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Netherlands Presents an Amended Budget for 2014 Update from Nair & Co. Tax Team (Bristol, UK) - The Dutch government has presented an amended budget to the parliament altering important provisions regarding tax rates, tax credits and payroll taxes. The key highlights are as follows: 

Individual Tax rates: The first bracket tax rate will be lowered; in addition, taxes on income from substantial shareholdings may be reduced from 25% to 22%.

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Tax credits: Cancellation of the phasing out of the general levy rebate for income falling under the top bracket; certain other provisions including the working bonus, a credit given to taxpayers between the ages of 60-63 who receive income from employment or business-related activities, will be removed. Payroll taxes: A reduction in employer contributions for unemployment insurance and to the disability fund.

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For more information about doing business overseas or to know more about our International Expansion Services team please contact us. Subscribe to regular global tax compliance alerts from Nair & Co. International Business Guide (IBG) is our online platform for companies wishing to optimize their multinational operations and would like to have specific business information for doing business in a particular country - Click Here. Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts. About Nair & Co. Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-pointof-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com Media Contacts For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Yvonne Smith at +1.408.501.8867

Netherlands Presents an Amended Budget for 2014  

The Dutch government has presented an amended budget to the parliament altering important provisions regarding tax rates, tax credits and pa...

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