What is Corporate Income Tax?
The corporate income tax (vennootschapsbelasting or vpb) is a tax on the taxable profit. Your company pays corporate income tax on the taxable profit in a single financial year. You can reduce the taxable profit if your company has deductible losses (offset losses against profits).
Often a financial year is the same as a calendar year. However, a ‘broken’ financial year (for example from May to April) is also permitted. The financial year for the corporate income tax return must be the same as the financial year in the company’s articles of association.
Who files a corporate tax return?
Businesses with legal personality have to file a corporate tax return in the Netherlands. Dutch legal structures with legal personality are:
- besloten vennootschap or bv (private limited company)
- naamloze vennootschap or nv (public limited company)
- stichting (foundation)
- vereniging (association
All bvs and nvs have to file an annual corporate tax return. Foundations and associations that operate as a business usually also have to file, but there are exceptions.
Filing your corporate income tax return and tax rate
You file the corporate income tax return each year, at the end of the company’s financial year. You have to file your corporate income tax return digitally. The tax rate depends on the taxable amount.
For the part of the taxable amount
| For the part of the taxable amount | Rate |
| up to and including € 200,000 | 19,0% |
| above € 200,000 | 25,8% |
How can Bolder Launch assist with your business
At this moment (mid-March, 2024), as part of the Dutch tax requirements, it’s nearly time for your company to fulfill its obligation by submitting the corporate tax return for the financial year 2023. An official notification letter will/was be sent by the Dutch Tax authorities to your registered correspondence address in March 2024.
Consequently, this means that the following activities must be carried out:
1. Providing of financial statements;
2. Preparation of corporate tax return;
3. Preparation of publication documents for the Chamber of Commerce;
4. Preparation of the Annual General Meeting resolutions
Bolder Launch can take care of all the formalities, which include the drafting of the Financial Statements, Publication Report (Chamber of Commerce), and preparation of the Annual General Meeting resolutions. Please note that any delay in filing may result in penalties or personal liabilities for the directors.
The due date is the 1st of June 2024, but we can request an extension of the due date, depending on how soon we can receive your documents and the size of your administration.
In order to provide you with fixed fees as well as a timeline for all above-mentioned formalities, contact launch@bolderlaunch.com or +31762300011 for more information.
Based on your input, we will provide you with a quote for our services. Once you approve the quote, our accounting team will schedule the work (and request the final documents). If necessary, we will request for an extension of the filing date.
The publication has been prepared for general guidance on matters of interest only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No presentation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, Bolder Launch B.V., its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting or refraining to act in reliance on the information contained in this publication or for any decision based on it.
