A notice has been posted on the website of the Dutch Revenue that the obligation to provide an estimate of the taxable profit for corporate income tax purposes within seven months after the end of the financial year, has ceased to apply as of 2011.
Most companies that have to pay corporate income tax will, as in previous years, receive a provisional assessment for 2011. This assessment is based on the data for 2010 and 2009 and may be paid in installments in 2011. The Dutch Revenue will no longer ask for an estimate of the expected profit over 2011. It is therefore vital to check the provisional assessment thoroughly and lodge an objection if it is too high.
Should you request a provisional assessment?
If you have not received a provisional assessment and you expect to have to pay corporate income tax for 2011, it is vital that you request a provisional assessment before the end of 2011. If a corporate income tax assessment, or provisional assessment, showing an amount payable is imposed after the end of the year, interest will be due on that amount.