Rotterdam

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Tax Services

Sections

Types of Tax Services Available

  1. Personal Income Tax Services:

    • Assistance with filing annual income tax returns (aangifte inkomstenbelasting).
    • Guidance on tax deductions and credits available to residents and expats.

  2. Corporate Tax Services:

    • Services for businesses, including corporate income tax (vennootschapsbelasting) filing and compliance.
    • VAT (Value Added Tax) registration and filing.

  3. Tax Advisory Services:

    • Strategic tax planning and advice for individuals and businesses.
    • Cross-border tax advice for expats and international businesses.

  4. Bookkeeping and Accounting Services:

    • Ongoing bookkeeping services for businesses.
    • Preparation of financial statements and tax returns.

  5. Inheritance and Gift Tax Services:

    • Assistance with filing inheritance tax (erfbelasting) and gift tax (schenkbelasting) returns.

Associated Costs

  • Personal Tax Filing: Costs can range from €100 to €500, depending on the complexity of your tax situation.
  • Corporate Tax Services: Fees typically start at €500 and can go up significantly based on the size and complexity of the business.
  • Consultation Fees: Many tax advisors charge hourly rates, which can range from €75 to €250 per hour.
  • Bookkeeping Services: Monthly fees can vary from €100 to €1,000, depending on the volume of transactions.

Procedures for Filing Taxes

  1. Gather Necessary Documents:

    • Collect all relevant documents, including income statements, bank statements, and any receipts for deductible expenses.

  2. Register with the Dutch Tax Authority (Belastingdienst):

    • If you are a new resident or expat, ensure you are registered with the Belastingdienst to receive a tax identification number (BSN).

  3. Filing Your Tax Return:

    • Tax returns can be filed online through the Belastingdienst website or via paper forms. The deadline for filing is usually May 1st for the previous tax year.
    • Extensions can be requested if needed.

  4. Payment of Taxes:

    • If you owe taxes, payments can be made online or through bank transfers. Ensure to pay by the due date to avoid penalties.

Local Regulations

  • Tax Year: The tax year in the Netherlands aligns with the calendar year (January 1 to December 31).
  • Tax Rates: The income tax rate is progressive, ranging from 9.45% to 49.5% depending on income levels. Corporate tax rates are generally 15% for profits up to €395,000 and 25.8% for profits above that threshold.
  • Deductions: Various deductions are available, including mortgage interest, healthcare costs, and educational expenses.

Considerations for Residents, Expats, and Businesses

  • Expats: If you are an expat, you may be eligible for the 30% ruling, which allows for a tax exemption on a portion of your income. Ensure to apply for this ruling within four months of starting your job in the Netherlands.
  • Language: Many tax service providers offer services in English, which can be beneficial for non-Dutch speakers.
  • Local Knowledge: Understanding local tax laws and regulations is crucial, as they can differ significantly from those in your home country.

Recommended Service Providers

  1. Belastingdienst (Dutch Tax Authority):

    • Website: belastingdienst.nl
    • Offers comprehensive information and resources for filing taxes.

  2. Tax Advisors and Accountants:

    • Deloitte Netherlands: Offers a range of tax services for individuals and businesses.
    • KPMG Meijburg & Co: Specializes in tax advisory services for expats and international businesses.
    • Baker Tilly: Provides accounting and tax services tailored to both individuals and companies.

  3. Local Tax Consultants:

    • Fiscale Dienstverlening Rotterdam: A local firm specializing in personal and corporate tax services.
    • Taxperience: Offers services specifically for expats, including tax returns and advice.

Conclusion

Navigating tax services in Rotterdam requires understanding local regulations and procedures. Whether you are a resident, expat, or business owner, utilizing the right resources and service providers can simplify the process. Always consider consulting with a tax professional to ensure compliance and optimize your tax situation.