VAT stands for Value Added Tax. Every entrepreneur who provides goods and/or services is subject to Value Added Tax. The tax form knows several percentages and endless exceptions. This results in many entrepreneurs paying too much or to little tax. In the latter, be prepared for tremendous additional taxes!
The tax return
Every entrepreneur, if classified by the Dutch tax office as “entrepreneur for the VAT” (“ondernemer voor de BTW”), will have to file a tax return. Even when you do not have a turnover yet. Depending on your turnover, you will have to file a tax return once a month, quarter or year.
Our advisers are fully informed and up-to-date regarding the laws and regulations. This makes us your go to partner for quality and personal advice. Please feel free to contact our office to discuss the options.