Kinderbijslag

Child benefits

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CHILD BENEFIT: AM I ENTITLED TO?

Child benefit, what is it?

If you live or work in the Netherlands and you are younger than 18, your parents will receive child benefit. With the child benefit, the government contributes to the costs associated with raising a child. The Social Insurance Bank (SVB) pays the child benefit.
Working students aged 16 and 17, who still live at home and earn less than €1,240 net per quarter, are also still eligible for child benefit. For more information, you can consult the website of the Social Insurance Bank or contact the Social Insurance Bank in your area.

Child benefit: How can I apply?

If you or your partner declare your newbornbaby at the town hall, the Social Insurance Bank (SVB), the organization that makes the payment, will automatically be notified. About two to four weeks after the birth of your baby you will receive a letter with instructions to apply for child benefit online with your DigiD. If you haven’t received it yet, you can do so here.

If you have had a second or subsequent child, you do not need to do anything. Then the amount will be automatically adjusted and you will be paid a higher amount in the next quarter that you were entitled to it.

Read more about child benefit for a second or third child here.

Child benefit 2022

The amount of child benefit is independent of your income. Actually, everyone receives the same amount, which depends on the age of your child. The amount will increase when your child turns six. There is another increase when your child turns twelve. Child benefit stops when your child turns eighteen or becomes entitled to student finance. The amount is paid quarterly by the SVB.

The amounts per child from 1 January 2022 are as follows:

  • 0 to 5 years: 230.69 euros per quarter
  • Ages 6 to 11: 280.13 euros per quarter
  • Ages 12 to 17: 329.56 euros per quarter

The Consumers’ Association has calculated these amounts on the basis of the Budget Day documents. De precieze bedragen worden op 1 januari en 1 juli geïndexeerd door de SVB.

The SVB transfers the child benefit to your account four times a year, at the end of each quarter (in January, April, July and October). In other words: you will receive child benefit for the first time after a full quarter. If your child is born somewhere in the middle of a quarter, you will unfortunately not receive anything at the next payment moment. You pay no tax on the child benefit.

Payment days

The paydays in 2022 are:

  • January 3, 2022: child benefit for the fourth quarter of 2021
  • April 1, 2022: child benefit for the first quarter of 2022
  • July 1, 2022: child benefit for the second quarter of 2022
  • October 1, 2022: child benefit for the third quarter of 2022
  • January 2, 2023: child benefit for the fourth quarter of 2022

Your bank will deposit the money into your account on the same day. But it differs per bank at what time of the day this is exactly.

When does the child benefit stop?

When your child turns eighteen, the child benefit will expire in the new quarter. Also as soon as a child receives a student grant, the child benefit will be stopped in the next quarter. If, nevertheless, student grants and child benefits have been received at the same time, because, for example, the study has not been passed on, the child benefits will be reclaimed.

Boratech will be able to request child benefit as part of the subscription package at your request. There are no additional costs involved.

If you would like more information, you can leave your details in the main menu via CONTACT.

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BTW Toepassen

Request VAT Number

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REQUEST VAT NUMBER

VAT number, what is that?

A VAT number or VAT identification number is a unique number for your company. You can apply for it by registering with the Chamber of Commerce. You can also request a VAT number from your accountant. Since January 1, 2020, sole proprietorships have a new VAT identification number from the Tax Authorities . This new number is no longer linked to the citizen service number (BSN). The numbers have been changed due to privacy protection and identity theft.

The Tax Authorities will also give you a different VAT number if you are registered as an entrepreneur for turnover tax (VAT).

VAT number on invoice

It is mandatory to put the VAT number on your invoices. Your customers can then check it and vice versa you can do that with your customers.

Construction of a VAT number

A VAT number has a fixed structure. First of all, the country code NL for the Netherlands. Then 9 digits for the RSIN/tax number or citizen service number. And finally the letter B and a two-digit check digit.

Example of a VAT number
An example in the Netherlands is:
NL001234567B01

Difference from other registrational numbers

As an entrepreneur you have to deal with many different numbers. Go crazy with different ID numbers? This is the difference between all other numbers:

  • Citizen service number
    Everyone who is registered with the Municipal Personal Records Database (BRP) receives a citizen service number or BSN. In the past, this was the social security number.

Just like for VAT, this is a unique number, but the difference is that a citizen service number (BSN) is linked to a natural person.

  • RSIN or tax number
    The abbreviation RSIN stands for Legal Entities and Partnerships Information Number. As the name implies, it is a number for legal entities and partnerships. Examples of this are private limited companies, associations, foundations, general partnerships and partnerships. The identification number is personal and neutral and it is recorded in a database of the National Tax Authorities.

In the past this was the tax number. This old name is sometimes still used. The reason that the tax number has been entered has to do with the fact that it makes automated processing of payroll tax data possible for the National Tax Authorities. This prevents errors and saves a lot of time.

  • VAT identification number
    This is just another name. So there is no difference.

Check VAT number

You can check a company’s VAT number in two ways, depending on the country:

Check VAT number in the Netherlands
Do you want to check a customer’s Dutch VAT number? Then you can do this via VIES , a website of the European Commission.

Check VAT number in Europe
If you want to check a VAT number from another EU member state, read the explanation from the tax authorities first.

Boratech can help you to apply for a VAT number at your request, as part of the subscription package. There are no additional costs involved.

If you would like more information, you can leave your details in the main menu via CONTACT.

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Kindgebonden Budget

Child budget

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CHILD BUDGET (KGB)

What is child support budget?

Child budget is a contribution to the costs for your children up to the age of 18. You can get it, if you and your benefits partner meet certain requirements:

Child Budget One or more of your children are under the age of 18.
Child Budget You receive child benefit from the Social Insurance Bank (SVB).
Child Budget Your (joint) income is not too high. How high it may be depends on the composition of your family. Make a sample estimate to see if you can get child support.
Child Budget Possess Dutch nationality or reside legally in the Netherlands.
Child Budget The (joint) family wealth is not too high.
Child Budget If you are entitled to a child budget, you will usually be notified automatically by the Tax Administration (Belastingdienst Toeslagen).

Do you receive child support and is your joint income with your partner not too high? Then you may receive a child budget from the tax authorities. This is an extra contribution for families with children. This is paid every month.

More child budget for single parents

Are you a single parent? Then you get more child support than families with 2 parents. This extra amount is a living allowance. You can see how much you get by doing a trial estimate.

The child budget starts after the birth of your child. From the first day of the following month.

Increase in benefit for children over 12 years of age

Does your child turn 12 or 16? Then you’ll get more child support. This extra amount is a contribution to the school costs. The increase takes effect after the month your child turns 12 or 16 and depends on the value of your income.

Make a trial calculation to see how much you get.

Foreign allowances also count

Do you or your partner live abroad? Then the tax authorities will calculate how much child budget you are eligible to receive. It considers the Dutch benefits you already receive, and foreign allowances for your family (family benefits). Think of child benefit and foreign variants thereof. Per child, you will never receive more than the highest amount of family benefits to which you are entitled. The tax authorities apply the Dutch rules and the rules of the country in which you live.

You need a Citizen's Service Number

If you or your partner live abroad? To apply for child budget, you both need a Citizen’s Service Number (BSN). Read more about this at Burgerservicenummer if you, your partner or your child live outside the Netherlands.

Payout

You will usually receive the child budget from the tax authorities. But sometimes the SVB pays the allowance. The SVB looks at all family benefits that you already receive. How much you get depends on your situation. After each year you will receive a final calculation from the tax authorities. Did you get too much or too little? Then it will be recalculated.

Boratech can, at your request, apply for the allowances to which you are entitled as part of the subscription package. There are no additional costs involved.

If you want more information, you can leave your details in the main menu via CONTACT.

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Zorgtoeslag Aanvragen

Apply for healthcare allowance

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APPLY FOR HEALTHCARE ALLOWANCE

Many people complain about it. The medical costs that we have to pay every month. The premiums are then increased every year. As if we don’t already pay enough. The government has therefore introduced the health care allowance.

Are you getting what you are entitled to?

Healthcare allowance is a contribution from the tax authorities towards the costs of your health insurance. You will receive this contribution if you have an income lower than € 31,998 if you are alone or if you have aggregate income lower than € 40,944 if you have an allowance partner. The amount of the allowance you receive depends on your income and that of your partner. The allowance partner is usually your spouse or the person you live with. For example, does your father, sister, brother live with you? Then they can also be an allowance partner.

Your assets should not be too high
On January 1, 2022, you may not have more assets than € 120,020. Do you have an allowance partner? Together your assets may not exceed € 151,767.

From the age of 18 you have your own health insurance. And you can apply for health care allowance. Are you turning 18 soon? Apply for your own health insurance in time and apply for health care allowance right away. Healthcare allowance can go up to € 111 per month if you live alone or € 212 if you live together. A nice addition to your income if you get this back every month. It is of course a pity if you miss this. The healthcare allowance also depends on your living situation and your income. If your situation changes, it is wise to contactour office. In that case, it is possible that you receive too little or too much health care allowance, so that you will only receive this back or have to pay extra later. In order to be eligible for the health care allowance, the following is important:

  • Your joint income may not exceed € 40,944
  • For singles, annual income may not exceed the limit of € 31,998.

If you meet these criteria, you may be eligible for healthcare allowance.

Boratech can, at your request, request the benefits to which you are entitled as part of the subscription package. There are no additional costs involved.

If you would like more information, you can leave your details in the main menu via CONTACT.

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Income tax return

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Income tax return

Taking care of your income tax return at our office works as follows:

When you have collected all the necessary data, you can bring it to us. If this is not possible for you, we can of course also collect it from your home.

Your data will then be processed at our office. After processing, you will receive a letter from us with a calculation of the tax amounts due or to be received, as well as a printout of the (profit) return to be submitted and authorized.

When you agree with the declaration to be submitted, return the signed authorization to us. We then ensure that the return is sent electronically to the tax authorities.

When you receive the assessment from the Tax Authorities, we will ask you for a copy of this assessment for checking. We use a fixed price for the Income Tax return for customers without a subscription.

If you would like more information, you can leave your details in the main menu via CONTACT. We will then contact you as soon as possible.

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