Tax deductions in the Netherlands
One of the main advantages of running a BV or sole proprietorship/partnership is that there is a vast amount of deductable goods and services. In the table below you can find the various goods/services of which you can deduct. Deductibles are the tax-deductible expenses subtracted from adjusted gross income. Deductibles reduce taxable income and thereby reduce the tax liability.
|Costs||Which part is deductible?||Notes|
|Home workspace||0% (some exceptions apply)|
|Food, drink, stimulants||A threshold of € 4,600 applies.|
Instead of this threshold, entrepreneurs working as sole proprietor or in a partnership are allowed to deduct 80% of these costs and entrepreneurs for corporation tax (bv) 73.5%.
|The item 'food' includes business lunches and dinners (including tips).|
Think of 'drink' to coffee, tea, milk and soft drinks.
With 'stimulants' you should think of, among other things, cigarettes and cigars.
|Representation, congresses, seminars, study trips|
(including travel and accommodation costs)
|Instead of this threshold, entrepreneurs working as sole proprietor or in a partnership are allowed to deduct 80% of these costs and entrepreneurs for corporation tax (bv) 73.5%.||'Representation' includes the costs of receptions. Promotional gifts also generally fall under 'representation'|
You may deduct a maximum of € 1,500 for the travel and accommodation costs. Was it necessary for your work to attend a conference and the like? Then this maximum does not apply.
|Telephone subscription at home||0%|
|Business phone calls at home||100%|
|Workwear||100%||Work clothing is clothing that you can wear (almost) exclusively within the framework of your company. This must be evident from the appearance of the clothing, for example: a uniform or overall. Is the clothing also suitable for wearing outside of your company? The clothing must then be provided with a logo with a surface area of at least 70 cm2. The logo must refer to your company.|
|Clothing (no work clothes)||0%|
|Briefcases and similar||100%|
|Equipment and instruments that do not|
belong to the business assets
|Business costs of private car||A fixed amount of € 0.19 per kilometer.|
|Business travel costs public transport, taxi and plane||100% of the costs actually incurred||You must be able to prove that you actually incurred these costs. For example, save your train ticket. Are you traveling with an OV chip card? Then make a print out of your journeys.|
|Vessels for representative purposes||0%|