The Dutch sector of agriculture has succeeded to maintain its position as the second largest exporter in the field of agriculture. For 2017, the total value of agricultural exports reported by the Central Bureau of Statistics (CBS) is 113.5 billion US dollars or 92 billion Euros, which is 7% more in comparison to 2016. Thus the country ranks second among the top agricultural exporters in the world, after the United States. The agricultural exports of the US for the fiscal … Read more
The economy of the Netherlands is increasing in strength with the most recent forecast of the Dutch Bureau analysing economic policy (CPB) predicts economic growth of 3.2% in 2018 and 2.7% in 2019.
An economic boom
The Central Economic Plan for 2018 prepared by CPB forecasts the economic situation in the Netherlands this year and next year. Estimates are made for a smooth Brexit where trade with the UK will continue on the basis of a new agreement. If, however, … Read more
The Dutch government has decided to support a new policy on taxes proposed by Menno Snel, State Secretary of Finance and to take action with respect to the first priority on the agenda: stop tax evasion and avoidance.
For the coming years, the policy includes 5 priorities:
- to stop tax evasion and avoidance;
- to reduce the taxes on labour;
- to promote a competitive tax climate for real activities in the economy;
- to make the system for taxation greener,
- and more
The national government provides support to companies developing innovative products by means of grants, innovation credits and tax benefits. The European Union also offers different grants for innovation.
Innovations create opportunities
Inventive businesses can participate in the quest for solutions concerning fundamental social issues, such as population ageing, deadly diseases and food security. The development of new products can give them access to markets they have not previously explored. Innovations boost the economy and create jobs. Therefore the government embraces … Read more
Entrepreneurs planning to set up a business in Bulgaria can opt for one of five main company types that this country in Eastern Europe regulates for corporations with commercial activities:
- company with limited liability (LLC);
- joint stock company (JSC);
- limited partnership (LP);
- general partnership (GP);
- share-limited partnership (SLP).
Features of the most widely used Bulgarian company types
The most preferred entities for business activities are the limited liability and the joint stock companies. The two types have similarities and differences. … Read more
As an expat, one incurs significant costs, especially upon relocation. Depending on the situation, an expat may have to pay for visa, residence permit application, driving licences, Dutch courses, housing and bills.
The 30% ruling is created to mitigate the negative effects of these expenses on one’s income.
Conditional on eligibility, the 30% rule means that the tax base of your gross salary as an expat in the Netherlands may be reduced by 30%.
How does the 30% rule work… Read more
For three years now an unprecedented number of firms have set up a new business in Amsterdam. Only in 2016, more than 150 multinational corporations have opened locations in the metropolitan area of the Dutch capital. This is a sign that Amsterdam is not only the prime business hub of the Netherlands but of the continent as well.
The city is an attractive destination for many international investors. Our local lawyers can assist you in opening a subsidiary or … Read more
The Dutch newspaper “Het Financiële Dagblad” (The Financial Daily) has recently conducted research showing that the average amount large EU enterprises spend on corporate tax equals 23.3 percent of their profit. The authors analyzed the tax liabilities of 25 companies – the biggest on the Stock Exchange in Amsterdam – including Unilever, Heineken, ING Group and Philips, and reviewed the corporate taxes they pay in various European countries.
The analysis showed that the rates of corporate tax differ significantly among … Read more
During the past decade virtual currencies, such as Bitcoin, Qtum, Litecoin and Ethereum, have become increasingly popular. They are currently used as both methods for payment and investment instruments. The emergence of cryptocurrencies led to a legislative vacuum that had to be replaced by adequate regulations.
The present publication focuses on Bitcoin (by far, the most popular virtual currency) taxation. Bitcoins substitute real currencies and have a real monetary value. This means that they can be converted into US and … Read more
Tax haven Netherlands
If you would ask a regular Joe in the streets in the Netherlands, he would probably not define the Netherlands as a ‘tax haven’. However, for some companies, the Netherlands was regarded as a tax haven.
The taxation system in the Netherlands focuses on attracting foreign capital, and a great way to do this, is by offering tax-breaks and subsidies. Holland has, for example, double tax agreements with many countries. One of the biggest breaks for many … Read more
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