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The Netherlands has a rich history dealing with taxation, predating the Romanic period.
Some of the most important taxes are that of the income tax (Wet op de inkomstenbelasting 2001), the wage withholding tax (Wet op de loonbelasting 1964), the value added tax (Wet op de omzetbelasting 1968) and the corporate tax (Wet op de vennootschapsbelasting 1969).
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Income tax
The Netherlands has a partly progressive tax rate. In the past the highest income bracket in the Netherlands was 72%, but in 1990 the highest income bracket was changed to 60% and in 2001 it became 52%. The brackets are now 2.35%, 10.85%, 42% and 52%. The first two brackets also contains the Social Security payments (contributions to schemes like AOW, ANW and AWBZ), making it effectively 33.5%, 42%, 42% and 52%.
Value added tax
For the value added tax there are two categories: foods and essentials, and non-foods and luxuries. These two categories have rates of 6% and 19%, respectively.
Corporate tax
20.0% for the first € 275,000 and above that a corporate tax rate of 25.5% (determined in December 2008 for the taxyear 2008 and may be the same rates in 2009 and 2010)
"Games of chance" tax
No taxes are applied when the sum won is €454 or less, or when the entry fee is higher than the prize won.
If the prize is higher than €454, a tax rate of 29% is applicable; however, if the host pays the taxes the sum is multiplied by 100 and then divided by 71, and 29% of that amount is taken as tax.
Inheritance tax
The inheritance tax (successierecht) charges beneficiaries of an inheritance.
Wealth tax
1.2% on possessions like savings, shares, houses etc. over € 20,315. Things like furniture, cars etc. are excluded.
Gift tax
The gift tax (schenkingsrecht) charges the beneficiary of a gift.
External links
See also
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