Income Tax and Its Regulations
Two type of taxes
For both non-limited and limited companies, expenses can be claimed as business expenses. For example costs for travel, marketing, communication, legal, accountancy, equipment, or services from a third party can be deducted as business expenses.
Dinner, gifts and study trips or conference attendance costs are only partially deductible. Not deductible are clothes, fines, personal devices, personal computers, and general literature.
If you need a car for your business, you have two options. Use your own private car for the business or put a car on the balance of the company. With the first option, you can claim the business kilometer against € 0,19 per kilometer. The second option makes it possible to deduct all the expenses (fuel, insurance, taxes). However, at the end of the year you must add the car to your personal income because of the personal use. As a result, you will have higher income. Which option is the best depends on the personal situation.
Based on the administration the income/corporate tax return must be filed. This must be done before May 1 of every year. Before Juni 1 is for the company IC. As an entrepreneur you will receive an invitation from the Dutch tax authorities. Most tax advice companies have an extension arrangement with the Dutch tax authorities. In that case the tax return can be filed one year later. Be aware that if you file the tax return too late penalties will be issued.
Self-employed persons allowance (Zelfstandigenaftrek)
Starter allowance (Startersaftrek)
R&D allowance (S&O Aftrek)
Co-working partner relief (Meewerkaftrek)