Why Branch Registration in the Netherlands is Important to consider as option to enter a new market
Registering a branch is an efficient, cost-effective way to expand your business into a foreign market. The Netherlands, with its robust...
top of page
It’s important to understand when you need to file your tax returns and pay your tax assessments.
In this chapter we will describe the most common tax returns:
Payroll tax
Paragraph :- Other type of taxes could be relevant, but since the three above mentioned taxes are most relevant, for most entrepreneurs, we focus only on these taxes in this article. For more tax requirements, check our Tax Requirements section.
heading1
Corporate income tax
Corporations are required to file a corporate tax return annually. The due date is five months after the end of the fiscal year of the company. Also for corporate tax further extension is possible upon request.
Generally the fiscal year is equal to the calendar year. However, corporate taxpayers may deviate from this.
Payment
At first you will receive a preliminary assessment from the Dutch tax authorities, which is based on the filed tax return. This preliminary assessment has not been checked by the Dutch tax authorities yet. After they have checked the return, a final assessment will follow. In both of these assessments the payment details are stated. Read more here on Dutch corporate taxes.
Our Annual
Holiday Sale
Add information about the promotion here. Click to edit the text and any details about the sale you want users to know.
heading2
VAT
Most companies in The Netherlands file their VAT returns on a quarterly basis. However it is also possible to file VAT returns monthly or even annually.
Monthly VAT returns are due two months after the ending of the concerning month. For example, the VAT return of october 2019 needs to be filed before the 31st of december 2019.
Quarterly VAT returns are due two months after the ending of the concerning month. For example, the VAT return of the first quarter of 2019 needs to be filed before the 31st of may 2019.
Annual VAT returns are due three months after the ending of the fiscal year. For example the VAT return of 2019 needs to be filed before the 31st of march 2020.
Payment
The payment of the due VAT must be done within two months after the end of the relevant period. It does not matter whether you file your VAT returns monthly, quarterly or annually.
heading3
Payroll tax
The return period for payroll tax is usually a period of one month or four weeks. This depends on the fact whether your personnel is paid every four weeks or monthly.
Payment
When you are obliged to file payroll tax returns you will receive a Payroll tax return letter. This letter contains the date on which the payment is due.
Welcome
to Our Site
Welcome visitors to your site with a short, engaging introduction. Double click to edit and add your own text.
Timetable Corporate tax filing requirements in The Netherlands
heaing4
The timetable below shows the timeframes and possible extensions relating to the financial statements process,as well as the requirement to file a corporate tax return. Please note that this does not apply to listed companies. For those companies, the financial statements must be prepared and made generally available within four months after year end. They must be adopted within six months after year end.
heading5
What if you don’t file your tax return, or are late?
Every tax return needs to be filed timely, complete and accurate.
The filing of an incomplete or inaccurate tax return can result in administrative penalties but also can constitute a criminal offence.
Did you not submit your corporate tax return on time?
Then you can receive a default penalty.
Are you deliberately not filing a declaration? Then you can be fined.
This is also possible if you intentionally file an incorrect or incomplete declaration.
If you are late with your declaration, you will first receive a reminder.
Do you not yet file a declaration? Then you will receive a reminder.
The reminder contains a new period within which you must submit the declaration.
Does your declaration come to us after that period? Then you will receive a default penalty because you did not file a tax return on time.
Are you not submitting a declaration at all?
Then you will receive an official assessment in addition to a fine.
In that case, we estimate the amount over which we calculate the tax.
If you do not (timely) request that a declaration be sent, the default penalty is € 2,757.
Level of absenteeism penalty if you do not report on time
The default penalty is € 385 if you do not (or do not report in time) for the following taxes:
income tax
inheritance tax
gift tax
The fine increases to € 5,514 if you fail more often.
If you do not (or do not report on time) for corporation tax, the default penalty is € 2,757. This penalty amounts to € 5,514 if you fail to file a declaration for several years in a row.
Amount of default penalty: not paying the assessment tax on time
The amount of the payment default penalty is based on the amount you should have paid.
The amount of the payment default penalty can amount to € 5,514.
Amount of offense fine: intent or gross negligence
For the amount of an offense fine, it is first of all important whether there is intent or gross negligence. On purpose, the fine amounts to 50% of the tax that you intentionally withheld. This is 25% for gross debt. Did you deliberately or incorrectly declare income from savings and investments (Box 3 income)? Then the fine is 150% of the tax that you intentionally withheld. For gross negligence, that is 75%. We also examine whether there are reasons or circumstances to further increase or decrease the fine. The fine will increase if, for example, you have already received an offense fine or if there is fraud. The fine then becomes 100%, and for income from savings or investments (box 3 income). The fine is lower if there are mitigating circumstances.
What rules should we follow?
The Tax Authorities must inform you in writing that they impose a fine and why. In the event of an offense fine, they do this before the fine is imposed. You can then indicate whether and why you do not agree with the fine. This may be reason for them not to impose the fine. Or to decrease the amount.
You have the right to inspect all data on the basis of which the fine is imposed. You are not obliged to answer all our questions. You must answer questions about the tax owed by you. You do not need to answer questions about the violation and the extent to which you can be blamed for willful misconduct or gross negligence. We must not question you without reminding you of your right to remain silent.
If you don’t agree with the fine, you can submit an objection.
You can prevent a fine by fulfilling your (declaration) obligations on time (on time), correctly and completely.
heading6
heading7
heading8
heading9
heading10
heading11
Category | Business Formation
This article will inform you on the different types of Dutch legal entities
How to start a sole proprietorship in the Netherlands in a few simple steps.
A holding company is really just a BV (Private Limited Company).
In this article we will explain you the details of the Formation Deed, and why they are so important.
Local Registered Address
Get your Dutch address in a heartbeat! And understand why!
Read Full Article
Start a Dutch NGO
Do you aim to have NO profit? The Dutch Stichting is perfect as NGO!
Read Full Article
Registered address requirement
The legal requirements and conditions of your Dutch virtual office.
Read Full Article
Our Services
-
What is House of Companies?House of Companies is in first instance a new concept in offering flexible office solutions and registered office addresses, covering more than 4.000 locations. Aside from full service office facilities (from dealing with your mail, to answering the phone) , we offer a ‘branch out membership’ which provides you the tools to start a new business, or keep your business running, at the lowest costs possible. House of Companies is located at an amazing mansion, on a 50.000m2 estate in the Netherlands offering room for hundreds of companies. But we also offer +4.000 locations in cooperation with partners.
-
Can anybody use the services of House of Companies?Yes, basically anybody can use the services of the House of Companies. Even if you are not an entrepreneur yet! Our services are very low-key which allows companies of any sizes to expand overseas. We do have a strict onboarding process in place, and don’t deal with companies focused on tax avoidance, or who have operations in sanctioned countries, as well as certain sensitive industries.
-
Is using a registered office address legal?Yes, 100% legal! Our team has over 10 years experience in providing registered office services, and our locations meet the standards of the Dutch Chamber of Commerce. Our locations provide a full time reception, and our locations are always able to provide you a working space when need be.
-
Do I pay taxes when I use a virtual office in the Netherlands?A ‘virtual office’ typically does not pay taxes (yet). This is not due to a special tax status, but simply because a virtual office has no actual operations (or substance) yet (or has not started to make a profit, doing sales, or employing staff). In fact, a ‘virtual office’ is typically considered a ‘representative office’ and is not required to be registered at the Chamber of Commerce. Such requirements might change, once you perform any actual services from the Netherlands, or goods are stored and processed here. In case of doubt, it might be necessary to discuss your situation with a lawyer or accountant, but much information on this topic is available in our Dashboard.
-
Does a Dutch company require a local address?In many cases a local company registration requires a local business address. Especially in (Western) European countries this is very common. There are some exceptions, especially in case of a branch registration (or a representative office). A registered office address is required to receive official government letters, and in come cases also to open a local corporate bank account.
-
Can my Dutch business open a bank account?Yes, a business dealing on the Dutch market can also open a corporate bank account. However, this is becoming more challenging. House of Companies can inform you about European banks that can open bank accounts for any kind of European entity, without a visit to the bank required.
-
When is a registered office address convenient for me?A registered office address is convenient for any kind of business, that is planning to expand to a new market, and is taking it step by step. A registered office address (or virtual office) allows you to explore a new market, while limiting your expenses. It’s not about being ‘virtual’, but it’s about avoiding as much bureaucracy and legal expenses as you can, while your business is not yet at its full capacity. Our tools allow you to get an understanding of the legal framework of a country, so you are able to make the decisions for yourself, rather than having to rely on an accountant or lawyer.
-
Can I really submit my corporate tax return myself, without any charges?"Yes, anybody can submit their corporate tax return themselves, without any help from an accountant. Our Dashboard provides you the detailed information, step by step, on how to login to your online Tax Portal, and to file your tax return. Obviously, the more complicated your company activities (and transactions) the more complex your tax return will look like. But if you have almost no operations, then you can save thousands of euros in accounting fees, without requiring any accounting skills! Once your company grows, we offer more detailed information, so you can learn along the way. Or you can decide to involve an accountant at that stage.
bottom of page