After the disastrous year of 2020, the business world can do with some good news. Unfortunately, the year has not got off to a good start, with the lockdown hitting many businesses hard again. An extension of the corona support measures plus a number of new measures are much needed. Nevertheless, tax-wise there are a few rays of hope in 2021. For example, the income tax rate will go down from 37.35% to 37.1% and a much higher exemption for assets will apply in box 3 of € 50,000. BVs (close corporations under Dutch law) can also count on some positive news. The lower VPB (corporation tax) rate will fall from 16.5% to 15% and the tax bracket for this rate has also been extended,rising from € 200,000 to € 245,000.
In addition, it has been decided to lift restrictions on the tax losses carried forward in the VPB, although losses can only be claimed fully as tax credit up to € 1 million. Any excess of € 1 million can only be claimed up to 50%. This year, BIK (job-related investment credit) will also be introduced. The new scheme may provide you with considerable credit on payroll taxes. In this edition you will find more rates for 2021.