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Changes to Dutch Business Taxes Revealed in Latest Budget

The Dutch Government has made some changes to taxes, which can affect businesses. Here's what you need to know in simple terms:

  • Carbon Tax Increase: Companies with big factories and electricity plants will pay more for emitting carbon dioxide (CO2). It used to be EUR18 per tonne, but from January 1, 2024, it will be EUR51.70 per tonne. This price will keep going up until 2030.


  • Less Tax Relief for Small Businesses: Small and medium-sized businesses used to get a break on their profits, but now they'll get a bit less. In 2024, it's going down from 14 percent to 12.7 percent.


  • Fewer Deductions for Self-Employed: People who work for themselves used to get a tax deduction of EUR5,030, but it's going down to EUR3,750 in 2024. It'll keep reducing in the following years.


  • Changes in Greenhouse Gas Taxes: Companies in the greenhouse industry will have to pay more taxes on natural gas. Also, starting in 2025, they'll pay a tax based on how much CO2 they produce.


  • End of Tax Breaks for Some Industries: Some industries, like making building materials or metals, won't get a tax break on their energy use after 2025.


  • Lower Tax for Business Asset Investments: If a company puts money into an account to buy stuff for their business, they used to pay a high tax on it. Now, it's much lower.


  • Cheaper Public Transportation for Employees: Companies can give their employees a transportation card without it being taxed. Plus, employees will get a bit more money for every kilometer they travel for work.


  • Changes to Energy Tax Deduction: Companies used to get a big tax deduction for investing in energy-efficient stuff. It's still there, but it's a bit less generous now.


  • No More Discounts for Quick Tax Payments: Companies used to get a discount for paying their taxes all at once. That's going away.


  • Real Estate Purchase Tax: Starting in 2025, if you buy real estate through a share transaction, you'll pay a 4 percent tax. There will be some special rules for this.


  • Higher Taxes on Alcohol and Tobacco: Booze and cigarettes will cost more because the taxes on them are going up in April 2024.


  • Car Purchase Tax Increase: If you're buying a car, van, or motorcycle, the tax is going up by EUR200.

These changes can impact businesses and individuals in the Netherlands.


Contacts

If you require assistance in relation to the above and/or would like to discuss anything further, please do not hesitate to contact info@act.london or your usual A.C.T. contact.

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