Securing the debts of the BV, what should the DGA consider for tax purposes? Securing the debts of the BV, what should the DGA consider for tax purposes? If the BV wants to attract a loan, for example, from the bank, the bank may demand that the director-major shareholder (hereinafter: DGA) provides additional security by personally guaranteeing the loan. It may also be possible that the bank is… Read More Read More
Five investor-proof questions, that entrepreneurs should ask regarding their start-up Five investor-proof questions, that entrepreneurs should ask regarding their start-up Besides an ambitious business plan, much remains to be done to make startups financially and administratively investor-proof. In order to act according to your fundamentals, you cannot start off too soon. Being late for that itself also costs time, and… Read More Read More
A ‘must have’ sustainable and solid financial and tax foundation for fast-growing startups. A ‘must have’ sustainable and solid financial and tax foundation for fast-growing startups. Sharp and clever, quick to respond, and wise: The main focus of fast-growing and innovative start-ups is often strictly on their business model and technological developments. The Challenge However, from the sustainable and successful entrepreneurship point of view, having a… Read More Read More
Corporate income tax calculator Corporate income tax calculator Annual profit of BV Is there a DGA (directeur-grootaandeelhouder); if so, will the dividends be distributed to the DGA? Net profits distributed as dividends (%) Annual profit € 100.000,00 Years 2018 (EUR; %) 2019 (EUR; %) 2020 (EUR; %) 2021 (EUR;… Read More Read More
Why the Netherlands Why the Netherlands The Netherlands has a long tradition of being one of the most attractive countries in Europe for Asian and American companies to establish themselves in Europe. The Netherlands is attractive because of a unique combination of: • a modern, flexible… Read More Read More
Publication of the annual financial statements – approvals and timing Publication of the annual financial statements – approvals and timing Legal entities are typically required to annually prepare & publish financial statements. There are different deadlines for the different types of legal entities, but for the Dutch limited liability company besloten vennootschap or “BV”) the following requirements are applicable for… Read More Read More
Netherlands – bookkeeping for payroll Netherlands – bookkeeping for payroll When a business has employees, payroll should also be reflected in the bookkeeping of the business. This blog will help you with the proper bookkeeping entries! Three steps are involved: 1. Include journal entry for each payroll run 2. Book… Read More Read More
Overview of Tax Developments Overview of Tax Developments The cabinet published the Spring Memorandum 2022 on May 20th, along with a Chamber letter outlining the content and schedule of various legislative proposals. The opposition has also put forth proposals. We have summarized some of this for you. Taxation… Read More Read More
WKR 2021 WKR 2021 The financial year 2021 is coming to an end and that means that the bookkeeping needs to be finalized. An important matter for employers is the so-called Work Related Expense Scheme (in Dutch ‘Werkkostenregeling’ or ‘WKR’). We are happy to… Read More Read More
Update on tax measures Update on tax measures On May 20th, the cabinet published several plans to change the tax rules. The opposition has also launched several proposals. We have listed the relevant issues for you in this newsletter. 1. Taxation of the director and substantial shareholder (DGAs)… Read More Read More