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Severance Payments
When an employer and an employee decide to end their relationship, they will have to arrange a lot of legal, financial and fiscal matters and also take some very critical decisions in a short time. In this case, hiring a lawyer who specializes in labour law to arrange the redundancy procedure is a wise decision, as is studying whether using the severance payment to set up a stamrecht BV under Dutch law, i.e. a special type of company funded by the severance pay, is attractive. One important aspect that must not be overlooked in the event of a redundancy is the fiscal consequences. Proper prior fiscal advice and the right coaching will ensure that the employee can make optimum use of the possibilities offered by the Dutch tax authorities. This also prevents the employee from making agreements which cause direct taxation without the employee being aware of this. And furthermore, good financial advice will give the employee an insight into the possible uses of the severance pay received and the possible taxation liabilities. For example, an advantage of a stamrecht BV is that no income tax is then owed on the severance pay. The complex fiscal aspects of a redundancy procedure can be considered as a specific professional area for which a specialist should be hired. But employees who would like to use their golden handshake to set up a stamrecht B.V. will also need the services of a good notaries' office. Schretlen Notaris can give you a clear insight into the legal and fiscal opportunities offered by such a severance pay-funded company, advise you on the proper timing for the establishment of the company and the fiscal aspects, arrange the entire establishment, and help you register the company with the Chamber of Commerce. Extra service: Schretlen Notaris in Mierlo and Fidante Tax Advisers in Eindhoven are specialised in all forms of assistance for former employees. These two agencies combine their many years of fiscal and notarial qualities and inventiveness and will work closely together with your labour lawyer. They will ensure that any former employee is given clarity and peace of mind both during and after the redundancy procedure. Value for money Schretlen Notaris specializes in company law and estate planning. Fidante Tax Advisers is an agency with some strong specializms, including the fiscal consequences of severance payments.
Both agencies stand out thanks to their short procedures, quick and properly substantiated reactions and, last but not least: value for money.
Contact us to find out how we can be of service to you. K.J.M. Schretlen
Tel. 0492-370090
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