5 July 2002

www.expatax.nl

From: Arjan Enneman

After three months I now send you the third newsletter. It has been a very hectic period the last three months. Much more expats contacted me to take care of their tax return then I could ever imagine. A lot of different questions were asked and people needed help with all kinds of problems.

Still there is a lot of work that needs to be done and some needs to be done urgent. It can be possible that I still have to send you your tax return. I didn't forget you, but it takes time to organise everything and to complete all those forms. If you are in a hurry because you will leave The Netherlands in a few weeks, let me know and I'll try to complete everything before you leave.

Next year I believe everything will go smoother. This year changing from employee to self employed costed me more time than I expected.

This newsletter is being send to all the emailaddresses in my addressbook. I don't like to spam people so if you received this newsletter in error or you don't want to receive the newsletter anymore please let me know. Because of an earlier crash caused by a well known virus it's possible I didn't remove your emailaddress as requested. Please unsubmit again if that's the case. Also if you are Dutch and don't want to receive the English newsletter you can unsubscribe. I don't know if I will make a Dutch newsletter again in the future.

Look below in the left for removal of your email address.

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It can happen that you have a much higher income in one year then you had in other years. This could be the case when a bonus is received or a compensation (of a couple of monthly salaries) because the contract is ended by the employer. In that year you will have to pay a lot of tax. There is a possibility to reduce taxes by averaging the taxable income.

The purpose of averaging is to distribute income evenly to mitigate progression. As there is a progressive rate in box 1 only, averiging may be done in box 1 only. Averaging can be done over three consecutive tax years. Averaging involves a threshold of Euro 545.

It's not possible to include the year 2001 in the period prior to 2001. This is the result of the revised tax system in 2001. Therefore, the averaging period must be prior to 2001 or start with 2001. A request for averaging must be done within 36 months after the (last) tax assessment(s) become irreversible.

Holidays have started again. If you are going on vacation you will certainly need travelinsurance. Your bagage might be stolen or you might have to go to a foreign doctor or hospital. Don't let this spoil your vacation. Be sure that everything will be paid for.

The costs for a good insurance are not very high. You can also decide to get a permanent travelinsurance so that you are insured on every day of the year. Premiums for permanent travelinsurance start at 45 Euro per year.

Send me an email for information about a travelinsurance.

Beside the attractions all the cafes are open. You will also find a huge beachtent (Heineken) and a big beerhall (Bavaria) on the fairground. So if you don't like the fairground you can always enjoy a nice drink.

We would like to visit the fairground on Sunday 21 July with our clients. It's a nice way to meet each other and other expats.

If you want to visit this unique fairground with us please take a look at our website or click on the link below.

Visit the fairground

Our last quotes on the website:

Nationwide Building Society predicts further 20% growth in UK house prices this year, If you own a dutch property, why not use some of the equity to capture this potential gain?

Financial Times says FTSE 100 will not get back to '6000' level for ten years. Switch your investments into non-equity based property fund returning 7 to 8% per year.

If you would like to receive a quotation for a mortgage click on the link below.

Mortgage quotation

Kind regards,

Arjan Enneman