Tax Deferral for Freelancers: Who Qualifies and What You Get
Learn how self-employed individuals in the Netherlands can set aside profit for retirement to defer tax payments.
This scheme allows self-employed individuals to set aside a portion of their business profits to save for retirement, which helps reduce their immediate tax burden.
Who it's for
This is designed specifically for self-employed individuals.
What you get
By using this scheme, you can move part of your business profit into a reserve for your retirement. Because this money is set aside for your later years, you can defer paying tax on it until you actually use it.
What it costs you
To use this, you must account for the reserved amount in your business balance sheet. This means your financial records must accurately reflect these funds as part of your accounting process.
The catch to know
This scheme is currently being phased out. Since 2023, there have been restrictions on making new additions to these reserves.
How to apply
- Review your business profit and loss statements.
- Determine the amount you wish to set aside for retirement.
- Ensure this amount is correctly recorded in your business balance sheet.
- Check the official portal for the most current rules regarding new additions.