Netherlands Tax Codes

Tax codes determine how much tax is paid on each transaction line item. For NetSuite to calculate correct values on transaction records and tax reports, make sure that the tax codes for Netherlands are set up correctly.

Netherlands Tax Code Changes

If you are using the NetSuite International Tax Reports SuiteApp, take note of the following:

You must use the tax code properties provided by the SuiteApp. The VAT reporting feature for Netherlands uses Import, Reduced Rate, and Special Reduced Rate properties. These are in addition to the properties that are common to all nexuses. Carefully review your current tax codes and edit them to match the settings in the Tax Code Table for Netherlands.
The ESSP tax code used for purchases of services from other EU member states must have a check mark on the boxes for Reverse Charge Code, EC Code, and Applies to Service Items.
Transactions with the following tax code settings will not be picked up in the Netherlands VAT report:
- Tax code for purchases of goods from outside the EU, with the boxes for Export and Reverse Charge Code properties checked.
- Tax codes for sales or purchases of services from outside the EU, with the boxes for Applies to Service Items, Reverse Charge Code, and Export properties checked.
Edit your tax codes and refer to the Tax Code Table for Netherlands for the new tax code settings.

For more information about tax codes, see Tax Code Properties and Creating Tax Codes.

Tax Code Table for Netherlands

The following table shows the tax properties required to correctly generate the tax reports provided by the International Tax Reports SuiteApp. The tax code names or letters presented in the table are suggested names or default system preferences. You can rename the tax codes. Tax reports identify transactions by looking at the tax code properties, not the tax code names.

On the New Tax Code or Edit Tax Code page, check the boxes of the properties that apply to the tax code. For more information about tax code properties, see Tax Code Properties.

To understand how NetSuite uses the tax codes to get the values for the Netherlands VAT Return, see What goes into each box - Netherlands VAT report.

For information about notional rates in EU B2B transactions and VAT reports, see EU Notional VAT.

Important:

Please consult your tax agency for the correct tax rates. As of October 1, 2012, the standard tax rate increased to 21%.

Tax Code	Description	Property	Rate	Notional Rate	Available On
E-NL	Exempt	Exempt	0%		Both (Sales and Purchases)
ER-NL	EU sales/purchases (goods and related services) - reduced rate	EC Code Reduced Rate		R-NL	Both (Sales and Purchases)
ES-NL	EU sales/purchases (goods and related services)	EC Code		S-NL	Both (Sales and Purchases)
ESSP-NL	EU purchases (services)	EC Code Applies to Service Items Reverse Charge Code		S-NL	Purchases
ESSS-NL	EU sales (services)	EC Code Applies to Service Items	0%	S-NL	Sales
EZ-NL	EU sales/purchases - zero rate	EC Code		Z-NL	Both (Sales and Purchases)
I-NL	Purchase of goods from outside of EU	Import Reverse Charge Code			Purchases
IS-NL	Purchase of services from outside of EU	Import Applies to Service Items Reverse Charge Code		S-NL	Purchases
IV-NL	100% VAT bill Note: This tax code is recorded as input tax where the net amount represents the VAT amount.	Import VAT	0%		Purchases
O-NL	Sales outside of EU	Export	0%		Sales
OS-NL	Supply of services outside of EU	Export Applies to Service items Exclude from VAT Reports			Sales
R-NL	Reduced rate	Reduced Rate	9%		Both (Sales and Purchases)
RC-NL	Reverse charge	Reverse Charge Code		S-NL	Both (Sales and Purchases)
S-NL	Standard rate		21%		Both (Sales and Purchases)
SP-NL	Other rate	Special Reduced Rate	12%		Both (Sales and Purchases)
Z-NL	Zero rated sales		0%		Both (Sales and Purchases)

Additional Information

Tax Accounting Overview
Enabling and Setting Up Taxation Features
Managing Tax Codes
VAT and GST Reporting Overview
International Tax Reports

Netherlands Tax Code Changes

Tax Code Table for Netherlands

Additional Information

Related Topics