The need for timely and accurate financial information is critical in today’s fast-moving and highly competitive business environment. Accounting close and reporting processes are often identified by companies as pain points and impediments to growth and profitability. Management is pursuing opportunities to streamline operations and reduce risk to support their business goals and objectives.

Financial statements, consolidation, and reporting are critical to a company’s success. Our approach is to maximize accuracy and efficiency while minimizing cycle time and cost.

From startups to mature businesses, cash flow is critical to success. Businesses that understand and manage their cash cycle enable better business performance.

To gain crucial insight into your company’s performance, budgeting, financial planning and forecasting are the basis for strategic decision making.

Dutch law provides that the Dutch wage tax returns should be filed with the Dutch tax authorities within one month after the respective month. This also applies to the payments.

In a nutshell, Dutch VAT is levied at each stage in the chain of production and distribution of goods and services. VAT applies to the supply of goods, the rendering of services, the acquisition of goods by business, and importing goods. Depending on the amount of VAT payable. VAT returns are filed monthly, quarterly, or annually with the Dutch tax authorities.

Our compliance team is happy to assist with all VAT/ wage tax filings under Dutch legislation.

Ongoing tax law alterations and the rippling effects on your business can make your tax compliance even more complex, leaving you with an uncertain tax position. Amstaete offers your company a team dedicated to monitoring and mastering those changes and ensuring you receive the maximum benefit and that exposure to tax liabilities is minimized.

As a standard service within our corporate tax compliance procedure, your company is included in our extension program with the Dutch tax authorities. Tax assessments are reviewed, and your tax return is accompanied by an advice letter outlining the relevant tax positions taken in the return.

In general, the Dutch withholding tax rate for a dividend distribution to resident or nonresident shareholders is 15%, unless the rate is reduced under an applicable tax treaty or the participation qualifies for an exemption under the EU parent-subsidiary directive or Dutch tax law (unless an anti-abuse rule applies). 

Dutch distributing entities, generally, have to file a withholding tax return within 30 days after the dividend has been declared. 

As of 1 January 2021, the Netherlands has introduced a conditional withholding tax (WHT) on interest and royalty payments. This tax is only levied on interest and royalty payments to affiliated companies in designated low-tax jurisdictions and in certain situations. If applicable, Dutch entities should file a tax return within 30 days after the year in which the withholding tax is due. 

We can assist with the preparing and filing of withholding tax returns. 

Entities engaged in intercompany transactions must carry out these transactions on a so-called ‘arm’s length’ basis. 

The Netherlands has adopted the OECD’s recommendation for a three-tiered standardized approach for additional transfer pricing documentation in the Dutch Corporate Income Tax Act. As a result, Dutch entities (taxpayers) part of a multinational group with consolidated revenues exceeding EUR 50 million are required to prepare a master file and a local file annually. These files should be available at the submission of the annual corporate income tax return. 

The so-called “Country by Country report” (CbCr) needs to be filed annually by the ultimate parent or surrogate parent entity with the tax authority in their country of residence. It applies to a multinational group with consolidated group revenues of more than EUR 750M in the year previous to the year the country report needs to be filed. The CbCr itself should be filed within 12 months after the closing of the book year.