The provisional assessment
Every year, many people receive a blue envelope containing a ‘provisional assessment’ in their mail. It often states quite a substantial amount of payable tax, which can be pretty difficult to trace back. How does the Dutch Tax and Customs Administration calculate this amount? And why do you even get such a provisional assessment? DepositA…
Private business ownership allowance at 1225 hours? What does this mean?
You probably heard about it, the standard of 1225 hours you want to meet as an entrepreneur in the Netherlands. But what hours exactly? And why? The 1225 hour criterion means you need to spend at least 1225 hours on your business. Because if you do you’re entitled to a notable tax deduction: private business…
Hiring staff as a small business owner – things to keep in mind
If your company is growing and you need extra hands for the longer term, hiring staff can be a good solution. Even if you have a sole proprietorship or general partnership, it is possible to hire employees and interns. There are, of course, a few things to consider here. This is what you need to…
The VAT scheme for travel agents explained
Are you an entrepreneur who works in the travel industry? Then you’ve probably heard of the Travel Agents’ Margin Scheme or TAMS (reisbureauregeling in Dutch). In this blog, we’ll explain whether this VAT scheme also applies to your activities. The definition of travel agentFor the Dutch Tax and Customs Administration, all entrepreneurs who sell holidays…
Make use of the KIA? Invest before the end of the year for additional cost deduction
When the end of the financial year is in sight and you are considering investing in certain business assets, it could be wise to do so before the end of the year, as you might qualify for claiming KIA (small projects investment credit). What is KIA?You’re eligible for small projects investment credit, or investment deduction,…
Marloes de Kiewit – artist
“Drawing was always something I used to blow off steam: it wasn’t what I did for a living, but I’d come home from work and that was basically what I did to relax. And at some point I just fully dove into it.” Artist Marloes de Kiewit has managed to turn her creative outlet into her…
Starting (and closing) your business
Starting your own business naturally begins with a good idea, the discovery of a niche in the market or because you wish to be completely autonomous. But what are the practical things you need to arrange before starting a business? And what do you have to take into account when you want to close it?…
Payments to private individuals
As an entrepreneur, you might find yourself in a situation that requires having to make a payment to a private person. Because that person doesn’t have a registered business, or is employed by you, you may wonder how the billing process works in this case. First and foremost, it speaks for itself that any services…
Delivering products within the EU – these are the new VAT-rules
July 1st a lot will change for entrepreneurs delivering products to consumers (or entrepreneurs without VAT number) across the border but within the EU. Do you have a webshop in jewellery, ceramics or clothing for instance? Whatever you’re selling, keep in mind that as of July 1 there are different rules for declaring VAT in…
