March 2023 Newsletter
Read the original March 2023 newsletter here.
THE SEASON FOR THE 2022 DECLARATION HAS STARTED
Want to get started? That's possible! Read in this newsletter about delivery and the use of the postponement scheme.
Furthermore in this newsletter:
- Staff files;
- New for employers: payroll administration delivery assistance;
- New service Lupacompany: divorce coaching;
- Tax changes for entrepreneurs as of 2023;
- Tax changes for individuals as of 2023.
Start with the 2022 declaration
Or use the deferral scheme
On our website you will find two articles about the declaration.
In the first article you can read about the deadlines for the 2022 declaration.
Read the second article if you want to use the deferral scheme. We explain how you can request a postponement yourself, or how to do it through us. Do you make use of the scheme? Then you do not have to file the declaration before 1 May.
To article about the deadlines >>
To article about the postponement scheme >>
Get started with our Hand-in help 2022
Do you want to start with the declaration? That's possible! The delivery aid is available on our website. The delivery aid indicates per subject which documents we need to make the declaration correctly and completely. You can bring it along, send it or email it.
Go directly to the delivery aid >>
Corporate tax deferral scheme 2022
Applying for a postponement for a BV or a foundation works differently than for the income tax return.
On our website you will find an article about the deferral scheme for companies.
Staff files
- For customers: Payroll administration delivery assistance online
Checklist for employersWith the help of our new checklist and payroll administration delivery assistance, we provide insight into which documents we need for the payroll administration of your employees.
Go directly to the payroll administration delivery assistant >>- Retaining and recruiting staff in times of shortage
Scarcity on the labour market, higher costs: many employers face new challenges when it comes to finding and retaining staff. Lupacompany regularly publishes texts with tips and information to keep your company and staff financially healthy. From schemes to find new staff easier and cheaper, to preventing absenteeism: below is a selection from our staff related files:Wage cost advantage (LKV): Do you hire employees with an occupational disability? Or do you opt for older employees? Then you may be able to make use of the wage cost benefits scheme (LKV).
Low-income benefit (LIV): To make it more attractive for employers to hire and keep low-wage people, it is possible to get compensation for the wage costs of these employees. In this article you can read whether and how you qualify for this low-income benefit (LIV).
Youth LIV: If you employ employees between the ages of 18 and 21 or are considering hiring staff in this age category, you may be entitled to youth LIV: a contribution to wage costs.
In this article, Salupa explains the four steps you can take as an employer to keep your employees (and therefore your company) financially healthy.
New Lupacompany service: Divorce coaching
When a marriage fails, it is accompanied by emotion and regulation. And when the former takes over, it often doesn't benefit the latter. In order to reach good agreements in an honest and sensible way, a divorce coach can help. Do you want to arrange your financial future properly during and after a divorce? Lupacompany now offers divorce coaching to facilitate an often difficult situation.
Would you like to know more about divorce support? You can read more in this article. Or contact us, we are ready to help you move forward.
Tax plan 2023: Tax law changes as of 2023
Legislative changes for entrepreneurs
n our previous newsletter you could read about the most important changes that the government planned to implement in 2023. The tax plans were not final at that time. In the meantime, the bills have been reviewed by the Senate. Below we list the changes that will take effect in the first quarter of 2023, and that may have consequences for your activities as an entrepreneur. Is a measure relevant to you? By clicking on this you can read more about it.
Increasing tax rates on borrowings Director major shareholders
DGA's who borrow money from their own private company may pay more tax as a result of the 'current account (RC) measure'. Debts higher than € 700,000 are taxed with 26.9% income tax in box 2.
VAT on sales of solar panels decreases from 21% to 0%
Where private individuals were previously able to recover the VAT on solar panels from the tax authorities, the purchase of solar panels will be VAT-free as of 2023. From now on, suppliers of solar panels may invoice their customers with the 0% VAT rate.
Collective discount health insurance abolished
If you give staff the opportunity to make use of a collective basic health insurance, these employees will no longer receive a collectivitydiscount on the premium as of 2023.
Fiscal Retirement Reserve (FOR) abolished
Until 1 January, as an entrepreneur you were allowed to reserve a part of your profit annually (deduct from the tax) for a retirement provision. From 2023, this FOR scheme has been abolished.
Normal wage scheme for shareholders (DGA) to 100% in line with the marketFor directors of private limited companies, the standards of the usual wage scheme have been tightened: It must now be 100% of someone with a similar position (was 75%), or equal to the highest paid employee or a fixed amount of at least € 51,000.
Innovative startups pay more income tax
The exception to the usual wage scheme that applied to employees with a significant interest in innovative startups until 1 January 2023 has been lifted. As a result, you can no longer declare the statutory minimum wage as a taxable wage.
Offices with energy label D or lower prohibited
Office buildings must have at least energy label C. A lower label can lead to a fine or closure. Exceptions to this rule are made for, for example, buildings that are smaller than 100 m2, or are demolished within two years.
Discount price 'earlier-vs-now' should not be misleading
The Netherlands Authority for Consumers & Markets can now take stricter action against fake discounts. From now on, the old price is the lowest price that a product had in the 30 days before the discount. In this way, artificial 'van' prices can be avoided.
Nitrous oxide (lachgas) sales for recreational use prohibited
As of 2023, it will no longer be allowed to import, export, sell or have nitrous oxide. Exceptions to this prohibition apply to nitrous oxide for medical and technical purposes and as an addition to foodstuffs.
Payroll tax on stock option may be paided later by employer
If your staff are paid partly in stock option rights, you can choose whether you pay payroll tax on this at the time the option rights are converted, or at the time the shares can be traded. Previously, this choice was not there: before 2023, the payroll tax had to be paid as soon as the employee converted the rights into shares.
More corporate tax for SMEs with bv or nv
The limit of the first bracket of corporate income tax (vpb) has been reduced to € 200,000. That was €395,000. As a result, a smaller part of your profit falls under the low corporate income tax rate. At the same time, the low corporate income tax rate (bracket 1) has increased from 15% to 19%.
Income tax averaging scheme disappears
As an entrepreneur, do you have (strongly) fluctuating income every year, and did you make use of the averaging scheme? This possibility is abolished. The last period on which you can apply the averaging is the period 2022 to 2024.
Minimum wage raise of 10.15%
From 2023, the minimum wage will increase from € 1,756.20 to € 1,934.40 gross per month. The high rate of increase for employers should benefit the spending space of low-income workers.
Converting pension contributions to annuity possible for longer
If you have accrued pension in your own bv, it is now possible to convert the ODV into an annuity, annuity account or annuity investment right after 5 years after the AOW entitlement age.
Untaxed travel allowance increases
The government is responding to increased travel costs by increasing the maximum tax-free/deductible travel allowance from € 0.19 to € 0.21 per kilometer.
Transfer tax on business premises becomes 10.4%
If you, as an entrepreneur, buy a business premises, or invest in real estate, the increased rate for transfer tax has applied to the purchase value since 1 January 2023. Until then, it was 8%.
Price cap ensures lower energy bills
The much-discussed price ceiling for energy has come into effect for small consumers as of 2023. Most SMEs fall - as you can read on your energy bill - in this category. The tariffs for small users are set at 1.45 per m3 of gas (up to 1200 cubic meters per year), 0.40 per kWh of electricity (up to 2900 kWh annually) and 47.38 per GJ of district heating (up to 37 GJ). Above the annual standard, you pay the full rate of your provider on that consumption. If 7% or more of your turnover goes to energy costs, you can qualify for the Energy Costs Allowance Scheme (TEK) (in Dutch) as of 1 November 2022.
UBD (Statement payment third parties) changes
Declaration to tax authorities of amounts paid to third parties has changed. Do you make payouts to people who are not entrepreneurs? Then you must provide the data about Amounts paid to Third Parties (UBD) in a new way from now on.
Sellers on platforms: Tax authorities receive data
By 2023, digital platforms must pass on information about sellers who earn money via their platforms to the tax authorities. This concerns data concerning income, name and address and the account number of the selling party.
Exempt emission space has become smaller
As a result, industrial companies that emit a lot of CO2 will pay more tax. Your ma will emit less CO2 for free by 2023 and will have to pay for it earlier.
Self-employed deduction will decrease faster to € 900 in 2027
The self-employed deduction will decrease by € 1,280 from € 6,310 in 2022 to € 5,030 in 2023. Self-employed people may receive less discount on their income tax.
Are you going to benefit fiscally more this year?
This has changed for private individuals in 2023
Have any Dutch tax regulations that apply to your situation changed as of 2023? Check it out in the overview below, in which Lupacompany briefly explains what has changed. Want to know more? Click on the headers for more detailed information.
From 2023, the minimum wage will increase from € 1,756.20 to € 1,934.40 gross per month. The high rate of increase (more than 10%) should benefit the spending space of people with a low income.
The amount of which is linked to the minimum wage (AOW, WAO, Wajong, Sickness Insurance Act and WIA) increase with the minimum wage. For example, the single person's state pension rises to a net 1353.11 euros.
The much-discussed price ceiling for energy came into effect in 2023. The tariffs are set at 1.45 per m3 of gas (up to 1200 cubic meters per year), 0.40 per kWh of electricity (up to 2900 kWh annually) and 47.38 per GJ of district heating (up to 37 GJ). Are you above the annual norm? Then you pay the full rate of your provider on that consumption.
Care allowance, childcare allowance and housing allowance increase. For example, from 2023, a single person will be entitled to a maximum of € 145 care allowance per month, instead of € 111 in 2022. Childcare allowance increases by 7% (day care and after-school care) and 5% (childminder care). In 2023 you are entitled to rent allowance up to a maximum rent of 808.06 per month. In 2022, this was € 763.47.
The child-related budget increases: for the first and second child, the maximum amount is € 356 per year. The maximum amount from the third child is € 468.
In order to reduce the tax distance between employees and self-employed persons, the employment tax credit will be increased in percentage terms. Persons in both groups with an annual income of up to € 37,626 (was € 36,649 in 2022) benefit from this. Did you receive an employment tax credit as the least-earning partner? Then you will deteriorate: from 2023 this payout will expire.
The tax-free rate for assets increases from € 50,650 to € 57,000. The amount above that will be taxed at 32% as of 2023 (was 31%). The way in which the return is determined will change as of 2023. For example, less tax is paid on savings (with low returns) than on investments (with a higher return).
Are you entitled to a mileage allowance for your commute? Then the government will make a contribution to the increased travel costs, by increasing the maximum tax-free travel allowance from 19 to 0.21 cents per kilometer. This increase also applies to other deductible mileage allowances, such as travel expenses for sick visits.
The maximum tax-free homework allowance increases from € 2 to € 2.15. If you receive a homework allowance from your employer, the amount per day may therefore be increased tax-free to € 2.15.
Donations to charities with an ANBI status could be fully deducted from your income tax. From 2023, the maximum annual amount that you can donate tax-free has been reduced to € 250,000. This is to prevent donating as a means of evading taxes.
As in previous years, the maximum mortgage interest deduction will decrease: in 2023, the percentage will decrease from 40 to 36.93% for homeowners whose income exceeds € 73,031 (bracket 2). This means that the deduction is aligned with that of homeowners with an income in bracket 1 and higher incomes therefore receive the same deduction as with lower incomes.
Jubilee-tonne
Donating a 'jubilee tonne' - a tax-free gift of a bit over a € 100.000 for mortgage costs - would favor first-time buyers in the housing market who are financially supported in this way. In order to promote equal opportunities for starters, making such a high tax-free donation, will no longer be possible from 2023. The one-off exemption was reduced to € 28,947 as of 1 January.
To prevent investors from buying houses, the transfer tax for people who buy a house without occupying it themselves increases from 8 to 10.4%. The maximum home value for starter exemption on the transfer tax will be € 440,000. This was € 400,000. For other buyers, the rate remains 2%.
Owner-occupied flat rate (additional info in Dutch only)
The owner-occupied flat rate is falling. The amount that the tax authorities add to the income will go from 0.45% (2022) to 0.35% of the WOZ value for homes up to 1.2 million. Over the value above 1.2 million, you will retain a 2.35% addition to your income.
As of 2023, the cost-sharing standard for young people who live with a parent who is on welfare, has been changed: welfare benefit recipients with adult children were cut back on their benefit until 1 January when their children living at home became 21 years. The age for the cost-sharing standard is now 27.
To discourage flying, the Dutch tax on airline tickets will increase from € 7.95 to € 26.43 from 2023.
Where private individuals were previously able to recover the VAT on solar panels from the tax authorities, this procedure has been simplified by 2023: by making the purchase of solar panels VAT-free, it will be easier to purchase them for tax purposes. Suppliers of solar panels will now invoice the 0% VAT rate.
The subsidy on new electric cars will decrease from € 3,350 to € 2,950. For second-hand cars, the subsidy is, just like last year, € 2,000. The addition for an electric car from the company in 2022 was 16% to € 35,000 on the catalogue value and 22% on the added value. The percentages remain the same, but the foot for the 16% rate has been reduced: from now on you pay up to € 30,000 16%, and over the rest of the catalogue value 22%.
In 2023, the age at which you are entitled to AOW will have risen again. From 66 years and 7 months you are now entitled to the benefit
For a more comprehensive overview of fiscal changes as of 2023, download this pdf (in Dutch only). If you have any further questions about what legal or fiscal changes imply for your specific situation, please contact us. We are happy to help!
| So much for the latest updates from Lupacompany. Do not forget to submit your documentation in time, or to request a postponement for the 2022 declaration. Do you have any questions? Feel free to contact us! |