With a new year comes a host of law changes, new rules, and regulations to be implemented in the Netherlands. The Dutch government is enforcing dozens of these new laws as of January 1, 2021. Every year, NL Times compiles a roundup of these rule changes for non-Dutch speaking people.
An important basic income tax rate will fall slightly, minimum wage will rise slightly, and people with savings and investments will be able to claim a higher exemption from the income tax on Box 3 assets. All told there are about 15 different changes coming into effect next year, and nearly all of them will affect a person's net earnings and tax payments in 2021.
A 12 percent increase on the tax airline passengers pay when flying from Dutch airports, a change in the tax scheme on car purchases, and a tax discount for those buying an electric car with solar panels are among the seven different changes coming into effect next year. Classic car fans with a love for cars made before 1971 will no longer have to get their vehicles inspected.
Read more at:
60 new laws & rules take effect in the Netherlands from January 1 | NL Times
The Future Is Here Today
Where Business, Nature and Leisure Provide An Ideal Setting For Living
Showing posts with label 2021. Show all posts
Showing posts with label 2021. Show all posts
December 31, 2020
August 20, 2020
The Netherlans: Dutch economy expected to grow again next year, Covid-19 effects to linger
The Dutch economy will shrink by 5.1 percent this year, but recovery will start at the end of the year and in 2021 the economy will grow b3.2 percent, according to central planning office CPB's draft-macroeconomic foresight studies. The effects of the Covid-19 crisis will linger, however, with unemployment rising to 7 percent next year.
The CPB expects all parts of the economy to recover somewhat nextyear. Household consumption will decrease by 5.9 percent this year, and increase by 4.1 percent next year. Investments will go from -7.5 percent his year, to plus 4.4 percent next year. Exports will decrease by 5.2 percent this year, but increase by 4.7 percent next year, and imports will go from -3.7 percent this year to plus 5.4 percent in 2021. Government consumption is the only factor that won't see a decrease this year. It is expected to increase by 2.9 percent this year and by 2.0
percent next year.
CPB director Pieter Hasekamp told NOS that the coronavirus blow to the Dutch economy is "unprecedentedly hard" and "largely yet to befelt". "The corona crisis also has major consequences or things that affect the quality of life: we miss celebrating a wedding oranniversary, the theater and concert stages are empty, and there are serious concerns about loneliness in nursing homes."
Read more at:
Dutch economy expected to grow again next year, Covid-19 effects to linger | NL Times
The CPB expects all parts of the economy to recover somewhat nextyear. Household consumption will decrease by 5.9 percent this year, and increase by 4.1 percent next year. Investments will go from -7.5 percent his year, to plus 4.4 percent next year. Exports will decrease by 5.2 percent this year, but increase by 4.7 percent next year, and imports will go from -3.7 percent this year to plus 5.4 percent in 2021. Government consumption is the only factor that won't see a decrease this year. It is expected to increase by 2.9 percent this year and by 2.0
percent next year.
CPB director Pieter Hasekamp told NOS that the coronavirus blow to the Dutch economy is "unprecedentedly hard" and "largely yet to befelt". "The corona crisis also has major consequences or things that affect the quality of life: we miss celebrating a wedding oranniversary, the theater and concert stages are empty, and there are serious concerns about loneliness in nursing homes."
Read more at:
Dutch economy expected to grow again next year, Covid-19 effects to linger | NL Times
Subscribe to:
Posts (Atom)