Netherlands Gazettes Decree Explaining Income Tax, Payroll Tax Credits (Corrected)

The Dutch Official Gazette Dec. 27 published Decree No. 2022-278079, explaining income and payroll tax credits. The decree includes measures explaining that: 1) combined tax credits can be settled in full against calculated income tax and national insurance contributions to prevent double taxation; 2) the general tax credit is calculated on the basis of taxable income from work and home, but not including retained income; 3) subject to specific conditions, taxpayers with higher yearly income from work than tax partners may qualify for the income-related combination tax credit; 4) taxpayers who live aboard an inland vessel without a permanent berth, ...