The Netherlands is to be implementing changes in law, rules and regulations as of 2020.
WORK AND INCOME
Over a dozen changes affecting workers and income enter into force next year. The biggest change in this category is the implementation of the Work In Balance Act, meant to decrease the difference in positions between permanent employees and flexible workers. It entails a number of changes, including that workers will be eligible for a transition allowance from the day they start at a company and that on-call workers must be informed of shifts at least four days in advance. Minimum wage is on the rise, and the transition from three income tax brackets down to two will happen.
This category has by far the most law changes for 2020, with a decrease in the corporate tax rate, and a decrease in the income tax paid for money earned from a substantial business interest among them. Owners of small and mid-sized businesses will see a bunch of new regulations. Trade across European borders should be subject to a more limited amount of paperwork where it concerns sales tax. Sole-proprietorships will be issued a new VAT identification number, to protect their owners’ privacy. The welfare benefit for self-employed (Bbz) will be adjusted on a number of points.A new business acquisition fund will help starting farmers and horticulturists build a future-proof business.
Why will RPS LEGAL make a success of your company incorporation?
RPS LEGAL is a law firm specialized in assisting and advising International Companies and Start Ups with business expansion to The Netherlands and Europe. We are dedicated to making it easier for your businesses to start a company in the Netherlands. We facilitate the whole process setting up a company incorporated under Dutch law.
mr R.P. (Rolf Peter) Rothuizen LL.M.
Specialist in Business Law, Company Law and Tax Optimisation
+31 6 – 50 87 48 38