Deductions for bol.com sellers

In 2019, the Netherlands had a GDP of over 800 billion. GDP represents the value of goods and services produced in a
specific country. A large portion comes from
the Dutch entrepreneurs. They are a driving force behind the Dutch economy.
Bol.com had a turnover of 2.9 billion in 2019, which is quite a share of the
Dutch GDP. You as an (aspiring) seller on bol.com naturally contribute to this since
you pay bol.com a percentage of your sales. The Dutch government therefore benefits
from you as a seller on bol.com, because bol.com can contribute more powerfully to
the Dutch GDP. To support entrepreneurs as much as possible, you are entitled to a number of
deductions. These are the self-employed deduction, the start-up deduction and the SME profit exemption.

The self-employment deduction

The first deduction is the self-employment deduction. This deduction amounts to 7280 euros. You may deduct this amount
from your taxable profit. The taxable profit is the profit you made in a year
. On this you have to pay income tax. Because of the self-employed deduction, the
amount you have to pay tax on is thus lower. Say you make 60,000 euros of profit in one year
, then you have to pay tax on bracket one and two. In case this is still unknown to you
you can find more explanation about income tax here. You would normally have to pay tax on this amount
25,861.39. Now you can deduct 7280 euro from this amount.
This means you only have to pay 18,581.39. A substantial reduction over bracket 1. Make sure
that you meet the hour criterion that is required to make use of
this deduction.

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Startup deduction

In addition to being able to make a claim for the self-employment deduction, there is also the start-up deduction. You
can further reduce the tax payable by an amount of 2123 euros. You can use this deduction
for three years. Suppose that in your first year, for example, you made 8000 euros of profit
, then you do not have to pay income tax on that. This is because these two deductions
together are more than what you would have to pay in income tax.

The SME profit exemption

Finally, there is then the SME profit exemption. You can apply this deduction on top of the
other two deductions. The SME profit exemption means that you can reduce the remaining profit (after
reduction of the other deductions) by 14%. This leaves
less to pay in income tax. This deduction can only be used
if you have a sole proprietorship, limited partnership or general partnership.