Dutch Income Tax Company ? Go For a New Profitable Beginning

Posted by JanyLufi on August 28th, 2017

Are you managing a private or even public limited company (BV or NV)? If yes, you should fill up a corporate income tax return (VPB) for your business. Institutions or associations should finish the corporation tax returns just in particular conditions according to the level of the profit, you may be exempt.

Profit

Your corporation gives Corporate Income Tax on the taxable earnings in a single fiscal year. You can additionally decrease the taxable profit if your firm possesses any deductible losses. More than that, a fiscal year is the same as a calender year. Meanwhile, a 'broken' financial year such as May to April is also allowed. The fiscal year for the corporate income tax return should be the similar to the financial year in the company’s articles of connection.

Offset of losses

You might offset losses with potential profits or advantages from the last years. You offset losses originally against the proceeds from the prior year. In case, such things are not possible, it is better to offsett your losses with future profits which is just restricted to 9 years.

In order to measure the profit for corporation tax, you should apply more or less the similar rules as be appropriate to income tax.

Innovation Box

Do you focus more the innovative activities? And are you earning a profit? Then you may be capable to put the profit from these events in a special tariff box on your business income tax return: the advance box. Then, you have to pay less tax. It is provisional that you have a copyright or a foreign patent or that you relate the R&D payroll tax allowance.

Filing your return

The corporate income tax return need to file each year, at the finish of the company’s financial year. The business income tax return is fulfilled digitally.

Tax payable by the corporation or corporate income tax is given on companies established in the Netherlands and on specific companies not recognized in the Netherlands, which get earning from the Netherlands. In this perspective, the term "company" add companies with a capital including of share, co-operatives, shared insurance and credit companies, foundations as well as additional legal persons integrated under civil law, when they manage a project, funds for common account, and most publicly managed industrial and commercial activities.

The annual assessment by the department of the tax is taken according to the declaration of the taxpayer. If no required statement is submitted, the amount due is obtained staright away from the tax department.