Investments or foreign costs
Assets that you buy for your business and need to be able to make your products or provide your services can be an investment. This includes machines, means of transport, tools, inventory, goodwill or permits.
VAT paid in an EU country
Have you bought goods, services or imports in another EU country and paid VAT there? Then you cannot deduct the VAT in your Dutch VAT return. You then enter these costs including VAT and set the VAT percentage to 0%.
Shifted incoming invoice
With invoices from Facebook, Google and Adobe you often see on the invoice “VAT to be accounted for by the recipient” or something in that direction. In this case you indicate “Shifted within EU” when VAT percentage 21%.
However, you may be able to deduct this VAT in your foreign declaration or reclaim it from the EU country via the Dutch tax authorities. You can use your Bookie for this, but this is only worthwhile in the case of larger amounts as these hours are not included in the subscription.
Intra-Community acquisition or reverse charge VAT
Have you purchased services or goods from an entrepreneur from another EU country (this is called an intra-Community acquisition or ICP in Dutch) or has the VAT been transferred to you? Then you calculate the VAT amount yourself. You state this in your Dutch VAT return. If you use the goods or services for taxed turnover, you deduct the VAT as input tax at the same time. Since you give it up and then deduct it, you pay nothing at the bottom of the line: just like with domestic business costs.
When you are with us, we do that for you.