What you need to know in advance
As part of your Mollie business account application, you need to provide us with the relevant tax information about your company.
If you are a limited company (B.V.) or a partnership (V.O.F.), we want to know if more than 50% of your revenue is generated from the sale of products or services. If that’s the case, you are an Active NFE.
What is an Active Non-Financial Entity (NFE)?
An Active Non-Financial Entity (NFE) is a classification used in international tax reporting standards, particularly in the Common Reporting Standard (CRS) and FATCA (Foreign Account Tax Compliance Act) contexts.
An Active NFE is generally defined as an entity that:
- Derives less than 50% of its gross income from passive sources (like dividends, interest, rents, royalties) in the preceding calendar year
- Has less than 50% of its assets held for the production of passive income