Netherlands’ tax system ranking drops
A recent survey shows that businesses in the Netherlands spent too much time in complying with the tax systems of the country.The Netherlands – Despite the Dutch government efforts to reduce red tape for businesses through tax reforms, the Netherlands’ ranking fell from 33 to 30 in a tax level ranking compiled by the World Bank and Price WaterhouseCoopers.
The fourth edition of the survey, Paying Taxes 2010 ranking, compares the tax systems of 183 economies around the world.
Tax reforms which have been introduced in the Netherlands include reducing the number of times companies have to report their value-added income tax from 12 to four times a year.
The Netherlands has also made it easier to register new staff with the tax office.
On average, a Dutch company spent 164 hours on administration in 2008, which is 16 hours less than in the preceding year. In comparison, companies in Norway and Ireland spent 82 hours on administration.
Radio Netherlands / Expatica