Private business ownership allowance

If you run a business or branch of your business in the Netherlands and you are liable for income tax in the Netherlands, you may be eligible for the 'private business ownership allowance' (zelfstandigenaftrek). If you make use of this facility, you will pay less tax. The amount of tax relief depends on the height of your profit. As from 2012, the amount of tax relief permitted is € 7,280.

Conditions

For the private business ownership allowance, you must satisfy at least the following conditions:

• You meet the time criterion.
• You run the business alone or with others.