Richest 1% of the Dutch pay just 21% of their income in tax: CPB
2 years, 8 months ago

Richest 1% of the Dutch pay just 21% of their income in tax: CPB

Dutch News  

While the very richest of the Dutch are losing 21% of their income to tax, people on average incomes are handing over 40% to the tax office, according to new research by the government’s centre for policy analysis CPB. The CPB found that people on the lowest incomes were spending 55% of their income on tax, although this was largely compensated for by social security benefits and other measures to help people living on or near the poverty line. This shows that the Dutch tax system does not contribute to boosting equality of income, and those most able to pay most are not doing so, the CPB said. The Dutch tax system is extremely complex, thanks to all the discounts for low incomes and the additional social security benefits which people can claim.

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History of this topic

Low Dutch corporate tax rate should be scrapped, fails to help small businesses
2 days, 20 hours ago

Low Dutch corporate tax rate should be scrapped, fails to help small businesses

NL Times  

The low corporate income tax rate is not suitable to support small and medium-sized enterprises and it would be better if it is abolished, said the Netherlands Bureau for Economic Policy Analysis after conducting research. "Of the 3 billion euros in tax benefits that the low corporate income tax rate yields this year, more than half will end up with …

Tax changes in 2025 to boost income for most Dutch workers, says payroll firm
1 week, 6 days ago

Tax changes in 2025 to boost income for most Dutch workers, says payroll firm

NL Times  

The first paychecks of 2025 are expected to deliver a net income boost for most Dutch employees due to tax reductions and adjustments to government rebates, according to calculations by HR and payroll software provider Nmbrs. Meanwhile, the general tax credit, a rebate applied to reduce taxes owed, will decrease from 3,362 euros to 3,068 euros. However, the income threshold …

Dutch Billionaire Ali Niknam's IT Investment Propels Him Up the List
Trending News
1 month, 3 weeks ago

Dutch Billionaire Ali Niknam's IT Investment Propels Him Up the List

Dutch News  

The richest Dutch are getting richer, despite last year's economic slowdown. The top 500 richest people in the Netherlands have a total wealth of €252.7 billion, up 5% from a year ago. However, some people have seen their assets decline. Ali Niknam, the director of Bunq, has added the most assets to his fortune, taking him from 28th to 12th …

Dutch Billionaire Ali Niknam's IT Investment Propels Him Up the Quote 500 List
1 month, 3 weeks ago

Dutch Billionaire Ali Niknam's IT Investment Propels Him Up the Quote 500 List

Dutch News  

The richest Dutch are getting richer, despite last year's economic slowdown. The top 500 richest people in the Netherlands have a total wealth of €252.7 billion, up 5% from a year ago. However, some people have seen their assets decline. Ali Niknam, the director of Bunq, is one of the biggest winners, with his fortune increasing by €800 million.

Richest Dutch paying less and less tax since 2001 tax reform
1 year, 6 months ago

Richest Dutch paying less and less tax since 2001 tax reform

NL Times  

Since the 2001 tax reform, the wealthiest people in the Netherlands have paid less and less tax, Follow the Money reports based on a memo created by officials from the Ministry of Finance after investigating how the super-rich avoid taxes. Other super-rich people, like professional football players and high earners in the Amsterdam Zuidas, have “Until 2001, the marginal tax …

Dutch Cabinet wants minimum 15% corporate tax to cut down tax avoidance; First in EU
1 year, 6 months ago

Dutch Cabinet wants minimum 15% corporate tax to cut down tax avoidance; First in EU

NL Times  

The Cabinet announced draft legislation to ensure that multinational and domestic companies in the Netherlands with an annual revenue of at least 750 million euros always pay at least 15 percent corporate tax. The minimum tax rate of 15 percent is an internationally agreed rate," the Ministry of Finance wrote in a statement. Since the beginning of the year, companies …

Government benefits errors put 5,000 families under poverty line
1 year, 9 months ago

Government benefits errors put 5,000 families under poverty line

Dutch News  

At least five thousand Dutch families have been living below the poverty line due to the government incorrectly reclaiming benefits, report Dutch media. The problem is related to families receiving extra cash to top up their salary or long-term unemployment or sickness benefits to a ‘living’ level. In September, the Centrale Raad van Beroep ruled that Arnhem council needed to …

Government benefits errors put 5,000 families under poverty line
1 year, 9 months ago

Government benefits errors put 5,000 families under poverty line

Dutch News  

At least five thousand Dutch families have been living below the poverty line due to the government incorrectly reclaiming benefits, report Dutch media. The problem is related to families receiving extra cash to top up their salary or long-term unemployment or sickness benefits to a ‘living’ level. In September, the Centrale Raad van Beroep ruled that Arnhem council needed to …

Dutch pay slips will increase across the board in 2023
2 years ago

Dutch pay slips will increase across the board in 2023

Dutch News  

A higher minimum wage and slightly lower taxes mean workers in the Netherlands will see a significant salary increase in 2023, according to HR service provider Visma Raet, which annually calculates the effects of taxes on people’s salaries. It is then extra important to know what awaits you financially.’ Net wages According to Visma Raet, the Dutch net minimum wage …

Dutch pay slips will increase across the board in 2023
2 years ago

Dutch pay slips will increase across the board in 2023

Dutch News  

A higher minimum wage and slightly lower taxes mean workers in the Netherlands will see a significant salary increase in 2023, according to HR service provider Visma Raet, which annually calculates the effects of taxes on people’s salaries. It is then extra important to know what awaits you financially.’ Net wages According to Visma Raet, the Dutch net minimum wage …

Dutch wealth distribution more skewed than thought; Richest 1 percent hold 26% of wealth
2 years, 5 months ago

Dutch wealth distribution more skewed than thought; Richest 1 percent hold 26% of wealth

NL Times  

The distribution of wealth in the Netherlands is "more skewed than expected," according to a study commissioned by the Cabinet. The wealthiest 1 percent experience "a lower average tax burden," according to the researchers, as the tax on wealth is much lower than that on work. Inheritance and gift tax also contribute to wealth inequality, mainly through the "business succession …

Wealthy people should pay for government’s Asset Tax repayment: State Sec.
2 years, 8 months ago

Wealthy people should pay for government’s Asset Tax repayment: State Sec.

NL Times  

Wealthy Netherlands residents will have to cover the billions of euros in compensation the government has to pay for the savings tax, which the Supreme Court declared illegal. State Secretary Marnix van Rij made this clear during a debate with the Tweede Kamer, the lower house of the Dutch parliament. VVD parliamentarian Folkert Idsinga also warned that it might not …

Richest 1% of the Dutch pay just 21% of their income in tax: CPB
2 years, 8 months ago

Richest 1% of the Dutch pay just 21% of their income in tax: CPB

Dutch News  

While the very richest of the Dutch are losing 21% of their income to tax, people on average incomes are handing over 40% to the tax office, according to new research by the government’s centre for policy analysis CPB. The CPB found that people on the lowest incomes were spending 55% of their income on tax, although this was largely …

Richest Dutch don't pay the most tax: Planning Office
2 years, 8 months ago

Richest Dutch don't pay the most tax: Planning Office

NL Times  

The wealthiest Netherlands residents don't pay the most taxes. But the 1 percent highest earners only spend 21 percent of their income on taxes - less than the lowest earners, NRC reports based on a new study by central planning office CPB. "The fact that top incomes pay a lot less tax is a new outcome," CPB tax economist Arjan …

Disposable income in the Netherlands doubled in the past 50 years
3 years, 8 months ago

Disposable income in the Netherlands doubled in the past 50 years

NL Times  

The average net disposable income for Dutch households rose by 112 percent in 2020 compared to 1969, Statistics Netherlands stated. That means that last year the net disposable income per person lay at 21.9 thousand euros. The faster growth of the GDP compared to the net disposable income is due to a stagnation of the net disposable income per household …

Netherlands world's 4th biggest tax haven
3 years, 9 months ago

Netherlands world's 4th biggest tax haven

NL Times  

The Netherlands is still one of the world's main tax havens, coming in fourth place on Tax Justice Network's biennial ranking of tax havens. Tax Justice Network looked at the extent to which a country's laws allow companies to avoid tax, and examined how much money from multinationals flowed through a country using such schemes. "The fact that the Netherlands …

Talking taxation: four issues which you might not have thought about
4 years, 2 months ago

Talking taxation: four issues which you might not have thought about

Dutch News  

The Dutch tax office has an advertising slogan about making it easier to sort out your tax affairs, even though this is something nobody likes to do. ‘Of course, if you have a straightforward job, don’t own a house and speak Dutch you can file your taxes pretty easily,’ says Lennart Suurmond, from tax advisory company J.C. Suurmond Tax Consultants. …

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