The Dutch tax authorities recently updated legislation concerning fiscal representation.  The main impact of the update is that the level of bank guarantee required could be significantly reduced for businesses.

Under the previous rules, businesses had to lodge between 5% and 100% of any VAT that may be due.  The new rules bring in lower maximum limits depending on the type of goods in question.  Please contact us if you would like to find out about the possibility of reducing your bank guarantee in the Netherlands.

By |January 17th, 2014|