OrbitaxOn 13 December 2005, the Upper House of the Netherlands parliament approved the Tax Proposals for 2006. The amendments under the Tax Proposals for 2006 apply as from 1 January 2006.
|Approved Changes|Netherlands
The most important amendments under the Tax Proposals for 2006 are as follows:
Corporate income tax
The corporate income tax rate will be reduced to 25.5% (2005: 27%) on the first EUR 22,689 of profits, with the excess being taxed at 29.6% (2005: 31.5%). As from 2007, the these rates will be further reduced to 24.5% and 29.1% respectively.
The provision on tax-deductible d…
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