Severance payments and stamrecht BV.

Broadstreet - News - - Severance payments and stamrecht BV.

August 19th, 2013

The government has announced it is, in search of the € 6 Billion budget cuts, investigating whether the option to defer taxes on a golden handshake should be abolished.

Currently, when a lump sum payment is made in lieu of a termination of an employment contract, the employee has the choice to settle payroll and income taxes upon receipt of the lump sum, or to defer taxes on the lump sum by depositing the cash for a so-called “standing right”; a right to receive annuities in the future.

The advantage is potentially lower income tax rates in the future (the payment is spread out, thus using lower brackets, and no box 3 net asset tax on the after tax lump sum.

The money should then be deposited with a bank (on a special account) or with an insurance company. A third alternative is setting up a “stamrecht B.V.”; an entity that can act as the insurer for the annuity. Often, this B.V. is then also used to finance and run the start-up of a new business.

Plans are to abolish this option. For existing stamrecht B.V., the option will then be introduced to pay out the capital in one go, against an adjusted tax rate.

Daniel Sokolov
Daniel Sokolov
14:41 06 Dec 18
Thank you Broadstreet!!!first I have to say that my knowledge in taxes is 0%.I'm checked a lot before I find a Broadstreet team and I'm really glad.they are professional helpful and helped me step by step with everything what I ask for.Thanks again to everyone
Dehlia Kruger
Dehlia Kruger
14:08 01 Sep 18
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Susie Breuer
Susie Breuer
15:33 30 Aug 18
I have used Broadstreet for around 10 years for tax purposes within Holland. I found them knowledgable, responsive and very professional. I would highly recommend them as an expat tax service.
Benedict Carey
Benedict Carey
13:43 06 Nov 17
Having been bounced around a few tax advisors and almost got my self in hot water by being told the wrong thing, I got a recommendation from another person who had a similar business structure to me. The Broadstreet advisor was efficient and thorough and provided a comprehensive and understandable summary of how to deal with my situation. Relocating between regimes with complex tax laws is never going to be straightforward, at least these guys do put the effort in ... beware of others who will make a suggestion and then disappear when it goes haywire!
marco lirio diaz
marco lirio diaz
09:41 24 Jun 17
Great services,thorough and real professionals. As an expat I highly recommend Broadstreet. I had some issues with my tax and they manage to solved the problem avoiding a penalty fee. If you don't want to worry about the complex Dutch Tax, I recommend to leave it on their hands to be sort it for you.
Deny George
Deny George
18:08 19 Dec 19
Fantastic service and professional advice in really fast time manner. My advisor was Anne and she did excellent on explaining how the tax system works in my case what to do and how to manage to get around as Expat worker who just moved to Netherlands. Absolutely recommended!
Dimitrios Vlachopoulos
Dimitrios Vlachopoulos
22:25 19 Dec 19
Excellent experience with the creation of my BV, as well as 30% ruling. I enjoy working with Elisabeth, who is very responsive and efficient
Nestor Leal
Nestor Leal
09:03 12 Nov 19
Broadstreet has been a true partner in all my business affairs in the Netherlands. They provide honest, accurate and useful advise in tax, payroll and accounting matters.They will help your business thrive. ;-D
Ari S
Ari S
14:22 04 Dec 19
Absolutely HORRIBLE firm. Rude people and totally unknowledgeable. It took another firm a year to fix all the issues/mistakes Broadstreet made on my taxes and 30 application. They tried to charge me additional fees to fix their mistakes.DO NOT RECOMMEND AVOID AT ALL COSTS
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James Mckerrow
08:38 29 Jul 19
This firm is Absolutely Excellent! Consultancy and Execution is 1st rate - probably the best ever experience that I have had with a Dutch company!
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