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Netherlands: Lower house passes 2025 Tax Plan with amendments

The upper house is scheduled to debate the 2025 Tax Plan package in the coming weeks.

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November 18, 2024

The lower house of Parliament on November 14, 2024, passed the 2025 Tax Plan package that concerns various tax bills.

The 2025 Tax Plan and the Business Succession Tax Relief (Amendment) Act 2025 were passed with various amendments:

  • The proposed anti-fragmentation measure for the generic interest deduction limitation was removed.
  • The budget for the R&D tax credit (WBSO) subsidy would be increased by €100 million.
  • The discretionary margin in the first bracket of the work-related costs rules would be increased.
  • The rules for the deduction of donations and gifts in corporate and individual (personal) income tax would be retained and expanded, respectively.
  • Changes to business succession tax relief would be subject to approval by the European Commission.
  • Single-income households would benefit from a measure starting January 1, 2028, allowing the unused part of the general tax credit of the non-earner/low earner to be transferred to the working single-earner.

Several motions were also adopted, including the presentation of an alternative to the increase in value added tax (VAT) rate on culture, sports, and media; further elaboration of tax schemes for share options for start-ups and scale-ups; examination of qualified refundable tax credits (QRTCs); and problems regarding qualification policy and mutual funds.

The upper house of Parliament is scheduled to debate the 2025 Tax Plan package in the coming weeks, with a vote scheduled for December 17, 2024.

Read a November 2024 report prepared by the KPMG member firm in the Netherlands

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