Year-end tips 2019

6 December 2019 - Tips for BV/IB entrepreneurs 1. Deduct your business expenses You can deduct costs that are necessary for running your business from your profit. These costs are deductible from your income tax and corporation tax. Tip Check your administration to see if you can label your expenses incurred in 2019 as business expenses. Also make sure […]

Pension accrual for the DGA within its own company

5 December 2019 - With the abolition of the possibility of pension accrual for the DGA (‘director-major shareholder’) within its own company DGA’s have surrendered their pension or converted into a pension liability (‘oudedagsverplichting’) or opted for a non-contributory pension the BV. In all cases, there is no further accrual of pension. Sometimes that’s fine as the DGA also […]

Budget Day Special 2020 Tax Plan

23 September 2019 - This Budget Day Special outlines important proposals in the 2020 Tax Plan and additional legislative proposals. This special is divided into the following topics: – measures for businesses; – measures for employers; – measures for international situations; – measures for housing; – measures for VAT and excise duties; – measures for cars & mobility; – […]

Director/Major Shareholder – ‘Simply make withdrawals from the current account!’

11 July 2019 - In practice, some director/major shareholders tend to constantly withdraw money from their private limited company, because for example they want to have some more financial leeway in their private life. A recent procedure shows that this can have a completely adverse effect when it comes to tax. What happened? Not a (customary) wage. Proceedings were […]