Do I have tax benefits with Financial Lease?

Financial Lease offers you many financial and fiscal benefits. There are different rules for starting entrepreneurs and entrepreneurs who already have a business. Here you can find all the rules for 2017.

Example
Throughout the example we assume the tax rate is 52%, the highest rate as applied in the Netherlands.
In the example we assume the purchase of a van, with a purchase price of € 15000, based on Financial Lease for 60 months, this makes the amount of € 307 per month to lease. (Without deposit or final term)

The total amount to be paid on the basis of the agreement is always € 307 * 12 = € 3684 per year.

Investment allowance

Because with Financial Lease you are the economic owner of the vehicle, you made an investment and you are entitled to the so-called "small-scale investment, refund". What it means is that you will get the tax back form the total investment. The investment refund percentage is 28%, which means that this percentage can be deducted from the purchase price.

Example
You pull off 28% € 15000, ie € 4200 deduction against the tax, this means a net tax saving of € 4200 * 52% = € 2184 Tax Savings through Investment deduction.

Depreciation

You are the beneficial owner of your purchased vehicle, why should you purchase from the date this account. For vehicles subject to a depreciation period of 5 years. This means that with depreciation, the purchase price of your new car is 5 years of earnings may deduct.

Example
In our example, this means that you have an annual amount of € 15000 divided by 5 years = € 3000 per year of income can deduct. You may therefore € 3,000 of earnings pick, based on the tax rate is a net tax saving of € 3000 * 52% = € 1560 Tax Savings through amortization.

Other lease options

In other lease options like short lease, operational lease and renting, you are just 'user' of the vehicle, this means that you are no economic owner and not allowed to depreciate. Financial Lease is the only lease opportunity with depreciation!

Deductibility

As an entrepreneur in the Netherlands you can deduct the interest that you pay your purchased vehicle. This is called interest deduction.

Example
You pay according to the contract the first year € 307 * 12 months = € 3684, this is € 1164 interest (see Annex). This interest is deductible, so you must subtract € 1164 , based on the tax rate is a net tax saving of € 1164 * 52% = € 605 on tax deductibility Savings.

Total tax savings:

Savings Deduction of interest: € 605
Depreciation Savings: € 1560
Savings Investment: € 2184
Total saving: € 4349

Annex with calculation and details

1. Interest and repayment calculation

monthly sum	repayment	Interest	total repayment	outstanding amount	Total interest
1: 307,03	202,03	105,00	202,03	14.797,97	105,00
2: 307,03	203,44	103,59	405,47	14.594,53	208,59
3: 307,03	204,86	102,16	610,33	14.389,67	310,75
4: 307,03	206,30	100,73	816,63	14.183,37	411,48
5: 307,03	207,74	99,28	1.024,37	13.975,63	510,76
6: 307,03	209,20	97,83	1.233,56	13.766,44	608,59
7: 307,03	210,66	96,37	1.444,23	13.555,77	704,95
8: 307,03	212,14	94,89	1.656,36	13.343,64	799,84
9: 307,03	213,62	93,41	1.869,98	13.130,02	893,25
10: 307,03	215,12	91,91	2.085,10	12.914,90	985,16
11: 307,03	216,62	90,40	2.301,72	12.698,28	1.075,56
12: 307,03	218,14	88,89	2.519,85	12.480,15	1.164,45

2. investmentdeduction table

Totaal amount on investments		Amount
more then	not more then
-	€2.200	0
€2.200	€54.234	28% from the investment amount
€54.234	€100.600	€15.211
€100.600	€301.800	€15.211 minus 7,56% from (investment minus € 100.600)
€301.800	-	0

What are your bank details?

Bank: RABOBANK 1032.47.157

BTW/VAT: NL0046.76.841.B.01

IBAN: NL91RABO0103247157

SWIFT/BIC: RABONL2U

KvK: 11013784 (Chamber of Commerce)

Do you accept cheques?

No, we do not accept cheques. You can pay in cash, by debit card (MAESTRO), domestic/international bank transfer or L/C.

On the website, you can pay by credit card, (international) bank transfer and via IDeal (Netherlands only).

What do I need for opening an L/C?

Document for opening L/C in pdf:

Document for opening L/C in doc:

Must I pay the full amount in one payment when I buy a vehicle?

You can enter into a purchase contract based on a down payment. The down payment amount varies with a minimum of 10% of the total purchase amount. The down payment via the website is always EUR 2,000. The remainder must be paid by the agreed date. Once we see that the full amount has been paid into our account, the vehicle will prepared for delivery.

How can I pay?

We accept the following payment methods: cash, debit card (MAESTRO), domestic/international bank transfer or L/C. On the website, you can pay by credit card, (international) bank transfer and via Ideal (Netherlands only).

How can I recognise invoices from Kleyn?

Always check that all information is correct and also check the account number on the invoice. Our account number is NL91 RABO 0103 2471 57. In addition, we always mail from an @kleyn domain. Are these things not correct or in doubt? Please contact us.

What can I do if I doubt the authenticity of an invoice or e-mail?

If in doubt, you can always contact us on +31 183 668 222 or [email protected].

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