The Cabinet, in the “2020 Tax Plan” package presented this week to the Lower House, proposed changes with respect to payroll taxes and social security contributions.
The proposals generally are intended to have an effective date of 1 January 2020.
Under the proposal, implementation of the two-bracket regime would be accelerated (changes intended to be effective in 2021 would instead be effective beginning 2020). The top tax rate would be 51.75% in 2019 and would be reduced to 49.50%, effective 1 January 2020.
Read a September 2019 report prepared by the KPMG member firm in the Netherlands
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