New rules for tax representation

The Dutch State Secretary of Finance has just released new guidelines for tax representatives. In particular, the rules for calculating the required security (for example a bank guarantee or cash deposit) have changed. In the past, tax inspectors had certain margins within which they could determine the required security. The Dutch State Secretary of Finance now gives minimum and maximum amounts and clear calculation guidelines.

The new guidelines can lead to lower amounts that need to be provided as a security to the tax authorities. For existing tax representatives, it is worthwhile checking whether the existing securities can be decreased based on the new guidelines. The new guidelines make tax representation more interesting for tax representatives and foreign companies.

For more information about tax representation, please also have a look at the website Baker Tilly VAT Representative B.V.