Budget Day 2024: more purchasing power and a return to fiscal discipline
Next year most people will be financially better off. It will pay more to work due to cuts in income tax, and measures on purchasing power will prevent a rise in poverty. The government will also invest heavily in our security, and the budget will absorb the recent
Read MoreThe Netherlands to invest €2.5 billion to strengthen business climate for chip industry in Brainport Eindhoven
Found in objects from telephones to solar panels and medical equipment, microchips play a crucial role in everyday life. Dutch businesses and knowledge institutions lead the way in the global chip industry. But in the Brainport Eindhoven region they’re coming up against limits in terms of personnel, space
Read MoreCocaine seizures by Customs see sharp rise in 2023
In 2023, Dutch Customs seized almost 60,000 kg of cocaine. This is a sharp increase compared to 2022, when more than 51,000 kg of cocaine was seized. The largest seizures were in the ports of Rotterdam and Vlissingen. At airports, more than twice as much cocaine was seized
Read MoreNetherlands and Bangladesh sign new tax treaty in Dhaka
Dutch State Secretary for Tax Affairs Van Rij and Minister Abdul Hassan Mahmood Ali of Bangladesh put their signatures to a new bilateral tax treaty in Dhaka on 12 March. The aim of the treaty is to avoid double taxation and further Dutch and Bangladeshi economic interests. Source
Read More2024 Tax Plan: essential steps for society and for the tax system
Today Marnix van Rij (State Secretary for Tax Affairs and the Tax Administration) presented the 2024 Tax Plan to the House of Representatives. The package contains essential measures for society and the tax system. These include measures to support purchasing power and fight poverty, to improve and simplify
Read MoreAdditional €2 billion to fight poverty
The government will make an additional €2 billion a year available on a structural basis to support vulnerable households. This measure will prevent a rise in the number of people living in poverty and reduce the number of children growing up in poverty. Most of this expenditure will
Read MorePackage of measures to cushion the impact of rising energy prices and inflation
The government is introducing new supplementary measures to cushion the impact of rising energy prices and persistent inflation on low- and middle-income earners. Inflation may rise substantially this year, possibly reaching 5.2%. This is due mainly to higher energy prices. Purchasing power is expected to fall by 2.7%
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Netherlands earmarks €2.5 billion for support to Ukraine in 2023
In 2023 the Netherlands will make €2.5 billion available to support Ukraine. The government expects that this amount will be necessary to provide military aid, support essential repair and reconstruction activities and contribute financially to efforts to combat impunity. The Dutch Cabinet approved the proposal by ministers Liesje
Read MoreHigh number of shell companies detrimental to the Netherlands, says Committee
Shell companies contribute little to the Dutch economy, impose a disproportionate cost on developing countries in terms of lost tax revenue, and damage the Netherlands’ reputation. These are the principal conclusions reached by the Committee on Conduit Companies chaired by Bernard Ter Haar, which presented its final report
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Mr Weekers concludes agreement with US to tackle tax evasion and undeclared savings
Mr Weekers, the State Secretary of Finance, has concluded an agreement with the United States today making possible an automatic exchange of data between the tax authorities of both countries. This agreement implementing the U.S. Foreign Accounts Tax Compliance Act (FATCA) underscores the co-operation of the Netherlands and
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