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A Dutch Surinamese who owns a private security company has opened up to the tax authorities about his financial problems.
In an email to GFC News Lifestyle, he said he had a “tax debt of several thousand euros”, mainly due to mistakes he made in his first year of business.
This gentleman decided to share his story after hearing about a woman’s experience Female security guard at Schiphol Airport.
She claimed a total monthly income of nearly €7,000, prompting him to warn others to be careful and set aside money for tax obligations.
He said that in his first year as a self-employed businessman he paid VAT neatly every quarter but did not set aside enough for income tax.
He was shocked when he heard the amount he had to pay after filing his first full tax return – an amount he has yet to fully keep.
To save his situation, his accountant applied to the tax authorities for a payment extension.
In the Netherlands, entrepreneurs who file their tax returns late are given an extension, but this may result in interest costs or even penalties.
Although the tax authorities can make payment arrangements in certain circumstances, it can still be a difficult situation for entrepreneurs who are not financially prepared.
The security guard called on other self-employed individuals to conduct early investigations and make financial preparations to avoid similar situations.
“Sometimes it may seem easy to start self-employment, but if you don’t pay close attention, the tax liabilities may surprise you,” he warns.
Photos for illustration.
Jennifer Atmo is the Editor-in-Chief of GFC News. She describes herself as a true Surinamese expert, passionate about lifestyle and entertainment topics. In addition to her role in the media, Atmo is also the President of KIVC, an organization that promotes social affairs.
Contact: jennifer@gfcnieuws.com
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