Global Connect Admin Tax Workshop für Chinese Companies in the Netherlands
On March 5, the Global Connect Admin Tax Workshop for Chinese Companys in the Netherlands took place in Amsterdam. More than 30 interested participants of Chinese companies based in the Netherlands took part in our seminar „Tax advantages for a Dutch company“. Our tax experts have provided information in Chinese and English on relevant topics of Dutch tax legislation. The focus was on low corporate tax rate, which is still decreasing in recent years, no withholding taxes for interests and royalties, withholding tax for dividends as low as 15% (to Chinese residents is 10%) and possible participation exemption.
Furthermore, the latest news in tax regulations in 2019 was on the agenda: The Global Connect admin team explained to the participants that 19% and 25% in 2019, respectively. The substantive tax will increase, which is 25% in 2019 and the lower VAT rate has increased to 9% in 2019. In addition, it dropped Wealth tax rate insignificantly. Expat settlement has been shortened to 6 years in 2019. A number of innovations that must be observed in the company administration.
The second part of our seminar was very practical and focused on invoice compliance requirements. Using concrete examples, the participants from all over the Netherlands were able to practice the correct billing process.
Do you have any questions about tax advantages for Dutch company? Please feel free to contact us directly to see what GCA can do for you. Global Connect Admin B.V. (GCA) is a trusted partner in all matters of company administration, financial management, bookkeeping and accounting. As an experienced administration office, we provide our client with an extensive package of services. We closely align these services with our clients’ specific needs and adapt our corporate culture to guarantee a long-term partnership.