Is the world getting smaller or is your reach getting bigger? The latter, of course. Dutch SMEs are now very active on international markets. If you operate internationally, you will inevitably have questions about international fiscal and legal matters.
International advice subsidised
These are just some of the questions I come up against in practice:
- Do I need to set up a foreign entity for my business or can I simply supply goods from my Dutch company?
- I sell goods to private individuals via my website. Do I need to charge Dutch or foreign VAT?
- I import goods from Asia. What import levies apply and why do I have to pay VAT to the customs authority? Could this be done more smartly?
- One of my employees mainly works abroad. Do I have to pay foreign wage tax?
- My sales abroad are on the increase. I am thinking about opening an office or renting a warehouse. Will I also have to pay foreign tax on my profits?
- How do I deal with transfer pricing if I supply goods to foreign subsidiaries?
- I have Dutch general terms and conditions. Do these also apply abroad?
Each of these questions could have a huge impact on your operations if it emerges that you have followed the wrong procedure. There is a risk of being taxed twice and nobody wants that! Visser & Visser’s international tax consultants can help you with these questions, and many others besides, working closely with our partners from the Prime Global network.
Since 10 October 2016, the government has even been offering businesses an incentive to engage an advisor.The Ministry of Foreign Affairs has introduced a subsidy for international fiscal or legal advice. SMEs can apply for a knowledge voucher that entitles them to reimbursement of 50% of the costs of international advice, up to a maximum of € 2,500 excluding VAT.
Further information and the terms and conditions can be found at http://www.rvo.nl/subsidies-regelingen/starters-international-business-sib/kennisvouchers
This is your chance – benefit now from subsidised advice!