![]() ![]() This will benefit both employees and the self-employed. The increase in the employment tax credit planned for 2022 will be moved forward a year, which means that people in work will be better off next year. And anyone with savings or investments of up to €220,000 (or €440,000 if they have a tax partner) will pay less tax on them. on income from savings and investments) will fall by nearly one million. As a result, the number of small savers and investors who pay tax in box 3 (i.e. The tax rate will, however, by raised slightly, from 30% to 31%. Savers and small investors with assets of up to €50,000 (or €100,000 if they have a tax partner) will no longer pay tax on those assets from 2021. The government also intends to cut taxes. The rate paid by investors, on the other hand, will rise from 6% to 8%. From 2021, home buyers aged 18 to 35 will no longer pay transfer tax. The government is making it easier for first-time buyers to enter the housing market. ![]() In 2022 this limit will be raised further to €395,000. From 2021, the low rate will apply to profits of up to €245,000 instead of €200,000. In addition, more SMEs will pay this lower rate in the years ahead. The reduction of the low corporation tax rate from 16.5% to 15% will go ahead as planned. Businesses that make an investment, such as the purchase of a new machine, will receive a tax credit that they can set off against the payment of salaries tax and national insurance contributions. The government is encouraging businesses to make investments by introducing a new job-related investment tax credit (BIK) from 2021. The funds freed up will enable the government to strengthen the economy at this critical time. The previously announced reduction of the high corporation tax rate will be scrapped the rate will remain 25%. That is why employers will no longer pay salaries tax and national insurance contributions for training costs incurred after making employees redundant. People who lose their jobs during the current crisis must be able to retrain as easily as possible. The 2021 Tax Plan includes the following measures. We are also greening the tax system by introducing a CO 2 tax to encourage industrial companies to cut their emissions.’ We’re improving access to the housing market for first-time buyers, and soon nearly a million fewer people will be paying income tax on modest savings and investments. We’re reducing tax rates for small businesses with low profits. For instance, multinationals are going to shoulder a fairer share of the tax burden. That’s why this Tax Plan looks not only to the present but also to the future, so that we can emerge from the crisis with a fairer and greener tax system. It is continuing its reforms, including measures to create a better, fairer and greener tax system. This is the message of the 2021 Tax Plan.Īs State Secretary for Finance Hans Vijlbrief explains: ‘It’s precisely in times of crisis that we need to set our sights firmly on the future. At the same time, the government is working to provide prospects for the period thereafter. The 2021 Tax Plan package includes extra measures to stimulate economic growth during the coronavirus crisis. ![]()
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