David Harreman

February 8, 2025

New regulation VAT supplements applicable as of January 1, 2025

2025-01-24T13:19:05+00:00January 24, 2025|companies in financial distress, posts|

From January 1, 2025, a new obligation will apply with regard to VAT supplementations: if it is found that too little VAT has been declared and paid, this must be corrected within eight weeks by submitting a VAT supplementation to the Tax Authorities. This significantly tightens the replenishment deadline, or at least there is less room for ambiguity. Failure to comply with the replenishment obligation may result in the imposition of fines. In the case of intent or gross negligence, there may even be a fine of up to 100%.

Breakthrough; corporate tax interest is unreasonably high, here’s what you can do.

2025-01-09T15:23:33+00:00January 9, 2025|companies in financial distress, posts|

On 7 November 2024, the North Netherlands Court ruled that a tax interest rate of 8 per cent on a 2021 assessment is not reasonable. This landmark ruling opens up new opportunities for taxpayers who have faced high corporate tax interest rates. What does this ruling mean specifically for you, and what steps can you take now?

Action on taxation in box 3

2024-11-12T11:04:54+00:00November 12, 2024|companies in financial distress, posts|

As we all know, there has been a lot of recent movement on box 3 taxation. Box 3 primarily taxes savings, investments and real estate. The assets in this box were previously taxed on the basis of a flat rate of return: the tax authorities set an assumed percentage, regardless of the actual return. This meant that many taxpayers paid taxes on a return they had not actually received. You may also have overpaid taxes in the past. If so, chances are you may be eligible for legal redress!

Request for debt restructuring and Corona: the tax collector thinks along

2023-02-13T14:39:08+00:00May 12, 2022|companies in financial distress, enterprise and business, enterprise and government, posts|

Until further notice, the Tax Authorities will approach requests for restructuring of tax debts with a flexible attitude. This applies in particular to requests from entrepreneurs whose businesses are fundamentally sound and who have been affected by the Corona crisis. For these entrepreneurs, the generous corona deferral policy may prove to be of no avail.

Fiscal support measures during Corona crisis

2023-02-13T14:40:06+00:00March 18, 2020|companies in financial distress, enterprise and business, enterprise and government, international, news, posts, specialist areas|

On the 17th March 2020, the Cabinet announced a large number of measures. These measures are aimed at supporting companies and freelancers. The measures include measures to maintain employment on the one hand and measures to ensure that companies do not go bankrupt and that self-employed people can maintain an income on the other hand.

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