From 1 January 2025, many tax rules and rates will change again. Peter Kavelaars, Professor of Economics of Taxation at Erasmus School of Economics, discussed on BNR Nieuwsradio what to watch out for in particular.
All together, there are again a lot of measures, but because there is a relatively new cabinet, the measures are reasonably slowed down. This is favourable for the coming year, however, it does predict more measures for the coming years. This year, income tax will be extended to 3 tax brackets, which will reduce the tax burden. The rate of the first bracket will decrease, with the aim of supporting middle-income earners.
Consequences for entrepreneurs
For entrepreneurs, however, there are some less favourable developments. For instance, from 2 January 2025, the start of self-employment verification will commence. The state secretary did indicate that this will not be retroactive. Also, self-employed people will lose out slightly due to the reduction in the SME profit exemption. However, Kavelaars indicates that this is not entirely unjustified, as the difference in tax burden between employees is now quite large. In addition, the self-employed deduction will be further reduced from a tight €2,500 to €900 by 2027.
Consequences for shareholders
Major shareholders are taxed in box 2 for their dividends, which have also had a two bracket system since last year. This aims to encourage dividend payments. The rate of the highest bracket will be reduced by two percentage points this year.
Finally, there is also an increase in gambling tax. For the gambling industry, this is an unpleasant measure and they are likely to face difficulties as a result.
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You can listen to the episode by BNR Nieuwsradio, 31 December 2024, here.
