LINDA PAVAN | xtroverso

126 Articles

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Understanding the Impact of the General Tax Credit Reduction in 2025

by Linda Pavan

Dec 11, 2024

As we move towards 2025, it's important to know how changes in the general tax credit might affect your taxes. The maximum general tax credit is being reduced from €3,362 in 2024 to €3,027 in 2025 , w...

Linda Pavan TAX

Income from Other Activities: What You Need to Know

by Linda Pavan

Dec 10, 2024

In the Netherlands, there are various types of income. Some fall under business profits, others under wages from employment. But what if your income doesn’t quite fit into either category? For instanc...

Linda Pavan TAX

IB47 Form: What It Is and How to Use It Correctly

by Linda Pavan

Dec 9, 2024

The IB47 form is used to report payments made to third parties who are not regular employees. Think of self-employed professionals providing services, like a graphic designer or a copywriter. The Dutc...

Linda Pavan TAX

Healthcare Allowance 2024 and a Look Ahead to 2025: What You Need to Know

by Linda Pavan

Dec 8, 2024

The healthcare allowance (zorgtoeslag) is a valuable financial support provided by the Dutch government. It helps lower-income individuals cover the costs of their health insurance. In this article, I...

Linda Pavan TAX

Retention Periods and Statutes of Limitations for Income Tax: What You Need to Know

by Linda Pavan

Dec 7, 2024

Whether you're a business owner or an individual taxpayer in the Netherlands, it's important to understand the rules surrounding record retention and statutes of limitations for income tax. These rule...

Linda Pavan TAX

The Tax Office Appreciates Corrections: Being Transparent About Your Business Expenses

by Linda Pavan

Dec 6, 2024

As a business owner in the Netherlands, maintaining a good relationship with the Belastingdienst (Dutch Tax Office) is about more than just paying your taxes on time – it’s about being transparent and...

Linda Pavan TAX

Everything You Need to Know About the ICP Declaration

by Linda Pavan

Dec 5, 2024

The ICP declaration, short for "Intra-Community Transactions," is a report you are required to submit if you deliver goods or services to businesses in other EU countries. The purpose of this declarat...

Linda Pavan TAX

Understanding Dutch Transfer Tax (Overdrachtsbelasting) in 2024 and 2025

by Linda Pavan

Dec 4, 2024

What is Transfer Tax? Transfer tax, or overdrachtsbelasting , is a one-time tax you pay when purchasing property in the Netherlands. The amount depends on your circumstances, such as whether you’re a ...

Linda Pavan TAX

Prevention of Double Taxation: How Does it Work

by Linda Pavan

Dec 3, 2024

In our interconnected world, many of us live, work, or invest across borders. This modern lifestyle brings great opportunities but also challenges, especially when it comes to taxes. Double taxation i...

Linda Pavan TAX

What to Do When You’ve Made a Mistake in Your VAT Declaration

by Linda Pavan

Dec 2, 2024

Making a mistake on your VAT declaration can feel stressful, but it happens to the best of us. The good news? It’s usually fixable if you act quickly and follow the right steps. Let me guide you throu...

Linda Pavan TAX

What If the Tax Office Is Wrong?

by Linda Pavan

Dec 1, 2024

Imagine opening a letter from the tax office only to be informed you’ve failed to declare a foreign bank account containing €1,000,000. Sounds exciting, right? For one of our clients, it initially fel...

Linda Pavan TAX

The Consequences of Not Declaring All Your Income and Assets.

by Linda Pavan

Nov 30, 2024

Let’s be honest—when it comes to taxes, no one enjoys thinking about what could go wrong. But in the Netherlands, failing to declare all your income and assets isn’t just a risky oversight; it’s somet...

Linda Pavan TAX

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