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Dutch House of Representatives Approves Tax Plan for 2024 and Other Measures Including Pillar 2 Global Minimum Tax and Changes in Treatment of Partnerships

31 October 2023

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Proposed Changes

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Netherlands

The Dutch House of Representatives (lower house of parliament) approved the Tax Plan for 2024 with amendments. This includes: An increase in the top tax rate on individual Box 2 income (income from a substantial interest) to 33% instead of 31% as previously scheduled from 2024; An increase in the tax rate on individual Box 3 income (taxable income from savings and invested assets) to 36% instead of the proposed 34% from 2024; A change in the 30% ruling (exemption) regime for expats from 1 January 2024, allowing up to a 30% exemption of employment income for the first 20...