The Dutch Ministry of Finance released an overview of the most important tax amendments for 2024. These changes pertain to the Tax Plan for 2024, which the Dutch Senate approved on 19 December 2023.

The key explanations and measures include:

  • The threshold for the top tax bracket (49.50%) is raised from EUR 73,031 to EUR 75,518;
  • The general tax credit has been raised from EUR 3,070 to EUR 3,362;
  • The SME profit exemption has been lowered to 13.31% from 14% for 2024 and will be further reduced to 12.7% in 2025;
  • Starting from 1 January 2025, the partial foreign tax liability option scheme is abolished for incoming employees who benefit from the 30% ruling. This scheme exempts employees from paying Box 2 or Box 3 tax on their foreign capital income;
  • The tax rates for Box 2 income (income from a substantial interest) have been set at 24.5% on income up to EUR 67,000 and increased to 33% on income exceeding EUR 67,000.