![\"20151026_micro_enterprise_VWGNijhof\"](\"https:\/\/vwg.nl\/wp-content\/uploads\/20151026_micro_onderneming_VWGNijhof-1024x384.jpg\")
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With effect from 1 November 2015, Book 2 of the Civil Code (BW) will contain the micro-enterprise<\/em> introduced. A micro-enterprise is granted extensive exemptions regarding the content of its annual accounts. This applies to both the inaugural annual accounts and the documents required for publication. Furthermore, a micro-enterprise\u2019s abridged annual accounts may be prepared on the basis of tax accounting principles, in which case the disclosure of accruals and deferrals relating to other operating expenses may be omitted.<\/p>\n A business is classified as a micro-enterprise in a financial year in which it meets at least two of the following three criteria: Whether it is advisable for a micro-enterprise to prepare (or have prepared) its annual accounts depends on the purposes for which the accounts are being prepared. If the business owner and the tax authorities are the only users of the information, a limited set of annual accounts will generally suffice. However, if, for example, the bank and\/or other stakeholders use the financial statements (or the information contained therein), it may be advisable to prepare (or have prepared) financial statements based on the more comprehensive standards.<\/p>","protected":false},"excerpt":{"rendered":" Per 1 november 2015 wordt in boek 2 van het Burgerlijk Wetboek (BW) de micro-onderneming ge\u00efntroduceerd. Een micro-onderneming krijgt vergaande vrijstellingen voor wat betreft de inhoud van de jaarrekening. Dat geldt zowel voor de inrichtingsjaarrekening als voor de publicatiestukken. De beperkte jaarrekening van een micro-onderneming mag ook nog eens worden opgesteld op basis van fiscale […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-258","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/comments?post=258"}],"version-history":[{"count":0,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/258\/revisions"}],"wp:attachment":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/media?parent=258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/categories?post=258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/tags?post=258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u2013 the value of the assets does not exceed \u20ac350,000 (valued at cost);
\n\u2013 net turnover for the financial year does not exceed \u20ac700,000;
\n\u2013 the average number of employees during the financial year is fewer than 10.
\nThese rules naturally apply only to legal entities (such as public limited companies (N.V.), private limited companies (B.V.) and co-operative associations). After all, Book 2 of the Dutch Civil Code applies only to legal entities.<\/p>\n