Expat Community > The Netherlands

aenneman
Joined 2001
Posts: 4

Some tax changes for 2003

22 years ago

Some tax changes for 2003:

- Raise employment tax credit (arbeidskorting) (â‚¬ 119)
- Raise general taxcredit (â‚¬ 50)
- Raise tax credit for older people (â‚¬ 46)
- Introduction of a course of life facility (save for leave in different stages of life)
- Reduction of some environment related benefits
- Freeze the ruling concerning the company car at 2002 figures
- Abolition of the bike deduction
- Abolition of employee savings
- Abolition of the basis deduction for the "lijfrente" (an income insurance for life)
- Abolition of the feastday ruling (the employer could give you â‚¬ 136 every year tax free on feast days, like the christmas gift
- Other changes, less important for expats

Summary of tax rates and amounts

Rates 2003

AOW-premium (social security for 65+) 17,90
ANW-premium (social security for the next of kin) 1,25
AWBZ-premium (special health costs) 12,05
Premium standard social security 31,20
Tax rate first scale 1,70
Tax rate second scale 6,75
Combined rate first scale 32,90
Combined rate second scale 37,95
Combined rate first scale 65+ 15,00
Combined rate second scale 65+ 20,05
Tax rate third scale 42,00
Tax rate fourth scale 52,00

www.expatax.nl

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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Expat Community > The Netherlands

Some tax changes for 2003

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