Country – Netherlands

Netherlands

Netherlands is one of the 27 Member States of the European Union.

Basic VAcTs

Latest update	01.06.2024
Country ISO Code	NL
EU Member State	Yes
Local name	Belasting over de toegevoegde waarde (BTW)
VAT number format	NL 123456789B01
VAT Rates
Standard VAT Rate	21%
Reduced VAT Rate	9%
Special Reduced VAT Rate	n.a.
VAT Compliance
Standard VAT Return filing period	Calendar quarter or monthly
Standard VAT Return filing deadline	Last day of the month following the filing period
VAT Representation required for non-resident businesses?	No *
Record retention period	7 years (10 years for transactions relating to immovable property)
Electronic invoicing	Not mandatory for B2B transactions Click HERE for more info
Real-time reporting	n.a.
Special Rules
General domestic reverse charge for domestic supplies of goods by non-resident businesses?	Yes, domestic supplies of goods by non-resident businesses to established and VAT registered B2B customers
Other domestic reverse charge mechanisms?	Yes, e.g. supplies of specific goods (e.g. IT products), supply of CO2-certificates, and (sub-)contracting work
Postponed Accounting on Import	Yes, with article 23 license
VAT Grouping possible?	Yes
VAT Refunds for non-EU businesses?	Yes (no reciprocity)
Remarks
Link to VAT Law	HERE
Remarks	* VAT representative is not mandatory, but recommended for foreign businesses that want to use the postponed accounting on import

Below is an overview of the latest VAT news for this country.

Note: The above information is taken from various sources and is for information purposes only and is not intended to be advice. Although the author went to great lengths to make sure the information is accurate and useful, users should not act on the basis of any matter used or presented without considering appropriate professional advice.