Are you eligible for the private business ownership allowance (zelfstandigenaftrek)? The amount you can deduct annually from your profits will be reduced sooner and more: from €6,310 in 2022 to €900 in 2027.
The private business ownership allowance was already being reduced in stages, eventually dropping to €1,200 in 2030. This amount is now going to be reduced sooner and more. In 2023 it will be reduced to €5,030, dropping further to €1,200 in 2026, and €900 in 2027.
When the private business ownership allowance is lowered, you pay more tax. With this tax measure, the government wants to narrow the gap between the self-employed and employees.
- Self-employed entrepreneurs that are eligible for the private business ownership allowance.
It is expected this change in law will come into force on 1 January 2023.
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).