If you have a small income (somewhere up to 15-16 thousand euros per year), then you may not register your business and indicate this income as “income from other work” in your annual tax return.
But you can also register an individual entrepreneur - in Dutch this is called EMZ/ZZP. In this case, you will need to keep records and submit reports, but this can be beneficial, for example, from a tax point of view, or when concluding agreements with counterparties - since they often cannot pay without an invoice, and only registered entrepreneurs can issue one.
In addition, there are other "pluses" and "minuses" when answering the question about registering an individual entrepreneur with small earnings, which can be read about in the article on our website by following the link: https://www.nalog.nl/2018/12/12/registrirovat-li-ip/
Therefore, there is no definite answer here - it all depends on the specific situation.
Best regards,
Nalog.nl Team
Publication Date: 06.02.2021
