The Dutch Official Gazette Dec. 27 published Law No. 499/2023, Tax Plan 2024. The law includes measures: 1) reducing the basic individual income tax rate in 2024 to 36.97 percent from 36.93 percent on income up to 75,518 euros (US$75,518 euros); 2) increasing the employment tax credit by 115 euros (US$127); 3) increasing the tax-free travel allowance for 2024 to 0.23 euros (US$0.25) per kilometer from 0.21 euros (US$0.23); 4) reducing the profit exemption for small and medium sized entities (SMEs), to 13.31 percent from 14 percent; 5) extending the energy investment deduction (EIA), environmental investment deduction (MIA), and arbitrary ...
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