Tax news

Tax changes 2003

Some changes in the Dutch tax laws in 2003


Some changes:

 

  • Raise employment tax credit (arbeidskorting) (€ 119)
  • Raise general taxcredit (€ 50)
  • Raise tax credit for older people (€ 46)
  • Introduction of a course of life facility (save for leave in different stages of life)
  • Reduction of some environment related benefits
  • Freeze the ruling concerning the company car at 2002 figures
  • Abolition of the bike deduction
  • Abolition of employee savings
  • Abolition of the basis deduction for the "lijfrente" (an income insurance for life)
  • Abolition of the feastday ruling (the employer could give you € 136 every year tax free on feast days, like the christmas gift
  • Other changes, less important for expats

 

Summary of tax rates and amounts

 

Rates
2003
2002
AOW-premium (social security for 65+)
17,90
17,90
ANW-premium (social security for the next of kin)
1,25
1,25
AWBZ-premium (special health costs)
12,05
10,25
Premium standard social security
31,20
29,40
Tax rate first scale
1,70
2,95
Tax rate second scale
6,75
8,45
Combined rate first scale
32,90
32,35
Combined rate second scale
37,95
37,85

Combined rate first scale 65+

15,00
14,45
Combined rate second scale 65
20,05
19,95
Tax rate third scale
42,00
42,00
Tax rate fourth scale
52,00
52,00

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