SME profit exemption reduced to 13.31%

What has changed?

The SME profit exemption for small and medium-sized enterprises is reduced in 2024. Are you self-employed or an SME entrepreneur? And are you an entrepreneur for income tax purposes? Then you pay more tax on the profits you make in 2024. You may deduct 13.31% SME profit exemption from your profits on your income tax return. Before, this was 14%.

For whom?

• Self-employed individuals and SME entrepreneurs who pay income tax, and therefore have a legal form without a legal personality (such as a sole proprietorship, vof, or partnership).

When?

The change in law has taken effect on 1 January 2024.