The Dutch Government’s 2021 Tax Plan, unveiled in mid-September, revealed that a planned decrease in the headline corporate tax rate from 25% to 21.7% as of 2021 was being shelved. However, a parallel tax cut for small companies from 16.5% to 15% will still go ahead, applying from 2021 on profits up to EUR245,000, up from EUR200,000 currently (with this threshold increasing further, to EUR395,000, in 2022.)

The plan also includes proposals for a carbon tax from January 1, 2021, at an initial rate of EUR30 per tonne, and on the personal income tax front, contains a planned measure to increase the tax rate on savings and investment income, or “box 3″ income, from 30 to 31 percent from 2021.

For more information on this, and other topical international tax matters, please visit: https://www.cchgroup.com/roles/corporations/international-solutions/research/global-tax-weekly-a-closer-look

netherlands