Hey bunqers 🌈
Each year comes with its own Tax Return season. In the Netherlands, you are required to submit your tax return before July 14 of the year following the tax year. This topic will guide you on how to get ready for it using your bunq account.
Note: Submitting your tax return after July 14 could result in a fine.
What’s a Dutch Tax Return?
If you’re an employee in the Netherlands, your employer takes a specific amount out of your paycheck and gives it to the tax authority (known as de Belastingdienst).
When you file your tax return in the spring, you provide them with a more accurate insight into your income, assets and expenses of the past year. That way you’ll be able to calculate whether you paid too much or too little in income taxes.
If you’re an entrepreneur, you’ll have to notify the tax authority of your profits and any additional income. The tax return might be more extensive, so an option is to use a third party.
How do I report it?
Whether you're an individual or entrepreneur, you can go to mijn.belastingdienst.nl or use the Belastingdienst app and find a pre-filled tax return. You should correct anything that’s incorrect in the pre-filled information, and add information if any is missing.
Note: Dutch residents don’t need to report their Personal accounts to the Dutch Tax Authorities. Once you provide us with your BSN number and we enter it in our system, the Tax Authorities will be informed about your names, Tax Identification Number, and IBANs.
What documents are needed?
What documents are needed depends heavily on what activities you’re involved in. However the documents mentioned below are a must-have 🙌
Important note: Due to different circumstances or factors you may need to upload additional documents. You can see more about this here.
Personal information
Income
- Annual statement or payslips
- Received alimony (if applicable)
Bank account
- A yearly overview of past year for your bank account (you can export an Annual Overview by following the steps explained here)
Related Topics
Want to learn more? Explore more bunq knowledge here 🌈
