Newsletter Budget Day 2023

Read the original newsletter about Budget Day 2023 here.

Lupacompany will catch you up

Because the Dutch government is resigning, there are no major surprises in the Tax Plan for 2024 presented on Budget Day. Nevertheless, there are plenty of resolutions that can have an impact on your financial situation. Now that the House of Representatives has approved the Tax Plans for the coming year at the end of October, after a number of changes, we can update you on the Tax Plans for the coming year.

In this short update, we will explain what is imminent for your professional and personal tax situation.

© Ministry of Financial Affairs

Tax Plan 2024: entrepreneurs

While the SME profit exemption and self-employed deduction are expected to decrease, the employment tax credit and the rate in bracket 1 will increase.

This is our top 10 resolutions that you as an entrepreneur may have to deal with in 2024. Click the button below if you are curious about the details.

1. SME profit exemption lowered
2. Reduction of self-employed deduction
3. Business transfer arrangements change
4. Adjusting reinvestment reserve
5. Transfer tax on new real estate through share transactions (from 2025)
6. Exempting public transport cards from payroll tax
7. Adjusting fees for objections woz and bpm
8. Labour tax credit for employed rises
9. Lower indexation tax bracket 2
10. Slight increase in bracket 1 rate

Read more about the Tax Plan for entrepreneurs here

Tax Plan 2024: DGA and the BV

After a radical package of changes as a result of the tax plan for the past year, you as a DGA (director and major shareholder) will have to participate less in tax changes in 2024. For example, the Corporate Income Tax rate remains the same, but the dividend payment is taxed more heavily. Do you want to know what else you can deal with?

In this artice we outline 8 proposed measures for DGA's

Tax Plan 2024: private individuals

For private individuals, many raises were presented during Prinsjesdag: People in paid employment should have more income left over in 2024 and pensioners will also benefit. But because prices can increase considerably, it remains to be seen whether you as a private individual really have a bigger budget to spend in 2024.

Continue reading about the tax plans for private persons

Extra attention for low incomes

On Budget Day it was announced that people with a low income or an allowance will be helped by the government in 2024. The groups that most need more financial space are met with various schemes, for which EUR 2 billion will be made available.

This measure is proposed to call a halt to the currently increasing number of people in poverty. The aim is not that that the number of people living at the subsistence level will be reduced. Instead the purpose is that it remains the same.

Are you struggling to make ends meet and do you want to know if the government is planning to help you?

>>   learn  more 

© Ministry of Financial Affairs

Administration by Aeslupa

Aeslupa helps people  managing their budgets and financial affairs.

We do this through  coaching,  management  and  administration. Aeslupa is also listed as an aid organization for the application for a basic bank account.

Find out more about our services here.

Preparing for 2024

As mentioned, the Senate still has to agree to the plans before they become final. But you already may want to align your policies and forecasts with the intended changes. Lupacompany is happy to help you with that.

Would you like to know more about Budget Day or the plans described above? You can read more about this on   the website of the Dutch government  (in English). Further details on the Tax Plans as of 2024 can be found (in Dutch) at this online portal.