Tax & Accounting
Bentacera provides tax advice on the Dutch tax implications of becoming a tax resident to expats who are looking to move to Amsterdam.
Specialists at Bentacera consist of tax advisers, international tax advisers, mergers and acquisitions specialists, pension advisers and personnel and salary advisers backed with years of experience in their field.
Bentacera assists expats in:
- Tax and business advice
- Personnel policy
- Mergers and acquisitions
- Financial planning
Tax & Accounting for Expats in Amsterdam
Tax law in Amsterdam can be a maze for expats. In addition to national legislation, you often have to deal with international tax treaties and social security legislation. Most information is in Dutch, which makes it difficult to understand for non-Dutch speakers.
Key Tax & Accounting tips you should know as an expat in Amsterdam
- If you meet certain requirements as an expat, you could be eligible for the 30%-rule. 30% of your wage is then tax-free. This also includes a tax exemption for certain assets.
- In your first year, a migration bill needs to be filed. This is a very difficult tax bill to file. Most expat-employees can expect a large tax-refund in social security contributions.
- All citizens in the Netherlands are required to contribute to the country’s social security system. The social security system provides aid residents in a challenging financial situation with insufficient income due to disability, unemployment, or disease. Contributions are based on an individual’s income.
- Whether you become a resident in Amsterdam or not, you will be subjected to Dutch personal income tax. There are three types of taxable income in the Dutch tax system divided into “Boxes”. These boxes are categorised as:
- taxable income from profits, employment, and homeownership;
- taxable income from substantial interest;
- taxable income from savings and investments
Tax & Accounting for expats establishing a business in Amsterdam
- Amsterdam has many laws and regulations which may have consequences in the future depending on your tax structure. If you want to restructure your business or are considering arranging business succession, it is sensible to consider legal and tax guidance to avoid unnecessary taxes now or in the future.
- You are required to register your company with the Chamber of Commerce between one week before the official start of your business to a week after work has started. After your registration, your business will be issued a unique company number or the Chamber of Commerce number which is required to be included on all company mail and invoices.
- Employees have many rights in Amsterdam. They cannot be easily dismissed. If you’re an owner or a director of a legal entity, you are also considered an employee and are required to receive a customary wage.
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