Personal income tax and corporate income tax (!)

Personal Income Tax

The tax authorities charge 7,5% tax interest on all Dutch Income Tax/Income-dependent contribution Health Insurance Act assessments imposed, up to tax year 2023, as from July 1, 2024.

To avoid this interest, we advise you to assess the necessity to request a preliminary tax/contribution assessment over 2023 or whether such an assessment is correct. If the final assessment is in line with this preliminary assessment, no interest will be charged by the Dutch tax authorities.

Corporate Income Tax

The tax authorities charge 10,0% tax interest on all Dutch Corporate Income Tax assessments imposed, up to and including tax year 2023, as from July 1, 2024.

To avoid this interest, we advise you to assess whether your operations in the Netherlands during 2023 have resulted in a positive profit and thus whether Dutch Corporate Income Tax may be due. If already a preliminary Dutch Corporate Income Tax assessment has been imposed over 2023, we advise you to assess whether the assessed profit corresponds with the actual profit for 2023. Also in this case: if the final assessment is in line with this preliminary assessment, no interest will be charged by the Dutch tax authorities.

Action before May 1, 2024

Should alteration be necessary or if you would like assistance with determining the taxable result, please let us know accordingly before May 1, 2024 (or in the case of a deviating financial year: within 4 months after the end of the FY). If a new preliminary assessment is requested before May 1, 2024, we can avoid the calculation of this interest. If requested after May 1, 2024, we can only limit the interest.

You may contact your regular contact person at Wesselman to follow-up on the above matter.