Model current account agreement between DGA and BV (LLC)

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Model rekening-courantovereenkomst tussen DGA en BV (Engelstalig). This model sets out the arrangements between a director-major shareholder (DGA) and his private limited company (BV) regarding the use of a current account relationship. The document regulates credit limits, interest, administration, repayment on demand, and security. It also includes tax provisions concerning the treatment in Box 1 and Box 3 and the approval of the Ministry of Finance. This model is intended for DGAs and their companies who wish to document their current account arrangements on an arm’s length and verifiable basis.