In the first place, when conducting business in the Netherlands, corporate tax compliance is extremely important. You have to file your corporate income tax returns. This should be done on annual basis. In 2021, taxable amounts up to € 245,000 are subject to 15% tax. Taxable amounts as from € 245,000 are subject to 25% tax. However, these rates only apply in 2021. As from 2022, amounts up to € 395,000 are subject to 15.0% tax.  In addition, amounts as from € 395,000 are subject to 25.0% tax.

Our tax compliance services

When preparing your financial statements, you have to meet general requirements. We are at your disposal for tax compliance services. We work together with tax lawyers of Hamelink & van den Tooren. Together, we offer you services with regard to:

• Preparation of your corporation tax returns and tax calculation
• Tagging your financial statements for taxation purposes
• Advising you on the most appropriate tax structures or day-to-day tax related issues
• Advice on paying your corporate tax by instalment
• Liaising with the tax inspector (technical issues, as well as computational queries)
• Monitoring relevant tax claims and assessments

Disclaimer:
We have our professional code and independence regulations. Therefore, we may not always be able to perform all services. However, we will make sure to grant you access to our extensive professional network. In this way, you have access to expertise in all areas of business and governing agencies.

General requirements for tax compliance

If you conduct or start up your business in Netherlands, there are various requirements that have to be met. We offer you a wide range of knowledge and experience that meets you needs:

The establishment of your company

• Choice of business entity
• Incorporation of business entity
• Assignment of management and/or directors
• Choice of seat and registered office
• Registration with the Dutch Chamber of Commerce, the Dutch Tax Authorities, Central Bank, AFM as well as Dutch Central Statistics Office
• Taxes and VAT, Wage tax, corporate tax
• Completing your tax returns

Salary accounting

• Employment contracts and registration
• Performing payroll accounting and reporting
• Application of various legal requirements

Annual financial statements

• Preparation of your statutory (consolidated) financial statements, according to Dutch or EU/IFRS requirements
• Compilation, review or guidance audit assignment
• Preparation as well as filing of (abridged) financial statements at the Dutch Chamber of Commerce
• Keeping minutes of Board Meetings and Shareholders’ Meetings

Accounting system

• Set up of your financial administration
• Keeping accounts/bookkeeping
• Periodic financial reporting in the desired format and currency
• Consolidation
• Training personnel

Consolidation, auditing and filing

While you prepare, audit or file your statements, you have to meet a number of requirements. These depend on the size and structure of your company.

By Dutch law, you either have a small, medium-sized or large company. If you have a large entity, consolidation and audit are compulsory. However, if you have a small or medium-sized entity there are exemptions.

The criteria below determine the size of your company. Importantly, at least two of these must be met for 2 consecutive years:

Total consolidated value of assets. These are based on your historical costs:

<EUR 4,4 million
<EUR 17,5 million

Consolidated net sales

<EUR 8,8 million
<EUR 35 million

Average number of employees

<50
<250

Is auditing obligatory?

First of all, if you own a small company, you are not obligated to perform a statutory audit. Same is applicable for a small group or guaranteed group company. However, you have to meet the conditions as stipulated in article 2:403. If you have a medium or large-sized company, you have to audit your statements. This should be done by a certified public accountant. In the Netherlands, these accountants are called “Register accountant (RA)” or “Accountant-Administratie Consulent (AA)”.

Filing with the Chamber of Commerce

Your financial statements should be filed with the Dutch Chamber of Commerce. This should be done within 8 days after adoption by the General Meeting of Shareholders. However, it is possible to obtain an extension for filing. If you need extension for filing, please contact us. Our team will inform you on the requirements.  If you own a small or medium-sized company different rules apply. In that case you are allowed to file statements in a simplified form.

Contact us for compliance services

Please contact us if you have any questions with regard to corporate tax compliance services. We are pleased to help you.