Foreign Exchange Control: None
Accounting Principles: IAS/ IFRS/ Dutch GAAP. Financial statements filled annually.
Business Entities: Principally, public and private limited liability companies, partnerships and branches of foreign corporations.
Residence: If management is in the Netherlands or a business is incorporated in the Netherlands.
Basis: Residents taxed on worldwide income; non-residents are only subject to tax on Netherland-source income.
Rate: 20% on the first 200,000 EUR of income, 25% over 200,000 EUR.
Foreign Tax: Unilateral tax credits are granted for tax paid abroad.
Other: Various investment deductions and reliefs available.
Tax Year: Calendar Year
Residence: Residents taxed on worldwide income; non-residents only on Netherland-source income. Foreign nationals can opt for limited national taxpayer status and receive certain credits (residency based on factors such as employment, family circumstances etc).
Rate: Enterprise, employment and housing income 5.1% – 52%, substantial interest income 22% – 25%, savings and investment income 30%
Other: Inheritance tax: 10%- 40%
Capital gains: Progressive tax up to 25%
Real property: variable rates depending on the municipality.
Capital acquisitions tax: 6% applies to real estate when purchasing property. 2% rate applies to residential homes.
Landlords tax for those who rent out ten or more homes.
Social security: Payable by employees and employers.
VAT: Standard rate 21%
Member Firm: 216 Accountants B.V.