- Taxation in the Netherlands
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).
The Netherlands has partly a progressive tax rate. For a while, the highest income bracket in the Netherlands was 72%, but now this is 52%. The brackets are 1.8%, 9.35%, 42% and 52%. The first two brackets also contain the Social Security payments (premiums, AOW, ANW and AWBZ), making it effectively 32.6% higher - or 34.4%, 41.95%, 42% and 52%.
Value added tax
value added taxthere are two categories: foods and essentials, and non-foods and luxuries. These two categories have rates of 6% and 19%, respectively. As of January 1 2009, it was planned to raise the highest category to 20%. These plans however have been cancelled.
20.0% for the first € 40,000, 23.0% for the second € 160,000 and above that a corporate tax rate of 25.5%
"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, with 29% of that amount is taken as tax.
inheritance tax("successierecht") charges beneficiaries of an inheritance.
gift tax("schenkingsrecht") charges the beneficiary of a gift.
Algemeen nut beogende instelling
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