| January 2006 - Travel allowance |
| Maximum tax free travel allowance has been increased to €0.19 per businesslike kilometer. |
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| January 2006 - Business expenses not completely deductable |
| Business expenses with a private character are not completely tax deductible. Till 2005 this was 90% deductible, from 2006 only 75%. |
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| November 2005 - New bank account Tax Office |
The bank account number of the Tax Office has been changed. It used to be 30.00.60.300 (Rabobank).
It is changed into 2445588 (Postbank).
IBAN: NL38 PSTB 0002445588
BIC/SWIFT-code: ING BNL2A
Please be aware of the transferring period of the bank. |
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| 20 September 2005 - Expected changes for 2006 |
The highlights of the yearly budget of the government:
- the personal income tax rates for the first two tax brackets will be lowered;
- new health insurance law: the premium will be 6,5% of the gross income;
- capital tax will be cancelled;
- the possibility to apply fiscal unity for the wage tax
- the private use of the company car will be considered as salary
- the notional income for the shareholder-manager will increase
- the corporate income tax rates will be lowered to 25,5% and 29,6%
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| 19 September 2005 - Zorgtoeslag |
The Tax Office started to send out the forms “Zorgtoeslag”. With this form people with lower income can get an allowance for the nominal premium of the health insurance.
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| 9 September 2005 - Life cycle regulation |
Wage saving regulation (spaarloon) or life cycle regulation (levensloopregeling)?
Life cycle regulation will be introduced in 2006. This regulation will replace the current regulation for prepension/vut. With this regulation employees can save part of their gross salary to finance a period of unpaid leave in the future. From the gross salary a certain amount (max 12%) will be withheld and transferred to a special savings account. The employee can convert holidays and overtime into money and transfer the money to this special savings account.
All employers need to offer this possibility to their employees. The employees need to choose between the wage saving regulation or the life cycle regulation. It’s not possible to have both in one year. It is possible for the employee to choose for the wage saving regulation this year and for the life cycle regulation next year.
If the employer decides to give a contribution for the life cycle regulation the employer also have to give this contribution to the other employees who do not participate.
Employees can save maximum 12% of their gross salary every month. In total the employee can save up to 210% of the gross year salary. With the savings employees can finance sabbatical, parents leave, long-term care leave, study leave, any other unpaid leave or period before pension leave.
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| 26 July 2005 - Is your salary administration complete? |
As of July 1st 2005 the Tax Office will no longer give the possibility to repair the incomplete salary administration. For every employee the employer has to file a copy of their id-card and a signed wage tax statement. If one or both are missing, the employer can get a penalty of applying the anonymous rate (52% tax rate and premium social securities).
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| July 2005 - Workpermit needed for EU-employees |
At least untill May 2006 a work permit is needed for employees from the new EU-countries. The Government will make a decision before May 2006 for the period after.
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| 21 June 2005 - Cars cheaper ? |
Proposal of European Commission to cancel the purchase tax of new cars (BPM), introduce the kilometre tax and keep the road tax in whole Europe. The purpose is that owning a car will become cheaper, but the usage of it more expensive.
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| 14 June 2005 - Health insurance law |
The new health insurance law (Zorgverzekeringswet) has been approved by the Dutch government. This new law will become effective as of January 1st 2006. The new law does not make the difference between private and collective health insurance that applies at this moment. Everyone will pay a basic premium (yearly around € 1,100) and above of it a premium that depends on your income (6,5% of the gross salary). This will be contributed by the employer. People with a lower income can apply for a care allowance (Zorgtoeslag).
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| 24 May 2005 - |
Proposal: new regulations converting write-off receivables. Convert debts into share-capital happens by issuing shares to the creditor and settle this with the debts. In the current regulation the BV has to take a certain amount to the profit (the difference between the book value of the debt and the real value on the market of the receivable). Therefore the debtor will be taxed. In the proposal the creditor will be taxed. The creditor will take profit, but if the shares don’t increase in value at the time of converting, the creditor will have a loss. Therefore it will be taxed at the moment the value of the participation increase. For this the reserve of revaluation will be introduced.
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| 23 May 2005 - |
* Intention of the Dutch Government to reduce the Dutch corporate tax rate to 20% for profits not exceeding € 41,000 and 26.9% for profits exceeding € 41,000. The corporate tax rate is at this moment 27% over the first € 22,689 and 31.5% over the exceeding amount. The new rates should apply from January 1st 2007.
* At this time it is possible to compensate your loses with the profit from the last 3 years and indefinite for coming profits, but there is the intention to limit this compensation. Then it’s only allowed to compensate 1 year backwards and 8 years forward.
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| 7 April 2005 - |
Belgium has changed the numbers of position for the VAT-numbers as per April 1st. The old Belgian VAT-number consists of the land code BE and 9 numbers. The new VAT-number will have the land code BE and 10 numbers. Between April 1st 2005 and January 1st 2007 both VAT-numbers are valid. As of January 1st 2007 only VAT-numbers with 10 numbers are valid.
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| 24 March 2005 - |
Intention to cancel the Dutch capital tax per January 1st 2006. Capital tax is levied from capital that is raised together in the Netherlands. The capital tax is at this moment 0.55%.
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