Doing business in the Netherlands

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Format: Buch
Sprache:English
Veröffentlicht: Rotterdam Ernst & Young 1996
Schriftenreihe:Ernst & Young's international business series
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MARC

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Datensatz im Suchindex

_version_ 1819727836222586880
adam_text Table of contents __ Investment 1 Chapteri The Netherlands—A Profile Climate 1 Geographyard C imate 2 History 2 Political System 2 Legal systcm 3 Population and socia Dattems 3 o Popu a .ion 3 c Language 4 c Religion 4 o Edccation 4 c I iving Standards 4 o Cultural arid socia1 hfe 4 1 he Economy 4 c General descnp ion 5 o Mineral and energy resources 5 u Agr Cul;ure, isheries, forestry b o Manufacturmg 5 o High tech industr GS b o Service indusines 6 o Transpor: and communicat;o s 7 o Foreign trade and balance of payrrents 8 o Hirr.s ;or the busmess visitor 8 o Visitors visas 8 o C^rrency 8 o Internationa1 tir G 9 o Bustgss hours 9 o Statutory olidays 9 c Wcüghts and measures 9 c Dates and numbcrs 9 c Business nfcrmatior: Services 9 c Local custoTs 10 Chapter 2 Business environment 10 lndustr;al cimato 11 Framework of industry 11 Aims of government pohcy 11 o Econornic development plans 11 o Trend toward privatization 11 o l^egional/special industry development 12 o Free trade zones 12 o Financial Services 12 Public/private sector coopcration Investment 12 Labor/management relations climate 13 Implications of European Union membership (Continued) 14 Overseas trade relations 14 o Membership in trade blocs 14 o Exports 15 o Trade barriers 16 Chapter 3 Foreign investment and trade opportunities 16 Government attitude toward foreign investment 17 Trade policy 17 Taxation policy 17 o Investors 18 o Individuals 18 o Imports 18 Local competitor attitude toward foreign investment 18 Labor attitude toward foreign investment 18 Special investment opportunities 20 o National and local government policy considerations 20 o Investment possibilities/restrictions 20 o Prior approval or registration 20 o Possible business structure 20 o Setting up or acquiring 21 c Investment incentives 21 o Location/industries 21 o Finance 21 c Repatriation of capital and profits 22 o Tax planning considerations 22 c Labor and labor costs 22 ; Market studies 22 c International financial center 22 : Information and assistance 22 ¦ Trends Doing 23 Chapter 4 Investment incentives business 23 Investment policy 24 Tax concessions 24 Regional incentives 24 Investment Premium Regulation Regional Proiects 1993 (IPR) 26 Tax incentives 26 Nontax incentives 26 Earnings 26 Industry incentives 26 Employee training programs 26 Special use company incentives 26 : Special incentives for new technology Doing 27 o Special environment incentives business 28 o Shipping companies (Continued) 28 Free trade zones 28 International financial center operations 29 o Holding companies 30 o Investment vehicles 31 o Regional headquarters and administrative Offices 31 o Offshore operations 33 Export incentives 33 Incentives to invest in other countries 33 Incentives and foreign investment strategy 35 Chapter 5 Restrictions on foreign investment and Investors 35 Regulatory cümate 35 o Regulatory authorities 36 Regulatory legislation 39 Exchange controls 39 . Inward Investment 39 t Registration of foreign capital and technology 39 c Currency accounts 40 c Repatriation of capital and earnmgs 40 c. Guarantees against mconvertibility 40 Restrictions on foreign investment 40 c Industries closed to private enterpnse 41 c Restrictions on foreign ownership 41 Poiicy trends 41 c Effect on foreign Investment 42 Chapter 6 Regulatory environment 42 Regulation of business 42 Competition poiicy 42 Price controls 42 ¦ Monopolies and antitrust 44 Acquisitions and mergers 45 Secunties market (stock exchange) 46 Imports and exports 47 Consumer protection 47 Pollution contro! 47 Special mdustnes 48 Patents, trademarks and Copyrights 48 . Patents 49 Trademarks 51 c Trade names 51 o Industnal designs and modeis 51 o Copyrights Doing 52 Chapter 7 Banking and finance business 52 Banking system (Continued) 52 Central bank 53 Banking market 53 c Commercial banks 53 o Foreign banks 54 o Cooperative agricultural credit Darks 54 o Gto system (PostDank) 55 Specialized financia, institutions 55 Investment institutions 56 Financial markets 56 o Secjnties markets (stock exchanges) 56 o Specialized financial markets 56 International financial market 57 Sources of funds 57 o Local financing 58 o Avai aoihty to foreign investors 59 Chapter 8 Exporting to the Netherlands 59 Import restrictions 60 Import duties 60 o Customs duties 60 c Other taxes 61 Documentation procedures 61 Customs and storage 62 Port of entry and inland transport 62 Reexports 63 Loca1 representation 63 : Local agent 63 o Fmployee/salesperson 63 Sources of information 64 Chapter 9 Business entities 64 o Choice of entity 64 o Capital requirements 64 o Founders1 requirements 64 o Foreign ownership/participation in management 65 o Repatriation of funds 65 o Liquidating an investment 65 o Fax considerations 65 o Pro essional advice 65 Forms of business enterprise 67 o Foreign enterpnse entities 67 Public company (NV) 67 o Formation procedures 69 o Capital structure 71 o Relationship of shareholders, directors and officers Doing 72 c Imp ementation of EU directives business 72 o I quidation receivership (Contruec) 73 o Books and records 73 o Statutory audit 74 Private company (BV) 74 Partnerships 74 o General partnership 75 o Limited partnership 75 Joint venture 75 Branch of a foreign corporation 76 Sole proprietorship 77 Chapter 10 Labor relations and social security 77 Labor relations 77 o Availability of labor 77 ¦¦) Employer/employee relations 78 o Unions /8 o Fmoloyee training programs 78 o Wooers councils 79 o Profit sharing 79 Working conditions 79 o Wages and salaries 79 o Fringe benefits 80 o Hours worKec 80 o Paid holidays 80 o Equal opportunities 80 o Health and safety 81 o lermmation of emp oymont 81 Social security 81 o Social sccur.ty system 82 o Coverage 82 o Contnbut ons 82 o Benefits 84 o Totalization agreements 84 Payroll costs 84 o Element in total production costs 84 o Labor cost containment 84 Foreign personne 84 o Residence ana work permits 85 c Special arrangements or concessions 8b o Restrictions on employment 85 o Living conditions Audit and 86 Chapter 11 Audit requirements and practices accounting 86 General note Audit and 87 Statutory requirements accounting 87 o Accounting records (Continued) 87 o Financial reporting and group accounts 87 o Exempt entities 91 o Audit of financial statements 92 o Publication of the annual financial report 92 o Tax returns 93 Accounting profession 93 o Registered accountants 94 o Accountant administration consultants 94 o Professional obligations and rights 97 o Organization of tne accounting profession and practices 99 Auditing standards 99 o Audit scope 99 o Audit report 101 o Qualified audit reports 101 o Publication o the auditor s report 102 o Audii relatod services 104 Chapter 12 Accounting principles and practices 104 Accounting principles 105 c Genera; disclosure requirements 106 Form and content of statutory financial statements 106 c Estaolishmen! of annual accounts 107 o Basic financ;a! statements 108 o Publication of financial statements 108 o Valuation of assets and liabilities 110 ¦• Valuation o participations 111 o Consolidation 11 2 o Current assets 112 o Stocks (inventories) 112 o Debtors 112 o Bonds, shares (or depository receipts) 112 o Capital and reserves 113 o Liabilities 114 Principles for determination of the financia results 114 o Analyse of results 114 o Other expenses 115 c Corporate tax 116 Notes to the accounts Taxation 117 Chapter 13 Tax system 117 Principal taxes 118 Direct and indirect tax burden 118 Tax guarantees Taxation 118 I egislative framework (Continued) 118 o Statute law 118 o Case law 119 o Antiavoidance 119 o Form versus substance 119 o Clearance procedures 119 Income tax 119 o Concepts of income taxation 120 o Classes of taxpayers 120 o Taxable income 121 ; Tax year 121 o lax free zones 121 o Tax holidays 121 Capital taxation 121 o Companies 121 o Individuals 121 International aspects 121 o Foreign operations 122 o International financial center operations 123 Chapter 14 Tax administration 123 Administration of the tax system 123 Corporate taxoayers 123 o Tax returns 124 o Assessments 124 c Appeals 125 o Payment and collection 125 o Withholding taxes 125 o Tax audits 126 o Penalties 126 o Statute of limitations 126 Individual taxpayers 127 o Community property 127 o Spouse 127 o Foreign personnel 127 o Exit permits 127 Trusts, partnerships and joint ventures 128 Chapter 15 Taxation of corporations 129 Corporate tax system 129 o Corporations and shareholders 129 o Taxable entities 130 o Territorially 131 Gross income 131 o Accounting period 131 o Accounting methods 131 o Business profits Taxation 131 o Intercompany transactions (Continued) 133 o Inventory vacation 134 o Capita! gams 134 o Interest 134 o Dividenas, stock dividends and bonus shares. dividends n kiTid 135 o Intercompany div.denos and the participation exemption 135 o Royalties and service foes 135 o Exchange gains ana losses 136 o No.itaxablc ncome 136 Deductions 136 o Bus:ness expenses 137 o Depreciation 138 c I.easing agreements 138 o Investment credit or allowance 138 o Depletion 139 o Interest 139 o Debt/ equity ratios 139 o Roya ties and se. V Ce fees 139 c Employee remuneration 140 o Insurance premiums 140 o Intercompany charges 140 o Other deduct ens 142 o Nonoeduct b. e items 142 o Losses 143 lax computation 143 o Net income 143 o Tax rates 144 o Tax credits 144 o Consolidate 145 Other taxes 145 Branch versus subsidiary 146 Special industnes 146 o Banks 146 o Transport 146 o Investment companies 147 o lnsurance companies 147 o Real estate companies 148 o Finance companies 148 o Licensing companies 149 o Continental shelf operations 150 Holding companies 150 o Conaitions for the participation exemption 153 o Antiabuse provisions 154 o lax authorities approval and accounting methods 154 o Sourcing rules 154 o Subsidiary versus branch Taxation 154 o Income; determination (Continued) 155 o Consolidaton 155 o Tax burden 155 c lax treaty considerations 155 o Incentives 156 o Special industries 156 t) Reorganizations 156 o Liquidations 156 ¦:¦ Use ot Dutch company lor financing activities 157 o Use of a Dutcn intermediary licensrg company 157 o Molding companies 157 o Dutch headouarters operations 158 Chapter 16 Taxation of foreign corporations 158 Tax concepts 159 Imoorts 159 Branch operations 160 o Transfer of brarcn profits 160 o 1 ax rates 160 Income from subsidiaries 160 o Divicends 161 o lnterest 161 o Royalties 162 o Capital gains 16? o Service/management :ees 162 o Rentals 162 Portfolio investments 16? International financial center 163 Chapter 17 Taxation of shareholders 163 Domestic shareholders 163 o Divdends 164 o Capital gams 164 Roreign shareholders 164 o Dividends 164 o Capital gains 165 Reorgamzat!ons 165 o incorporation 165 o Trans er of a branch to a corporate enterprise 165 o Stock mergers 168 o Enterprise mergers 170 o I egal mergers 170 o I iquidation proceeds 172 o Spin offs 172 o Divisions 172 o I iquidations 173 Acquisitions Taxation 173 c Asset acquisition (Continued) 173 Share acquisition 173 o Buyer and seller 175 Chapter 18 Taxation of foreign operations 175 Taxation of foreign income 1 75 o Branch income 176 c Foreign subsidiary income 176 c Liquidation proceeds 1 77 o Capital gams 177 o Dividends 177 o Interest and royalties 1 77 o Foreign exchange gains ana losses 177 Double taxation relief 178 o Branches 178 o Subsidiaries 179 o Anti tax haven legislation 180 Chapter 19 Partnerships and joint ventures 180 Partnership 181 o Entity or conduit 181 o laxaole income 181 o Taxation of foreign partners 182 Joint venture 183 Chapter 20 Taxation of individuals 183 o General considerations 183 o Resident/nonresident 184 o Split salary arrangement 184 c Social security contributions 184 o 35 percent tax concession 184 o Tuning of arrival/departure 185 lemtonality and residence 186 Special provisions for foreign nationals—The 35 percent ruling 187 o Calculation of the allowance 187 o Nonresident status 188 c Directors 188 o Moving expenses 188 o School fees 188 o Duration 188 o Conditions 189 o Application 189 Gross income 189 o Categories of income 190 o Employee services 192 o Capital gains Taxation 193 o Other income (Cort nued) 193 o Marred persons 194 Deductions 194 o Business and employment related expenses 194 o Nonbusiness and noncmployment expenses 196 o Special old age reserve 196 o Self omployment deduction 196 o Personal al:owanccs 196 o Tax rates 197 Tax computation 197 o Taxable income 197 c Tax rates 198 o Tax credits ¦98 Other taxes 198 o Local taxes on income 198 o Net wea th tax 200 Gift and inheritance taxes 200 c Gift tax 200 o Intientance tax 202 Chapter 21 Taxation ot trusts and estates 202 Trusts 203 o Taxation of bene icianes 203 F states 204 Chapter 22 Value added tax 204 Background 205 Basis of tax 205 Persons liable 205 Transactions subject to VAT 206 Computation of VAT 207 Rates of VAT 207 Exemptions 207 Real estate 208 Payment of VAT 209 European sales listing and Intrastat return 210 Chapter 23 Other indirect taxes 210 Taxes on miscellaneous transactions 210 o Transfer tax on immovable property 211 o Insurance tax 211 o Capital tax 212 o Stock exchange tax 212 Excise taxes 213 Real estate tax 213 Other taxes 213 o Lottery tax Taxation 213 c Special corsumor tax on private cars and motorcycles (Continued) 213 o Road tax 213 Import auties 214 Chapter 24 Tax treaties 214 Tax treaty policy 21b Withholding taxes 215 Permanent establishment 216 Personal services 216 Other articles 216 c Capital gams 216 Elimination of double taxation 217 Antiabuse of treaties 217 Exchange of information 217 Competent author,ty/mutua! agreement Introduction 218 Chapter 25 Introduction to Price Waterhouse to PW ?^8 Price Waterhouse worldwide organization 218 Price Waterhouse n the Netherlands 219 o Range of services Appendices 221 I Corporate income tax rates 221 II Tax depreciation rates 222 III Corporate tax calculation 223 Ill A Offshore levy and corporate tax for continental she f operations 225 IV Withholding taxes 229 V Tax treaties 232 VI Individual tax rates 233 VII Personal allowances 234 VIII Individual tax calculation Dutch resident 236 IX Individual tax calculation Foreign nationals work ng ir: the Netherlands 238 X Wealth tax 239 XI Gift and inheritance tax rates 241 XII Social security contributions and benefits 245 XIII Capital tax 246 XIV VAT and other indirect taxes 247 XV Financial statements (published) 252 XVI Setting up in the Netherlands—A Checklist 255 XVII Acquiring a business enterprise—A Checklist 260 XVIII Government departments of direct concern to business 262 XIX Major tax changes in the last two years and proposed changes
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spellingShingle Doing business in the Netherlands
Handelsgebruiken gtt
Steuer
Unternehmen
Business enterprises Netherlands
Foreign trade regulation Netherlands
Investments, Foreign Netherlands
Taxation Netherlands
Auslandsgeschäft (DE-588)4003763-0 gnd
Standortfaktor Wirtschaft (DE-588)4223616-2 gnd
subject_GND (DE-588)4003763-0
(DE-588)4223616-2
(DE-588)4042203-3
(DE-588)4048476-2
title Doing business in the Netherlands
title_auth Doing business in the Netherlands
title_exact_search Doing business in the Netherlands
title_full Doing business in the Netherlands
title_fullStr Doing business in the Netherlands
title_full_unstemmed Doing business in the Netherlands
title_short Doing business in the Netherlands
title_sort doing business in the netherlands
topic Handelsgebruiken gtt
Steuer
Unternehmen
Business enterprises Netherlands
Foreign trade regulation Netherlands
Investments, Foreign Netherlands
Taxation Netherlands
Auslandsgeschäft (DE-588)4003763-0 gnd
Standortfaktor Wirtschaft (DE-588)4223616-2 gnd
topic_facet Handelsgebruiken
Steuer
Unternehmen
Business enterprises Netherlands
Foreign trade regulation Netherlands
Investments, Foreign Netherlands
Taxation Netherlands
Auslandsgeschäft
Standortfaktor Wirtschaft
Niederlande
Netherlands Commerce
Ratgeber
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