VAT stands for value added tax, it is a tax that is added at every step of the supply chain where value is added. It starts from raw materials, on to manufacturers, manufacturers on to suppliers, suppliers on to the wholesalers, wholesalers on to the final customers. The VAT goes all the way down the supply chain where it reaches the end consumer. The end consumer will be carrying the VAT and cannot reclaim VAT.
Contrary to what is often claimed, a US LLC is not quite comparable to a Dutch limited liability company, the B.V (besloten vennootschap). The biggest difference between the two is that the B.V. is a corporation and the LLC is a hybrid entity between a corporation and a partnership.
TEMPORARY EMERGENCY BRIDGING MEASURE NOW – UPDATE NOW 1.0 AND 2.0
The Dutch government is preparing several reliefs for entrepreneurs who are affected by the virus.
The minimum salary requirements for the 30% ruling as per January 2020 are:
As a result of the discussion on implementing BEPS internationally; the Dutch government will implement new regulations regarding the conditions that create a permanent establishment. The implementation is aimed at tackling common tax avoidance strategies worldwide.
The taxation of Dutch held assets will be renewed, again. On 6 September 2019 the State Secretary announced the intent to change the way assets are taxed in the...
The 30% Rule is a tax break for expats in the Netherlands and it is being reviewed. Some 60,000 expats currently qualify for this generous tax allowance – but what...
Most likely, you have received the invitation with regard to the filing of your personal income tax return 2016 recently. We will be happy to assist you (and your...
The 30% ruling is a hot topic among expats. Every expat has heard about it, but yet only a few know what it actually entails. At Broadstreet, we receive questions about...