BOX I: to enter from work and house

1. Plan/follows cursussen trained in 2003 well staff, is necessary for a healthy economy. That had been suffered for the legislature already years reason introduce the education calculation. This tax facility threatens disappear. You could or your staff still cursussen wants follow, then it is fiscally judicious do this still in 2003. Thus you in any case still profit of the education calculation. 2. Plan your investments are invest you of plan in the short term considerably? Then it is significant examine if you do good these spread out investments over 2003 and 2004. this way you can profit optimally of the kleinschaligheidsinvesteringsaftrek (KIA). To qualify for the KIA, you must invest this year for minimum 2,000 euro up to maximum 279,000 euro in (qualified) company resources. The altitude of the calculation depends on the scope on your investments and varies from 25 per cent up to 3 per cent from the investment amount. As the investments increase, the calculation in terms of percentage decreases therefore. By spreading out the investments over the years, you can realise the highest possible investment calculation. Couple for example that you two want do investments of every 50,000 euro. If you she realises both in this year, this a deduction produces of 16,000 euro. At spacing of the investment calculation over two years the tax calculation 22,000 amounts to euro. You save tax concerning an amount of 6,000 euro. 3. Form supplies expects you in the coming years expenditure must do which by the company exercise in 2003, is in fact caused? Then you can form supplies for this future expenditure at the expense of the tax company result of this year. If you such supplies already in an more earlier year could have formed, but as yet have not done this, then you can form tax supplies also for these costs. Catch up with of old years is therefore possible. 4. Care for a re-investment intention you have gained a book profit as an entrepreneur at sale of a company means, then you can postpone imposition about that, subject to you have planning for the book profit at herinvesteren. That re-investment does not need be related to a similar matter: thus is possible the book profit which it is gained on a car are entered up on the purchase costs of the inventory. Gained book profits to be able bring in herinvesteringsreserve, you serve, however, effectively have planning to proceed to re-investments. That intention must exist always per assessment date. For this reason is it best the proof of it already end this fill in year concretely. If you have formed in 1999, herinvesteringsreserve (then still vervangingsreserve) then you these still before the end of this year must apply. 5. Examine if ' car of the matter ' a more attractive option is the tax bijtelling for privé-gebruik of a car of the matter in 2004 will decrease of 25 to 22 per cent. He who less than 500 kilometres private, have no bijtelling drive. Has been presented reduce to finance this easing, the tax-free compensation for kilometres business of 0.28 euro to 0.18 euro by kilometre. By these amendments to the law planned a car of the matter will be more often than formerly attractive. You want buy therefore year still this a new car, then we you guess to the option certainly of the matter ' ' car to consider. 6. Pays attention to: overwinst not deductible there are a new regulation in make those apply to every house owner who sells its own house after 1 January 2004 and also after 1 January 2004 a new house buys. The regulation implies that house own ears which sell their house with profit can with impunity use the gained overwinst as from 2004 no longer for the purchase of a new car or holiday house. The ' axe a regulation ' stipulates, as it happens, that you "must" use the profit which you have gained at sale of your old house for the purchase of your new house. To let we an example give. Couple, you have a house with a value of 350,000 euro, on which a mortgage rests of 200,000 euro. You buy a new house for 600,000 euro, entirely financed with a mortgage loan. Under the current regime you could deduct the complete interest expenditure fiscally. Under the presented regime the interest concerning the overwinst (150,000 euro) is however no longer deductible. 7. Fodder value fall assets in box 1 if you establish assets for the arrangement to a Ltd in which yourself or ' linked a person ' has a considerable importance, then the detention during Her Majesty's pleasure regime of box 1 applies to this asset. You can think thereby of letting a pand or lending money to your Ltd. All results which you gain with the detention during Her Majesty's pleasure, have been charged with progressive income tax. Below regular income, such as interest and hiring, but value changes also all of the made available asset therefore not only fall. If the asset has decreased therefore for example in 2003, in value, you can bring this loss at account of your progressively charged income in box 1. 8. pay attention to at supply kerstpakketten for the year 2003 are able kerstpakketten no longer tax-free be compensated for to employees. Much the employer under conditions can use of the so-called end levy regulation. This means that the employer entirely takes the chargeable salaries tax for own account. The employee does not retrieve the kerstpakket therefore on its remuneration counterfoil applies of the end levy regulation can attractive be to bovenBOX II: to enter from considerable importance 1. couple of your salary as dga not too low permanently as directeur-grootaandeelhouder (dga) must you of your Ltd receive a salary business. You have however stipulated a too low salary, then a fictitious salary gets you blamed and you for that in the imposition is involved. You do for this reason judiciously with your consultant year still this to discuss on which amount your definite salary must be determined concerning 2003. To obtain certainty, you can coordinate this salary with the Tax and Customs Administration. 2. Yourself as dga (with more than 10 per cent of the placed share capital) you know pension entitlements can build a pension at your own Ltd. This is called ' pension in own management '. By knowing pension entitlements yourself year still this, you can reduce the taxable profit of the Ltd over 2003. The dotatie to pension supplies - including the reservation over the expired years of service - can be, as it happens, brought in one time at the expense of the profit. The dotatie is higher than the taxable profit of 2003, then you can arisen loss terugwentelen with the profit of the previous three years and indefinitely ahead turn to future years. 3. Wait still even with a dividend benefit for privé-beleggingen apply the tax regime of box 3. In this box 30 per cent tax is chargeable concerning a fictitious output of 4 per cent. This output is calculated concerning the average real value of the remainder of all property minus the debts which in box 3 falls. The capacity levy has two qualifying dates: 1 January and 31 December. This means therefore that capacity that does not come in after 1 January in box 3 for this qualifying date is taken along. This is fiscally advantageous. Let do you of plan Ltd is in the short term your a considerable dividend benefit? Then it possibly significant wait up to after 1 January 2004. this way prevent you are that the paid dividend is counted on the qualifying date to your box 3-vermogen. In fact it means that the paid dividend will be only charged for half in box 3 to bovenBOX III: income from to save and convenes pay your belastingschulden before the end of the year in box 3 serves the remainder of your privé-bezittingen and - debts as a main point for the imposition. For belastingschulden an exception has been however made. These cannot be deducted on privé-bezittingen. By paying the chargeable tax before the end of the year, you can reduce still your box 3-vermogen. Thus 1. bekijk as dga your Btw-situatie again save tax in box 3.Naar bovenBTW tips you are you dga and receive you salary from a company in which you have directly more than 50 per cent of the shares? Then you can be as of 26 April 2002 entrepreneur for the VAT. End 2002 we for many dga's Btw-registratie and observation has thus requested tax entity. Because of large administrative delays the Tax and Customs Administration in most of the cases has however decided still nothing. Your Btw-situatie have been meanwhile modified, look then again to. 2. Privé-gebruik car of the matter: you at the fixed correction couple you connect for the purchase of your car VAT in calculation have brought. Then are you at the end of the year 12 per cent VAT chargeable concerning the fixed correction for the IB. You have brought no VAT in calculation, then you do not have this apply correction. You employees have whom in a car of the matter drive, then you must pay VAT concerning privé-gebruik. The correction takes place generally on the basis of the real use, but you can apply if required also the fixed correction for the IB. If a kilometre administration is lacking, the Tax and Customs Administration assumes of it, as it happens, that the correction 12 per cent amount to VAT concerning 25 per cent of the catalogusprijs. To establishment cars another regulation applies. 3. Do not think at presents of the calculation limit VAT on staff supplies can in calculation be brought if it has been spent by staff member more than 228 euro per year. This also applies to canteen costs. As the canteen costs with the remaining staff supplies exceed the 228 euro, then a correction on the VAT for canteen costs must take place. The regulation also applies to presents to relations. 4. Investments done? Appoint them clearly capital goods which are used both business and private, can to choice for the VAT be labelled. Therefore: entirely business, entirely private or a mix of this. The right to calculation and the obligation at sale depends on the choice. The choice must clear in the administration have been fixed and can deviate from the choice for the IB. Please note: the regulation does not apply to private cars which have been bought with VAT. For this group only choice between entirely business or entirely private is. You have then still bought capital goods in 2003, get in touch for the turn of the year with us. Perhaps you can gain still advantage. 5. Question your VAT at paymentpayment payment if you carry back the invoice scheme and progress appears oninbaar, then you can ask back the worn out VAT. You must or can show that the consumer has not paid and that does not will do in the future also. That is not always simple. Care therefore for good documentation or argumentation. 6. Niet-betaalde think of the VAT at creditors if your creditors have not paid you already longer than two years and have asked back VAT, then you must wear out the asked back VAT still to the Tax and Customs Administration. 7. Appetite finished if employees costs at you has not declared the VAT on declared costs, such as energy - or tel. accounts, then you cannot deduct the VAT about that. 8. Clearly on your declaration mentioned on the first declaration of the year the corrections indicate fork regulation indicated within the framework of the fork regulation because of globalisation. Question where appropriate directly an arrangement for a negative year fork. 9. You think both charged and exempted performances of Btw-herzieningen perform, then is possible it following game. THE VAT which you have brought on purchase of capital goods in calculation, is followed at property matter years still ten and at movable matter five years. At modification of the proportion charges/exempted must you sometimes a part of the asked back VAT pay back. Also you can ask back still an additional part on your last declaration of the year. 10 A fine prevents if prove to be that on the periodic declarations too little VAT have paid you and you corrects that just in the year then, then risk you a fine of five per cent. For this reason take along as many corrections as possible on your December declaration. 11. Inform your landlord you can with VAT rent, if you can ask back that VAT for minimum 90 percents. Last year this requirement, but you have not met you VAT concerning your hiring have paid, inform the landlord then about that. You have bought a pand and have opted to buy with VAT, then you must the pand performances charged in the year of purchase and the year then for at least 90 per cent uses for with VAT. Appears that not the case takes, then contact supply charged with us on 12. takes into account with expires of an option has to you a property matter has been bought supply charged with an option? Then you must these at the latest in the year after the year of purchase in use take. You do that, then the option does not expire. This is possible serious consequences has on the VAT. Incorporate in that case contact with us for recommendation. 13 Just your invoices swiftly to by 1 January 2004 must meet already your invoices the new invoice requirements. Just them therefore swift to. Elsewhere in this expenditure you read about this more. 14 Think of the enlargement of the European Union on 1 May 2004 gets the European Union ten new Member States. You do matter with of these countries, then has this consequences on for example the VAT, customs duties and intrastat claims. Concerning these modifications we you inform in a next editie of registered currently. 15 Watch a modification of the low VAT at bringing out this newsletter is not yet certain or the low tariff for certain labour-intensive services, such as hairdressers, shoe-makers and painters comes expire. The bulletins about this thus well to bovenOverige matter 1. serve swift tax refund claim form in share do you watch only of the year an income enjoyed? Or did you have large tax deductions? Then you recover probable tax. If you do not get a belas-tingbiljet distributed automatically by the Tax and Customs Administration, you can ' call back ' this tax still with the tax refund claim form. t notes must in principle within three years after the calender year have been submitted. The period for submitting the tax refund claim form 2000 therefore donation exemption finishes donations from parents to their children in 2003, has been exempted from tax to an amount from 4,143 euro on 31 December 2003. 2. exploits. This exemption is raised one-off up to 20,711 euro if the child is minimum 18 years and maximum 35 years. To your children you can give an amount of 2,486 euro once in the two years - by period of 24 months - tax-free. 3. With respect to 1 January 2003 the new law of inheritance evaluates your will has become effective. Also the Successiewet have changed serious. This is thus a beautiful occasion your ' old ' will once again of letting hold against the light. You did not can will still no have, hesitate also then call in the aid of your consultant. These can, as it happens, assess what the new law of inheritance for you for impact can.
Source BOX I: to enter from work and house: General

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