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Netherlands 2015 Budget Presented - Includes No Major Tax Changes

16 September 2014

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Proposed Changes

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Netherlands

The Dutch Minister of Finance presented the 2015 Budget to the House of Representatives on 16 September 2014. The budget includes only a few tax related measures, including: The allocation of €500 million to increase the employed person's tax credit The allocation of €475 million to reduce the increase in the lowest rate of individual income tax - the lowest rate will increase from 36.25% to 36.5% (including social security contribution) from 1 january 2015 instead of 36.75% as previously planned The extension of the reduced VAT rate for construction and renovation work until 30 June 2015 Corporate tax rates...