On 20 September, the Dutch Government presented their key plans and the distribution of the national budget for the coming year. This blog provides an overview of how a selection of these plans may affect employers and employees in The Netherlands
On 20 September, the Dutch Government presented their key plans and the distribution of the national budget for the coming year. This blog provides an overview of how a selection of these plans may affect employers and employees in The Netherlands.
Currently, the minimum wage is 1.756,20 EUR gross per month on the basis of full time employment. On 1 January 2023, minimum wage will increase by 10,15%. This increase is more than initially anticipated due to exceptionally high inflation. Employment-related benefits and state pension benefits will increase at the same rate.
The tax exemption for a work from home allowance will be increased from 2,00 EUR to 2,13 EUR in 2023.
Furthermore, the Government has proposed to increase the tax exemption for travel allowances from 0,19 EUR to 0,21 EUR per kilometre from 1 January 2023, and to 0,22 EUR from 1 January 2024.
Income taxes will be reduced, resulting in an increase in employees' net income.
The Member States of the European Union are currently negotiating a directive on wage transparency.[1] In anticipation of this, the Cabinet will prepare the Dutch elaboration of this proposal, as wage...
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