Knowledge Base

Welcome to the Expatax Knowledge Base containing hundreds of answers to questions we received about topics concerning tax, payroll, accounting, legal, business etc. related to the Netherlands. Search in our Knowledge Base or browse the different categories. Expatax is a Dutch tax and accounting firm specialized in assisting international workers, freelancers and companies. Don't hesitate to contact us if you need assistance or check our website.

Tax assessment for 2014 may be higher than expected

Tax assessment for 2014 may be higher than expected
From 1 January 2014, a number of tax rules changed. For example the general tax credit and the employment tax credit became income dependent. The changes became final after the tax authorities had sent the preliminary assessments for 2014, which could not be adjusted anymore. 
Because the changes also couldn’t be reflected fully in the salary systems of employers and benefit institutions, they also couldn’t take sufficient account of the changes in the general tax credit and the employment tax credit. Because of this they may not have withheld enough wage tax from your wages or benefits.
The consequence is that you may have to pay additional tax or get back less than expected when you receive the tax assessment over 2014. 
If you have to pay, you will get 4 months extra time to pay this assessment, in addition to the normal payment period of 6 weeks. This applies to all income tax claims for 2014 received after April 30, 2015 but before July 1, 2016.
How much do you have to pay?
Did you earn a gross income in 2014 of more than around € 20,000 and is one of the following two situations applicable:
• you received salary, pension and / or other benefits and also holiday pay, a 13 month or another special reward and / or
• you received other income, such as income from business or income from other activities

then you have to pay additional tax for 2014 or you will get back less than expected. The effects vary from person to person. The average amount is € 150. But it could also go up to € 300 or even € 700 depending on your income and situation.

Keep this in mind when the tax return is prepared.

Expatax can assist you with your tax return. See for our procedure.

Attached Files
There are no attachments for this article.
There are no comments for this article. Be the first to post a comment.
Security Code Security Code
Related Articles RSS Feed
Taxation of 13th month, holiday allowance and pension fund
Viewed 10126 times since Thu, Sep 5, 2013
Tax declaration: When can I file it when I leave the Netherlands this year?
Viewed 440 times since Wed, Oct 21, 2015
I have just received an email from the Dutch tax authorities. Subject: Uw aangifte inkomstenbelasting indienen.
Viewed 3376 times since Wed, Feb 29, 2012
Paid from Holland - living and working in UK now
Viewed 3395 times since Wed, May 2, 2012
Travel calendar 2013: claim a tax exemption for foreign workdays
Viewed 8046 times since Thu, Jan 9, 2014
What are the tax rates in 2012?
Viewed 2384 times since Tue, Nov 29, 2011
Protective assessment upon emigration
Viewed 7689 times since Fri, Feb 21, 2014
Can I open a savings account for my child and will he pay tax on the interest ?
Viewed 9760 times since Wed, Mar 21, 2012
Will I receive my tax refund before July 1 if I file my M form before April 1?
Viewed 4246 times since Tue, Feb 28, 2012