SAS News

Which costs are covered by the work-related costs scheme and which are not? You must formally designate them in advance. In practice, however, many business-owners find this to be a lot of bother. Fortunately, that is about to come to an end as the Tax and Customs Administration has this year published a proposed text which you can easily adopt to provide a general designation that will clarify whether or not allowances and employment benefits fall under the work-related costs scheme.

From now on anyone getting married does so under a limited community of property regime. What that means is that your personal possessions and debts from before the marriage remain your property, the possessions and debts which you acquire during the course of the marriage are jointly owned. You can change the 50/50 division by drawing up or changing a prenuptial agreement. But it is important to note that this means that gift tax becomes liable.

The government has proposed that from 1 January 2019 the maximum duration of the 30% facility will be cut from eight to five years. If the proposal will become effective law, this will apply to both new and existing users. Because no transition arrangements have been proposed, in six months’ time some expats will see a significant reduction in their income or employers will have to remit more wage tax.

Do you have debtors who cannot pay their outstanding invoices? Then you can submit a request to the tax authorities for a rebate of the VAT you have already remitted on those unpaid invoices.

In our last newsletter we reported that the Tax Plan for 2018 included few major changes. That is not the case with The Rutte III Coalition Agreement, however, which announces the policy plans for 2018 and the years thereafter. The main priorities in the area of fiscal policy are to make work more profitable, tax pollution more heavily, tackle tax evasion and make the Netherlands more attractive to businesses developing real business activities that create jobs.