Usual return period

When you have received a letter from the Dutch Tax Authorities (Belastingdienst), in which you are invited to declare your income tax over 2023, then you have to do that before the specified date. In most cases this is May 1, 2025.

It is possible though, to request a postponement. There are two ways to do so:

1. You can apply for postponement yourself (as of March 1, 2025), or
2. We, as your tax consultant, can do this for you.

Postponement through us or applying yourself

If you want to make use of the deferral scheme and apply for this yourself, then your declaration is postponed for four months, until September 1, 2025. The postponement that we may apply for, runs for twelve months, until May 1, 2026.

Existing clients

If we have already done your tax declaration in 2023, then we automatically apply for postponement for the filing of 2024. So you don’t have to ask for this specifically. But if you rather not make use of the deferral scheme, do let us know. In that case we will not apply for postponement.

New clients

If we have not done our tax declarations earlier, please let us know if you want us to apply for the deferral scheme. Just to be on the safe side; do ask for postponement yourself too.

How to request postponement yourself?

There are three ways to make use of the deferral scheme yourself:

Via the online portal on Mijn Belastingdienst (in Dutch only), by telephone (tel. 0800-0543, keep your social security number at hand) or with a downloadable form.

Make sure you do apply for May 1, 2025!

Conditions deferral scheme through us

Postponement is not a legal right, instead it is a favor that might be granted to you. That’s why we advise you not to use the scheme to turn a delay into a cancellation of turning in the required information.

We therefor like to receive all documents that are required for us to do your declaration of 2024, before December 1, 2025. For files we receive after this date, we charge an additional 25% over the regular rate.

Tax benefits

The deferral scheme also applies to tax benefits.

Additional postponement

If there are circumstances through which you are unable to have your tax declaration being made, we can apply for an additional postponement. In that case we must apply for this before May 1, 2026. To get this request approved, we must provide legitimate reasons that motivate why postponement is required.

You want to start the filing process?

Please read this article to get started.

A new tax year started, so you can start with your income tax filing 2024. Because the Hand-in Help form is now online, we are ready!

Have you lost oversight over the information you need? The Hand-in Help can aid you in this.

The Hand-in Help supports you with the question what information we need for the declaration. The document contains several questions. If the question applies to you, below the question we state what information we need from you.

We would like to ask to fill in the Hand-in Help for income tax filing 2024 and submit it to us. You can find the hand-in-help on the website of Lupacompany, under the heading 'for clients', or by clicking on this  link.

Due dates income tax filing 2024

Pay attention: Foreign taxed persons must file their income tax statement of 2024 before May 1, 2025. This is two months earlier than in the years before!

We advise you to submit the Hand-in Help to us as soon as possible to prevent any unnecessary tax interest. Read  this article  if you want to know more about the referral scheme of tax declaration.

Do you have any questions? Don't hesitate to contact us!

Usual return period

When you have received a letter from the Dutch Tax Authorities (Belastingdienst), in which you are invited to declare your income tax over 2023, then you have to do that before the specified date. In most cases this is May 1, 2024.

It is possible though, to request a postponement. There are two ways to do so:

1. You can apply for postponement yourself (as of March 1, 2024), or
2. We, as your tax consultant, can do this for you.

Postponement through us or applying yourself

If you want to make use of the deferral scheme and apply for this yourself, then your declaration is postponed for four months, until September 1, 2024. The postponement that we may apply for, runs for twelve months, until May 1, 2025.

Existing clients

If we have already done your tax declaration in 2022, then we automatically apply for postponement for the filing of 2023. So you don’t have to ask for this specifically. But if you rather not make use of the deferral scheme, do let us know. In that case we will not apply for postponement.

New clients

If we have not done our tax declarations earlier, please let us know if you want us to apply for the deferral scheme. Just to be on the safe side; do ask for postponement yourself too.

How to request postponement yourself?

There are three ways to make use of the deferral scheme yourself:

Via the online portal on Mijn Belastingdienst (in Dutch only), by telephone (tel. 0800-0543, keep your social security number at hand) or with a downloadable form.

Make sure you do apply for May 1, 2024!

Conditions deferral scheme through us

Postponement is not a legal right, instead it is a favor that might be granted to you. That’s why we advise you not to use the scheme to turn a delay into a cancellation of turning in the required information.

We therefor like to receive all documents that are required for us to do your declaration of 2023, before December 1, 2024. For files we receive after this date, we charge an additional 25% over the regular rate.

Tax benefits

The deferral scheme also applies to tax benefits. 

Additional postponement

If there are circumstances through which you are unable to have your tax declaration being made, we can apply for an additional postponement. In that case we must apply for this before May 1, 2025. To get this request approved, we must provide legitimate reasons that motivate why postponement is required.

Usual return period

When you have received a letter from the Dutch Tax Authorities (Belastingdienst), in which you are invited to declare your income tax over 2021, then you have to do that before the specified date. Usually this is May 1, 2023.

It is possible though, to request a postponement. There are two ways to do so:

1. You can apply for postponement yourself (as of March 1, 2023), or
2. We, as your tax consultant, can do this for you.

Postponement through us or applying yourself

If you want to make use of the deferral scheme and apply for this yourself, then your declaration is postponed for four months, until September 1, 2022. The postponement that we may apply for, runs for twelve months, until May 1, 2024.

Existing clients

If we have already done your tax declaration in 2021, then we automatically apply for postponement for 2022. So you don’t have to ask for this specifically. But if you rather not make use of the deferral scheme, do let us know. In that case we will not apply for postponement.

New clients

If we have not done our tax declarations earlier, please let us know if you want us to apply for the deferral scheme. Just to be on the safe side; do ask for postponement yourself too.

How to request postponement yourself?

There are three ways to make use of the deferral scheme yourself:

Via the online portal on Mijn Belastingdienst (in Dutch only), by telephone (tel. 0800-0543, keep your social security number at hand) or with a downloadable form.

Make sure you do apply for May 1, 2023!

Conditions deferral scheme through us

Postponement is not a legal right, instead it is a favor that might be granted to you. That’s why we advise you not to use the scheme to turn a delay into a cancellation of turning in the required information.

We therefor like to receive all documents that are required for us to do your declaration of 2022, before December 1, 2023. For files we receive after this date, we charge an additional 25% over the regular rate.

Tax benefits

The deferral scheme also applies to tax benefits. 

Additional postponement

If there are circumstances through which you are unable to have your tax declaration being made, we can apply for an additional postponement. In that case we must apply for this before May 1, 2024. To get this request approved, we must provide legitimate reasons that motivate why postponement is required.

The Dutch Government has taken measurements to help companies and freelancers to have an income. Because the reopening is taking longer and under specific conditions the measurements are extended. The measures for the period up till may/june are extended or replaced by another measure. 

- NOW is extended 

- TOGS has been changed to TVL MKB

- TOZO is extended but not totally. 

- Deferral of tax payment

NOW ( to pay for your employees)

Extention of the current NOW. Lower revenuefor the months june up till august. The reference month is march. Fired employees will be taken from the payout but no fine. Employers using the NOW for this period will be asked to stimulate employees to change profession. 

TVL MKB (to cover for fixed expenses) 

Hard hit sectors with a drop in revenue of minimal 30% will be able to apply for a grant of maximum of 50.000 euro to cover for rent, insurances, lease contracts and maintance. The period covered is june up till september 2020.

TOZO 2.0

Income of freelancers will be get an additon to their income up till social minimum income. The income of your partner is part of the calculation. 

Deferral of tax payment

Companies can get an deferral of 3 months when requested. You can request for longer period then 3 months, but under the condition the money is used to pay company expenses and not paid to owners in the form of a loan or dividend.

The tax authorities increasingly use eHerkenning (English translation: e-recognition) for the communication between taxpayer and tax authorities. With e-recognition, the identity of the taxpayer is guaranteed. There are four levels of security, with level 4 being the safest. The communication for legal companies (BV, foundations) with the tax authorities is at level 3. It is also not possible to provide a bank account number to the tax authorities without e-recognition.

As entrepreneur in The Netherlands you need eHerkenning to log in at more organisations than only the tax authorities. More than 500 organisations are already working with e-recognition. Also municipalities, customs, RVO and UWV -to name a few- use this log in methode. More and more you might need e-recognition to report administrative changes or do applications.

e-recognition via Lupacompany

If you are a customer of ours and you do not want to do the whole hassle of the application, you can do that through our office. We then take the responsibility to apply for eHerkenning to your company in accordance with the law. This is a special intermediary e-Recognition, intended for Administration and accountancy firms.

How does it work?

1. After we have agreed that we are submitting the application, we need the following information from you:

• Company name
• Name of person authorized to sign
• Number Chamber of Commerce
• Address of the company (must be the same address as in the Chamber of Commerce)
• Authorized person's email address

2. We will then send a request via our e-recognition supplier;

3. You will then receive an agreement at your email address;

4. Printing and sending the agreement to the address specified on the contract;

5. When the agreement has been processed, we can pass on data to the tax authorities on your behalf.

Costs e-recognition 

The first year the costs for application and subscription e-recognition are 85 euros. (subscription 37,50, application 47,50)

The following years you only pay E37,50 a year for the subscription.

Application

Do you want to apply for eHerkenning via Lupacompany? No problem! Don't hessitate to contact us.

Also, if you have a question or comment after this article, please let us know. Send an email to info [at] lupacompany.com

Regulation 2020

The tax is 30% over the fictitious interest over your capital. the fictitious rate on your capital is higher when your capital is higher. The rate is set between 1.8% and 5.33%. Where the capital is exempt up to €30.846. Debts are deducted from your capital, although there is a threshold of €3.100.

Capital 2022 (proposal)

The tax is 33% over the fictitious rate of your wealth. The fictitious rate is dependent of the nature of your investment, 0,09% for saving and the rest (investment, home) is taxed with 5,33%. The interest on your debts is 3,03% for which a untaxed income of €400 will apply.

Great difference between saving and not saving

Saving will be taxed at 0,09% with €400 of untaxed income from saving and investments will have a free saving capital of €444.444

Other capital (a second home, investments such as shares and bonds) will be taxed at 5,33%. Bonds do not generate a 5,33% interest rate, but will still be taxed at 5,33%.

But pay attention; the fictitious rate can go up and then a untaxed capital is quickly reached for those who save.

Borrow from the BV (LLC)

Borrowing from the BV will be taxed more heavily. Loans above €500.000 will be considered dividend and taxed as such in the income tax. Loans below €500.000 will be taxed in box 3 at 3,03%.

What to do?

Save more but no return

It can be advisable to take a close look at your investment portfolio and ask yourself the question if you make enough income (profit from capital and return). If the income is too low you should consider if a switch to saving is not better for tax reasons.

Set up Savings BV

When you have a lot of investments and you do not want to save you can also consider starting a Savings BV with your box 3 income. In that case you buy shares in your BV for a high price and with that the capital shifts from box 3 to box 2. With interests between 0,09% and 5,33% this can be a solution if the capital is high enough. The total tax of a BV is 40% (VPB +AB taxation) over the actual interest and taxes in box 3 is 33% of the fictitious rate.

Pay attention: Currently this law has not gone into effect. The expectation is that law will be presented to the parliament. At that time we will approach our clients individually for a consultation.

Welcome on our website Lupacompany, at this moment we are working on transalating all of our Dutch text into English. Its work in progress and we have already loads of information in English available for our clients.

Right know on our website Lexlupa.com under http://lexlupa.com/en/tax-az we have 37 tax law items available for expats and self employed professionals, for example regarding 30% ruling, tax facilites when you want to start to setup a business as (ZZP) self employed. And also 15 articles regarding Life Events such as alimony or how the pension system is working in the Netherlands or about starting a company.

Please keep checking our website to see more information avaible to you in English.