses, except certain foundations and associations, must include BTW in their pricing. The three BTW rates are 0%, 9%, and the most common, 21%. The BTW is declared via the ‘BTW aangifte’, which is to be filed each quarter.

Corporate tax

This is called vennootschapsbelasting. This is for businesses that are in the Netherlands and also to those that receive income from the Netherlands and are established abroad. On kvk.nl is a useful income tax calculator, so you can see what the effects of the 2024 have on your income.

Corporate tax

If you live abroad and the testator lived in the Netherlands, this means you have to pay Dutch inheritance tax, by filing an inheritance tax return. The other way round though, no inheritance tax has to be paid in the Netherlands. Read more here.

Corporate tax

If you have to pay gift tax, this will have to be filed in a separate gift tax return. There are many situations however, when you don’t need to pay gift tax. For example, if you receive a gift from abroad, and if the gift is from a non-resident or a resident that has emigrated more than a year ago, no gift tax has to be paid. If the gift is received from a person with the Dutch nationality, different rules apply. Read more here.

Transfer tax

Interestingly, there is no capital gains tax in the Netherlands yet! Transfer tax is also known as overdrachtsbelasting, which has to be paid when you buy a house or a department. Finally there are taxes such as gambling tax, motor vehicle tax and import tax.

Tax help

When you are new in the Netherlands, or your income tax return is more complex if for example you have assets abroad, a house in the Netherlands or you need to file an M-form, it is wise to hire a Dutch tax advisor or tax accountant. We would be happy to help you with your taxes!

Suurmond Tax consultants

Untaxing taxes!

We use Secudoc to guarantee the safe transfer of larger files and documents. If you want to send your files via Secudoc, please send us a request by email. You will then receive an email with a link that leads to the Secudoc upload page. After you upload your files, we can download your uploaded files only by using two-step verification. This provision is especially practical with a larger number of attachments or large files that cannot be sent in one e-mail.

Entrepreneurs can apply for the small business and/or starters deductions and research and development deduction. To be considered for these deductions, you will have to work as an entrepreneur for at least 1.225 hours a year. In case you have a part time employment besides your own business, more hours need to be spent on your enterprise than the part time job. If it is not altogether clear that you make the required number of hours, then make sure you register the hours related to your business.

The investment deductions, SME profit exemption as well as the depreciation facilities are also possible without the hours criterion. For the energy and environmental facilities, as well as the RDA (research and development) you have to make an application before the expense is made. For more information about thresholds, ceilings and criteria, please contact us.

Wondering why you should hire a Dutch accountant for the job? Here are four compelling reasons.

Tip 1: Navigate Dutch Tax Laws with Ease

Complying with Dutch tax laws and regulations can be a challenge. But fear not, Suurmond Tax Consultants has got your back! We ensure your filings are not only correct but also submitted on time. We also spare you the difficulty of having to communicate in a foreign language. Of course not only the language can constitute a problem, but also having to work your way through the complicated Dutch tax system often is a hard job for a foreigner. It is easy to misinterpret the system. We will guide you through the Dutch tax system with pleasure!

Tip 2: Optimize Your Tax Strategy by a Dutch accountant

Who doesn’t want to save money? Our tax accountants help optimising your tax strategy, potentially helping you benefit from incentives like the 30% ruling. Are you thinking of starting a business in the Netherlands? Then you may be able to request the 30% ruling. This means 30% of your salary is tax free. (link naar paginaaa)  If you are eligible, then the company and payroll will need to be set up before you start working. Read here how we can help you with setting up and keeping accounts.

Tip 3: Comprehensive Support and Guidance

 Starting and keeping a business running involves a multitude of financial tasks – from bookkeeping and auditing to payroll management and annual reporting. A Dutch accountant does not only offer expertise but also moral support in managing these essential aspects. Moreover, they can guide you in financial planning, investments, pensions, insurance, and inheritance, ensuring you’re on the right financial track.

Tip 4: Simplify Your Life and Save Time

Life as an entrepreneur can be hard work, and you need all the convenience you can get. Opting for a Dutch tax accountant who communicates in English streamlines your interactions with the Dutch tax authorities. No more language barriers! Plus, it just makes life easier when you have a knowledgeable Dutch accountant at your side to navigate you through the Dutch tax system.

Suurmond TaxConsultants is all for helping you start 2024 on the right financial footing. And what better way is there with a trusted Dutch tax accountant who speaks your language and the language of saving money and simplifying your financial journey! Contact us now, before the end of the year to see how we can help you.

Businesses in the Netherlands are liable to various taxes with each having their own characteristics. The main ones are turnover tax (VAT), Wages Tax, Income Tax and Corporate Income Tax. We can provide business tax advice for entrepeneurs in the Netherlands.

(Corporate) Income Tax

A sole trader or partnership is liable to Income Tax, whereas a limited company is submitted to Corporate Income Tax. Both taxes have their own tax facilities and deduction possibilities.

Our office will complete the annual Dutch corporate tax return in the most advantageous way and we will identify further tax-saving opportunities. Our office is dedicated to reducing the tax burden of your enterprise as much as possible. The corporate tax return will be submitted through our accountants and tax software, which enables us to communicate efficiently with the Tax Office.

VAT

In the Netherlands, apart from the tax returns on the profit made within a business, also turnover tax returns will have to be submitted in order to declare the claimable and payable/due VAT (BTW in Dutch). Also depending on the size of the business, this can be done on monthly, quarterly or yearly basis. For international transactions within the EU, also an ICP form will have to be submitted similarly. Read more about VAT in the Netherlands here.

Wages tax/Payroll

If your business has got employees you will need to set up a payroll administration to make sure the correct amounts for Wages Tax and social security premiums are withheld and paid. The Wages Tax return will have to be submitted monthly. This is also required for the director/owner of a B.V. company, who is regarded as an employee of this business. We can take care of the payroll administration together with the tax requirements and also provide advice for your employment issues.

In your business a lot of international transactions take place and you would like to know how this affects the turnover tax (BTW). You are starting up a business and need tax advice on the available Dutch business structures. Your company based in another country does business in The Netherlands and you want to make sure whether it is liable to any Dutch taxation. You want to employ people from abroad and would like to confirm that they qualify for the 30% ruling. This is where our business tax advice can help you.

In the immensely complex international tax legislation often more questions come up than you care to recount. Whether you have a brief question or an extensive fiscal problem, our experts will provide you with an answer. Best results are obtained if you contact us for tax advice as early as possible when the situation still can be optimized.

For international companies not only Dutch tax law is relevant, but also tax laws in other nations and international tax treaties. This causes complicated situations, but at the same time opens up opportunities for international tax advice and tax planning. In order to avoid double taxation for example it is important that participation exemption applies to the income earned from the foreign subsidiaries.

Do you have a dispute with the Tax Office and do you need professional assistance? J.C. Suurmond & zn. Tax consultants does not hesitate to take over your case and defend your interests by appeal to the Tax Office and if necessary up to the High Court.

Example situations of business tax advice

If you are thinking of starting a business in The Netherlands many legal and fiscal aspects will have to be taken into account. Decisions taken when starting a business often have long-term consequences – either positively or negatively. International business structures need careful tax planning in order to design the most tax efficient structure. Therefore it is important to acquire professional advice. You can contact us for advice.

Our advisors can advise you on the best way of starting a business in the Netherlands and can support you with:

• assisting with incorporation and registering with the Chamber of Commerce;
• submitting the necessary forms to the Tax Office and other authorities;
• drafting a business plan and organising the accounts;
• deciding which business type you want to use, for example sole trader, partnership or limited liability company, which each have their own legal characteristics and tax facilities.

Corporate tax rates

The business investment climate is very favourable in The Netherlands. The corporate tax income rate for example is only 20 to 25%. Research & development projects profit from the innovation box, with a corporate tax rate down to 5%. The Netherlands has got one of the largest tax treaty networks, thus avoiding double taxation with many countries. The Dutch participation exemption causes dividends from qualifying shareholdings to be enjoyed tax free and the fiscal unity regime makes it possible to freely offset profits and losses among group members. Maybe yet more important is the beneficial fiscal climate towards international companies.

Corporate tax facilities

The corporate tax facilities together make international business structures very tax efficient. On top of all this there is the 30% tax ruling for expatriates recruited from abroad, which makes 30% of their income tax free along with other advantages.