Business Income Statement

Questions and Answers > Category: Taxation of IP > Business income statement

Svetlana 4 years ago

Good day! My husband and I are both citizens of the Russian Federation, we live in the Netherlands with a residence permit. I am employed in NL, my husband does not officially work in the Netherlands, he receives income from an individual entrepreneur registered in the Russian Federation. Does he need to report his income? If so, what are the risks of the absence of a declaration?

3 response

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Nalog.nl Admin 4 years ago

Good afternoon, thanks for the question.
In case of filing a tax return, your husband must declare his income from a Russian sole proprietor.

Regards, Nalog.nl Team

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Eugene 4 years ago

Good day. Please tell me on the same issue, income from individual entrepreneurs in Russia is included in the declaration, is not taxed (there is an agreement on avoidance), but it increases the tax rate on personal income in the Netherlands, right?

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Nalog.nl 4 years ago

Good afternoon, Eugene! You declare your income from a Russian sole proprietor in a tax return, according to an agreement on the avoidance of double taxation between the Russian Federation and the Netherlands, a certain part of the taxes paid in the Russian Federation will be credited in the Netherlands. If you have income from two countries, income tax is calculated based on your total income.