If you are planning to set up a new business in the Netherlands, you must consider the government and other rules. Especially if you are acting as Director of a Dutch company, it’s important that your Dutch company complies with such regulations, in order to avoid any personal liabilities.
Some of the most important company matters that you should consider are:
- Timely filing of tax returns
- Acceptance of the Financial Statement during an Annual General Meeting (preparation of a Resolution)
- Timely filing of the Financial Statements at the Chamber of Commerce
- Updating of Chamber of Commerce records and payment of the registration fee
- Cooperation during ‘official’ company visits or tax audits (by the tax authorities or other agencies)
- Use of proper agreements and Dutch invoice requirements
- Etc. etc.
Bolder Launch can inform you, and assist you with such company matters by appointing a dedicated Company Officer and/or an Accountant.
The accounting timeline in The Netherlands looks as follows:
| Required action | Time frame | Possible extension |
|---|---|---|
| Maintaining accounting records | On-going during the year | Not relevant |
| Preparation of financial statements & Filing of the Corporate Tax Return | 5 months after year-end | Up to 5 months (making the maximum preparation time 10 months after year-end) |
| Filing of VAT Return / VIES Return | Quarterly | Not possible. Penalties (or estimated taxes) apply in the case of non-filing. |
| Filing of Wage Tax Return (in case of pay-rolling) | Monthly | If the above extension is applied, filing should take place ultimately 12 months after year-end. |
Once your business is operational in the Netherlands, we can assist you during every accounting milestone, and perform the administrative duties of the company.
This guide is part of Taxation & Accounting in our Launch Guide.
