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Personal income tax (Withholding taxes (• Wage tax: Employers must…
Personal income tax
Withholding taxes
• Wage tax: Employers must withhold wage tax from salaries and other taxable remuneration paid to their employees, as well the benefit relating to a company car.
• Wage tax is an advance payment of individual income tax and is credited against the final tax liability. It includes the national social security contributions levied on the first two income tax brackets.
• Dividends and interest from profit sharing bonds paid by a resident company to its shareholders or creditors, respectively, are subject to dividend withholding tax at a rate of 15%.
• Resident taxpayers can credit the tax against their income tax due. Other interest or royalties are not (already) subject to withholding tax in the Netherlands.
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Box 3
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Allowance of € 30,000 is deducted from the taxable base.
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Box 1
The net results of the various income sources of this box are aggregated before the personal deductions are deducted and the progressive rates are applied.
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