The Dutch Ministry of Finance has announced that the Senate (upper house of parliament) approved the 2020 Tax Plan on 17 December 2019. As provided in an overview of the Major Tax Changes in 2020, some of the key changes from 1 January 2020 include:
- A two-bracket individual income tax system for Box 1 income (employment and certain other income) is introduced for individuals subject to state social security contributions, including the following brackets/rates:
- up to EUR 68,507 - 37.35%
- ov…