Income tax

In principle, everyone who earns an income from working in the Netherlands and/or has assets in the Netherlands is required to file an income tax return. The amount of tax you pay depends on how much you earn, and the value of your assets (savings and investments). If you pay income tax as an entrepreneur, you need to state your company’s profits on your tax return. Are you a small business owner who is familiar with the concept of income tax returns, but would rather outsource your tax returns to an expert? Then you’ve come to the right place.

Three categories

In the Netherlands, income tax is divided into three categories or boxes.

  • Box 1 (income from employment and income)
  • Box 2 (income from a substantial shareholding in a limited company)
  • Box 3 (taxable income from savings and investments)

Annual income tax return

When you file an annual income tax return, you need to indicate your earnings from the sources of income listed in the three boxes above. You need to file your tax return before the 1st of May in the year after the assessment year. In other words, you file your 2017 tax return before the 1st of May 2018. Failure to do this on time means that you’re at risk of a fine. If you may not be able to submit your tax return by the 1st of May deadline, you can request a deferment beforehand. Need help and advice? Call us!

Income tax for entrepreneurs

As an entrepreneur, you must state your company’s profits on your income tax return. Income tax applies to three sources of income:

  • Income from employment
  • Profits from a business
  • Income from other activities

If you pay income tax as a business owner, and spend over 1,225 hours a year on your business, you can apply for the self-employed person’s allowance (ondernemersaftrek). Need to find out more about the deductions available to freelance professionals and entrepreneurs? Call us!

Who are we?

NAHV Belastingadviseurs is the finance and accountancy firm where you can ask the questions you never dared to ask. We specialise in tax and administrative solutions, and financial advice for (creative) entrepreneurs. We have over 3,500 regular clients ranging from artists, to journalists, architects and many other professionals and companies in the creative and cultural sector, as well as lawyers, independent contractors in the construction sector, physiotherapists and countless other professions. Whether you’re a freelancer or self-employed professional, director and major shareholder of a private limited company or a general partnership, we help everyone.

Our office has served Amsterdam and the surrounding area for 25 years. We have in-house experts, work as a team, take a proactive approach, and can keep the costs manageable.

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