The Netherlands is a kingdom located in Western Europe and has a territory of 41,543 square kilometers that includes the country itself, as well as 3 islands - Aruba, Curaçao and Saint-Martin. The Netherlands borders Belgium and Germany. The Netherlands has access to the North Sea. The Netherlands has a population of 17 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - from 15% up to 25%, a tax rate of 9% applies to profits under the Innovation Box regime. Tax returns are filed on an annual basis. Advance income tax payments are made based on 2 assessments
- Dividend withholding tax - Standard tax rate 15%
- Interest withholding tax - 25%
- Royalties withholding tax - 25%
- Capital gains tax - from 15% up to 25%
- VAT - Standard tax rate 21% or reduced rates from 0% up to 9% or tax exempt. Tax returns are filed on a monthly or on a quarterly basis
- Personal income tax - from 9.42% up to 49.5%.
The following are the most common types of companies to incorporate a company in the Netherlands as:
- Limited liability company (Besloten Vennootschap - B.V.)
- Public limited company (Naamloze Vennootschap - N.V.)
- General partnership (Vennootschap Onder Firma - V.O.F.)
- Limited partnership (Commanditaire Vennootschap - C.V.)
- European company (Societas Europaea)
- Branch office (Filiaal).
Official currency of the Netherlands is euro (EUR).
GDP of the Netherlands currently amounts to more than EUR 702,5 billion. The growth of the GDP in 2018 was around 2,2%, inflation - 1,5%. Export volume amounted to EUR 425 billion, import volume - EUR 372,5 billion.
Market economy dominates in the Netherlands, however, traditionally, the government plays a significant role in such sectors as transport, fossil fuels and heavy industry. The government is also an employer for a significant number of work force and influences the investment policy.