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Dutch Tax Reform To Benefit 5.4m Workers

by Ulrika Lomas, Tax-News.com, Brussels

19 October 2017


Approximately 5.4 million taxpayers in the Netherlands will experience a tax cut under the new governing coalition's plans to overhaul the personal income tax system.

As a result of the measures proposed in the coalition agreement, finalized earlier this month, the income tax structure will be reduced from four brackets to two, of 37 percent on income up to EUR68,000 (USD80,000), and 49.5 percent on income exceeding this threshold. At present, personal income is taxed at progressive rates up to 52 percent, which applies to income exceeding EUR67,072.

According to an evaluation of the proposals by Statistics Netherlands, based on income figures from 2016, around 570,000 people currently pay the top rate of income tax, and these will see a tax cut when the top rate falls. An additional 4.8m taxpayers whose income is currently taxed at the second and third brackets will also benefit from a tax cut, the statistical agency said.

However, around 2.1m taxpayers paying tax in the first bracket will experience a slight tax increase as a result of the changes.

TAGS: tax | Netherlands

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