Time to file your VAT return!
Are you an entrepreneur for VAT purposes in the Netherlands? Then, you need to file a VAT return (in Dutch: btw-aangifte). You are an entrepreneur for VAT when you work independently and receive income from it. The VAT return can be filed every month, quarter, or year. However, usually, it concerns a quarterly declaration. In October, it is time again to file your VAT return for the third quarter.
Why a VAT return?
In the VAT return, you state all the VAT your customers paid on your products and services. However, it can also be the case that you have paid VAT to, for example, suppliers; this is called input tax. You may deduct this input tax from the VAT to be paid. You have to pay the difference to the tax authorities. Did you pay more VAT than you received? Of course, in this case, you will get the difference back.
Are you a starting entrepreneur?
Did you register your company with the Chamber of Commerce? Then the Chamber of Commerce will automatically pass on your details to the Dutch Tax Authorities (Belastingdienst), so you don’t have to worry about this yourself. The tax authorities will then determine whether they will include you as a VAT entrepreneur. Is this the case? Then you will receive a VAT number and VAT ID. In addition, they will send you a letter explaining how and when you have to file the VAT return.
Avoid a penalty
Make sure to submit your VAT return and pay the amount on time. Are you not doing this? Then you can expect a fine of € 68. The deadline for the VAT return for quarter three is October 31, 2021.
Help with your VAT return
Are you a VAT entrepreneur, and do you not want to worry about the VAT return? We are happy to take care of the declaration. Look at the services we offer or contact us using the details below.