Dutch Senate Approves Tax Plan for 2024 and Other Measures Including Pillar 2 Global Minimum Tax

The Dutch Senate (upper house of parliament) approved the Tax Plan for 2024 and other tax measures on 19 December 2023. The Tax Plan and other tax measures were approved by the House of Representatives (lower house) on 27 October 2023. Some of the main measures include:
- An increase in the basic rate of individual income tax for Box 1 income (employment and certain other income) from 36.93% to …