Tax Reforms 2023 NetherlandsStarting from January 2023, some rules in the tax system for workers and entrepreneurs in the Netherlands will change. Income Tax (Box 1 – Income Tax Return) The first bracket of income tax will be reduced from 37.07% to 36.93% for taxpayers with incomes up to €73,031. However, for those earning above…
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1. What is the health insurance subsidy in the Netherlands? The health insurance subsidy, known as “zorgtoeslag” in the Netherlands, is financial aid provided by the government to help cover the costs of health insurance. This subsidy is intended for individuals with low or moderate incomes to assist them in meeting their healthcare insurance expenses.…
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Tax Credits Heffingskorting. A tax credit is a discount on income tax (Inkonstenbelasting) and social insurance contributions (Zorgverzekeringswet). This means you pay less taxes and premiums. The tax credits you receive depend on your personal situation. What tax credits exist? 1. General tax credit (Algemene heffingskorting): If you reside in the Netherlands and have to…
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Tax Obligations as a Self-Employed EenmanszaakI. What are the tax obligations of the self-employed? After registering as self-employed (eenmanszaak) or Vof (partnership) at the KVK, you will have two tax obligations: a) Income tax return (March-April) Check the following link: https://www.tax-in.com/en/incometax2023/ b) VAT Sales tax – BTW (January, April, July and October) The VAT Sales tax…
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Tips for Businesses During the PandemicWith this checklist, you’ll get the summary back. 10 tips to better control your company during the corona crisis. 1. Get information about your financial situation What do I have in cash, what do I need to receive and what do I have to pay? And when do I have…
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Financial Support for Self-Employed Individuals by Province In the following web pages you can find information where to ask for help in case you have financial problems with your company due to the Coronavirus phenomenon 1) Amsterdam https://www.amsterdam.nl/ondernemen/veelgestelde-vragen-corona-ondernemers/ondersteuning-zelfstandigen-zzp’ers/ https://www.amsterdam.nl/ondernemen/veelgestelde-vragen-corona-ondernemers/financiele-tegemoetkoming-voor/ 2) Den Haag https://www.denhaag.nl/nl/in-de-stad/ondernemen/coronavirus-informatie-voor-ondernemers.htm https://www.denhaag.nl/nl/algemeen/bijstand-voor-ondernemers.htm 3) Rotterdam https://www.rotterdam.nl/werken-leren/zelfstandig-ondernemers/ 4) Den Bosch https://www.s-hertogenbosch.nl/corona-ondernemers.html 5) Delft https://www.delft.nl/ondernemen/financiele-hulp/tijdelijke-overbrugging-zelfstandig-ondernemers 6) Utrecht https://pki.utrecht.nl/Loket/product/bfe4273bac2701db0de32393a75927dd 7) Flevoland https://www.zelfstandigenloketflevoland.nl/index.php/overig/intakeformulier 8) Leusden https://www.leusden.nl/publicaties/nieuws/nieuwsbericht/nieuws/News/detail/artikel/corona-en-ondernemers-490.html 9) Amersfoort https://www.amersfoort.nl/bericht/ondernemers-en-zzp-ers.htm…
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Important information about the Coronavirus for migrant workers in the Netherlands 1) Perhaps you are out of work due to the Coronavirus and may have to return to your home country. Before leaving, review the conditions of your employment contract, and make sure what your rights are. In the Netherlands, your employer has an obligation…
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Aid for Businesses Affected by COVID-19 Dear businessman, Did you know that the Dutch Government has implemented some support measures for small and large entrepreneurs affected by the coronavirus phenomenon? I invite you to review the following information that may be of benefit to your company. The government has implemented benefits in terms of deferment…
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New VAT Identification Number in the Netherlands Dear customers From the 1st of January 2020 the new VAT identification number will come into force All sole proprietorships (eenmanszaak) will receive a letter from the tax authorities with a new VAT identification number.Then, starting January 1, 2020, a new VAT identification number will be used. This…
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KOR Scheme in the Netherlands If your annual turnover does not exceed €20,000 (Revenue excluding VAT)? As of January 1, 2020, you can apply for the new Small Business Scheme (KOR). This grants you an exemption from your VAT responsibilities. In other words: a. You can NO LONGER reclaim VAT (BTW) on your business expenses…
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