The general VAT rate is 19%. For certain products and services the lower rate of 6% is applicable. This for example includes the basic needs of life like food. Some products and services are exempted. For these the rate of 0% applies. Read More

The following statements are required for VAT purposes on invoices: date of issue; a specific number; where necessary, the VAT identification number of the taxable person and his customer; full name and address of the taxable person and his... Read More

VAT returns must be filed regularly by VAT registered businesses. It is  typically required for businesses to file VAT returns on a quarterly basis. The  return will show how much VAT you charged during that period of time, which is ... Read More

No. In order to reclaim VAT you must first complete a VAT registration for your business. Once registered you can claim VAT on goods/services you sell and also reclaim VAT on goods/services you have purchased for your business from others. Read More

You send invoices to your client   Important is the date of the invoice. The moment you create the invoice you owe the VAT which you have mentioned on the invoice to the tax authorities. So if you have created an invoice on December 28, the... Read More

You want to send an invoice but you don't have a VAT number There can be several reasons why you ask this question. You have requested a VAT number but it hasn't been granted yet After you started your business you have registered with the... Read More

  Unlike the income tax and corporate income tax it is not possible to request a time extension for filing a VAT return. You are (in principle) always obliged to file the VAT return before the deadline. If not, you will receive a fine.  ... Read More

Depreciation   Depreciation is the process of allocating the depreciable cost of a long-lived asset, except for land which is never depreciated, to expense over the asset's estimated service life. Depreciable cost includes all costs... Read More

  Expenses in the research phase of your business It may be that you are thinking about starting your own business. You are doing some market research and you are already buying some equipment.   Save all the receipts and invoices you... Read More

Question: I am starting as a Freelance writer here in the Netherlands and wanted to know how I can register for a VAT number? I have spoken with my Chamber of Commerce and they advise that as I only have one customer so far it is... Read More

For which costs can I claim back the VAT being an entrepreneur? If you are accountable for VAT and the delivery of your products and services is not (partially) exempted, you can deduct the VAT you have paid in your periodic VAT return under the... Read More

  Difference between an exemption and a rate of 0%   If goods or services are exempted from VAT, the VAT on the expenses made to produce these goods or services can't be claimed back. If the goods or services are taxed with 0%, the VAT... Read More

Time extension for VAT return   Unlike a personal income tax return or corporate income tax return it is not possible to get a time extension for filing a VAT return. You will always have to file the VAT return before the applicable deadline. If... Read More

The consequences of not declaring or paying the VAT in time   A business will have to declare the VAT to the tax authorities every month or quarter (or even year). It may happen that you can't declare and pay in time due to certain... Read More

Question:   dear sir/madam, re: article - men‘s shirt h.s. code 6205 2020 imported from China. What‘s the VAT rate for above article? Please advise. many thanks.   Answer:   The VAT rate for clothing is 19%.   ... Read More