03 Feb Tax assessments 2021
Tax assessments 2021
3 February, 2020
This is the time of year when you can expect to receive your preliminary personal income and/or corporate income tax assessments (for 2021). When you do, it will be important for you to check these carefully with the events of 2021 in mind. You may or may not be aware that the Dutch Tax Authorities bases its assessments on the latest data available to it.
Consider the following:
- The income tax assessment: check whether changes in your private situation are reflected in your preliminary personal income tax assessment. For example, have you bought a new home or made an extra repayment on your mortgage?
- If income from a significant shareholding has been included in your preliminary income tax assessment, consider whether a dividend distribution will actually be made in 2021.
- Also assess whether the assets estimated in Box 3 (capital income) at 1 January 2021 are actually correct.
- The corporate income tax assessment: check if the profit estimated by the Dutch Tax Authorities is in line with your expectations.
Provisional assessment for 2020
When checking your preliminary tax assessment(s) for 2021, we recommend that you also take another look at your preliminary tax assessment(s) for 2020. The Dutch Tax Authorities will charge interest on underpaid tax in respect of assessments that are imposed after 1 July 2021. You may find that changes need to be made to your 2020 assessment too.
Please do not hesitate to contact us if you would like any changes to be made to a preliminary tax assessment or if you feel that an assessment may not be correct.