What changes?
Are you entitled to the private business ownership allowance? The amount you can deduct from your profits has been lowered every year since the law was changed in 2022. In 2023, the private business ownership allowance is €5,030. In 2024, the private business ownership allowance goes down to €3,750. You pay more tax when the private business ownership allowance is lowered.
The amount of the private business ownership allowance in the following years:
- 2024: €3.750
- 2025: €2.470
- 2026: €1.200
- 2027: €900
This change in the law was announced earlier. This is the adjustment for 2024.
For whom?
Self-employed professionals who are entitled to the private business ownership allowance.
When?
The change in law is expected to enter into effect on 1 January 2024.
Please note: The effective date of this measure is not yet final. Entry into force is subject to its passing through the Upper and Lower Houses (Eerste en Tweede Kamer) of parliament or proclamation of the Order in Council (Algemene Maatregel van Bestuur, AMvB) or ministerial decree and publication in the Staatsblad or Staatscourant (Government Gazette, in Dutch).