Individual objections to income equity tax assessments 2017 will be treated as one 'mass' objection. As of the tax year 2017 the calculation method of the deemed interest has changed. This new method has lead to criticism.This new deemed interest method is a fiction based upon a fiction. Deemed … Read More
Application term 30%-ruling reduced to five years as of 2019 – update!
Following from the most recent comments of the Secretary of State of the Finance department (July 9th 2018) Cabinet is going to remain with their plans to reduce the application term of the 30% ruling to a five year application period also for existing pre-2019 rulings.Till the year 2012 the … Read More
Excessive burden leads to a tax reduction in box 3 Dutch equity tax
An excessive burden can lead to a (time-proportional) reduction of box 3 (Dutch tax on equity). A previous ruling by the Court of Appeal has now been confirmed by the Supreme Court.It regarded a very specific case in which a man had invested his capital in SNS Reaal shares on 31 January 2013. A … Read More
Tax refund if your tax burden fluctuated over a period of three years
You could be eligible for a tax refund if your tax burden fluctuated strongly over a consecutive period of three years.Did you have a highly variable income spread over three consecutive years? Then you probably pay more tax than if you receive that income evenly over a year. You can then … Read More
Proof may not be reversed without invitation letter
The Dutch tax authorities may not reverse the burden of proof if an invitation to file a personal income tax return (aangiftebrief) has not been sent them first.Recently, Tax Court issued a judgment in a case in which the tax authorities wanted to reverse the burden of proof after imposing an ex … Read More
Tax qualification Interest Rate Swap (IRS) mortgage loan and box 3
Dutch High Counsil has now decided that an Interest Rate Swap (IRS) with a negative value is to be part of the debt in box 3.An IRS is a complex financial product used in many loan varieties. In short a IRS is an agreement between an individual/company and the bank on the basis of which this … Read More
Deadline personal income tax return 2017 & be aware of interest
Now that the year 2017 has ended, it's time to prepare for the Dutch personal income tax return 2017! Although the Dutch tax office has recently stretched the filing deadline in the Netherlands from April 1st 2018 till May 1st 2018 in the so called aangiftebrief 2017, it could be interesting to file … Read More
VAT rules e-commerce change for long distance sales B2C
The EU Cabinet recently approved a change in the VAT rules for e-commerce long distance sales. The change is planned to take effect as of the year 2021.The current VAT rules state that such sales - when exceeding a certain threshold on sales - are subject to local VAT of the private consumer in … Read More
Stamrecht payments are no annuities under Dutch tax treaties
Dutch Supreme Court has ruled that standing right (stamrecht) annuities – following from severance payments - do not comply with the annuity definition in tax treaties that the Netherlands has concluded.Previously, taxpayers with an annuity were entitled to an exemption from deduction of wage … Read More
Bitcoins & Equity income taxation – switch to a LLC and lower your tax
The end of the year is nearing and hopefully your assets have increased in value during the year. Be aware that in the Netherlands the value of assets and debts for the Dutch equity income tax of Box 3 is set per January 1st of the relevant tax year. … Read More