Income Tax Rate Netherlands 2020

The corporate tax rates for 2020 are 16 5 on the first eur 200 000 of taxable profits reduced from 19 as from 1 january 2020 and 25 on taxable profits exceeding eur 200 000. In the year 2020 the tax rates are reduced to two brackets 37 35 over the first eur 68 507 you earn and 49 50 over the income exceeding the eur 68 507. Earnings up to 68 507 will be taxed at 37 35 while earnings over that limit will be taxed at 49 5.

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Here is a round up of the main tax changes for 2020 and how they will affect your finances.

Income tax rate netherlands 2020. Taxation in the netherlands is based on a box system whereby each box contains certain income which is taxed against a certain tax rate with tax brackets credits allowances fixed rates etc. Income from employment and home including national social insurance contributions. Rate box 3 income from savings and investments the tax rate for income from savings and investments stays 30. How does the netherlands income tax compare to the rest of the world.

Netherlands has a bracketed income tax system with four income tax brackets ranging from a low of 2 30 for those earning under 18 218 to a high of 52 00 for those earning more then 54 367 a year. Further rate reductions will take place for 2021. Box 3 income from savings and investments the box 3 tax rate is assessed against a hypothetical yield. Income tax rates and thresholds annual tax rate.

2020 rates for box 1 income in the first and second bracket of box 1 national insurance tax is levied at a rate of 27 65. The tax rate for income from a substantial interest is 25. 15 on the first eur 200 000 and 21 7 on taxable profits exceeding eur 200 000. Expats with the 30 ruling can opt in the tax return to be exempted from taxation on savings and most of the investments.

Netherlands residents income tax tables in 2020. Below you will find the most relevant rates for the current and previous years. This year the tax office will only work with two tax brackets it was three. Box 2 income is taxed at a flat rate of 26 25.

Until this year we had three tax brackets 36 65 over income from zero to eur 20 384 then 38 10 over income from eur 20 385 to eur 68 507 and then 51 75 over the income exceeding eur 68 507. For the year 2020 the tax rate for income from a substantial interest is 25. Box 3 income is taxed at a flat rate of 30. Combined rates 2020 younger than state pension age.