The Netherlands has a rich history dealing with taxation, predating the Romanic period Ancient Rome was a civilization that grew out of a small agricultural community founded on the Italian Peninsula as early as the 10th century BC. Located along the Mediterranean Sea, it became one of the largest empires in the ancient world.
Some of the most important taxes are that of the income tax An income tax is a tax levied on the income of individuals or business . Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When the tax is levied on the income of companies, it is often called a corporate tax, corporate income tax, or profit tax. Individual (Wet op de inkomstenbelasting 2001 In the Netherlands there is an income tax, which since 2001 is roughly as follows. The fiscal year is the calendar year. No later than March citizens have to report their income of the previous year. The system integrates tax with fees paid for the basic old-age pension system AOW, the pension system for partners of deceased people AnW, and the), the wage withholding tax Withholding tax is an amount withheld by the party making a payment to another and paid to the taxation authorities. The amount the payer deducts may vary, depending on the nature of the product or service being paid for. The payee is assessed on the gross amount, and the tax to be withheld (the withholding tax) is computed in that assessment. The (Wet op de loonbelasting 1964), the value added tax Value added tax , or goods and services tax (GST) is a consumption tax (CT) levied on any value that is added to a product. In contrast to sales tax, VAT is seen as neutral with respect to the number of passages that there are between the producer and the final consumer whereas sales tax is levied on total value at each stage (though in the U.S (Wet op de omzetbelasting 1968) and the corporate tax Corporate tax refers to a tax levied by various jurisdictions on the profits made by companies or associations. It is a tax on the value of the corporation’s profits. The general global trend of national corporate taxation is downwards - In the last ten years average rates fell from 35.0% to 26.30% (Wet op de vennootschapsbelasting 1969).
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Income tax
Main article: Income tax in the Netherlands In the Netherlands there is an income tax, which since 2001 is roughly as follows. The fiscal year is the calendar year. No later than March citizens have to report their income of the previous year. The system integrates tax with fees paid for the basic old-age pension system AOW, the pension system for partners of deceased people AnW, and theThe Netherlands has a partly progressive tax rate. In the past the highest income bracket in the Netherlands was 72%, but in 1990 the highest income bracket was changed to 60% and in 2001 it became 52%. The brackets are now 2.35%, 10.85%, 42% and 52%. The first two brackets also contains the Social Security payments (contributions to schemes like AOW, ANW and AWBZ), making it effectively 33.5%, 42%, 42% and 52%.
Value added tax
For the value added tax Value added tax , or goods and services tax (GST) is a consumption tax (CT) levied on any value that is added to a product. In contrast to sales tax, VAT is seen as neutral with respect to the number of passages that there are between the producer and the final consumer whereas sales tax is levied on total value at each stage (though in the U.S there are two categories: foods and essentials, and non-foods and luxuries. These two categories have rates of 6% and 19%, respectively.
Corporate tax
20.0% for the first € 275,000 and above that a corporate tax rate of 25.5% (determined in December 2008 for the taxyear 2008 and may be the same rates in 2009 and 2010)
"Games of chance" tax
No taxes are applied when the sum won is €454 or less, or when the entry fee is higher than the prize won.
If the prize is higher than €454, a tax rate of 29% is applicable; however, if the host pays the taxes the sum is multiplied by 100 and then divided by 71, and 29% of that amount is taken as tax.
Inheritance tax
The inheritance tax Inheritance tax, estate tax and death duty are the names given to various taxes which arise on the death of an individual. It is a tax on the estate, or total value of the money and property, of a person who has died. In international tax law, there is a distinction between an estate tax and an inheritance tax: an estate tax taxes the personal (successierecht) charges beneficiaries of an inheritance Inheritance is the practice of passing on property, titles, debts, and obligations upon the death of an individual. It has long played an important role in human societies. The rules of inheritance differ between societies and have changed over time.
Wealth tax
1.2% on possessions like savings, shares, houses etc. over € 20,315. Things like furniture, cars etc. are excluded.
Gift tax
The gift tax In economics, a gift tax is the tax on money or property that one living person gives to another. The United States Internal Revenue Service says a gift is "Any transfer to an individual, either directly or indirectly, where full consideration is not received in return." Many gifts are not subject to tax, or are exempted from taxation (schenkingsrecht) charges the beneficiary of a gift In many human societies, the act of mutually exchanging money, goods, etc. may contribute to social cohesion. Economists have elaborated the economics of gift-giving into the notion of a gift economy.
External links
See also
- Income tax in the Netherlands In the Netherlands there is an income tax, which since 2001 is roughly as follows. The fiscal year is the calendar year. No later than March citizens have to report their income of the previous year. The system integrates tax with fees paid for the basic old-age pension system AOW, the pension system for partners of deceased people AnW, and the
- Corporate Tax in the Netherlands
- Algemeen nut beogende instelling The Dutch Tax Administration can declare an institution to be an "institution for general benefit" . Often this is a foundation, though not every foundation qualifies. It can also be a voluntary association (vereniging), but not e.g. a sport club, or association of personnel. Also it cannot be a commercial institution
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Case Study Organon Laboratories Cambridge Science Park Office Fit Out Organon Laboratories are a subsidiary of Akzo Nobel founded in 1923 in the Netherlands Organon has been based on Cambridge Science Park since the 1980 s
TJN
hu, 12 Feb 2009 08:15:00 GM
But in February NRC Handelsblad, a mainstream Dutch newspaper, used information from anonymous . tax. officials to report that Dutch multinationals hardly pay any . tax in the Netherlands. . They had used loopholes in the new Corporate Income ...
Q. The tv licence may be hated and non-sensical to most of us, but we are not the ONLY country to have one. They also have one in Albania, Austria, Belgium (Walloon region only), Bosnia, Croatia, Cyprus (collected via electricity bill), Czech Republic, Denmark (inc computers on the net), Finland, France, Germany, Greece (electric bill), Iceland, Ireland, Italy, Macedonia, Malta, Montenegro, Norway, Poland, Romania, Slovakia, Slovenia, Sweden, Switzerland, Israel, Japan, S Korea, Pakistan, Singapore, Ghana, Mauritius, Namibia and South Africa. They have been abolished in Australia (funded by $0.08 per person per day from taxation), northern Belgium (Flemish region), Gibraltar, Hungary, India, Malaysia, the Netherlands, New Zealand and… [cont.]
Asked by undercover elephant - Sun Aug 12 20:13:28 2007 - - 7 Answers - 0 Comments
A. gosh how long did it take you to find out all that !! don't like paying the fee but BBC do some good stuff radio included
Answered by MARTIN - Sun Aug 12 20:24:36 2007
