Prinsjesdag 2024 - Budget Day in the Netherlands
What are the government's plans for 2025?
The Dutch government has announced its Prinsjesdag plans for 2025. You will find the Budget Day plans that affect businesses in English in this overview.
Changes announced during Prinsjesdag 2024
Business taxes
- Conditions for business succession scheme BOR will change
- Business succession and transfer schemes BOR and DSR only for a minimum stake of ordinary shares
- Less income tax in box 2 for substantial business interest
- Energy tax on natural gas reduced in 2025
- Property transfer tax on housing investments down to 8% in 2026
- SME profit exemption reduced to 12.7% in 2025
- Deduction of donations from corporate income tax discontinued in 2025 (withdrawn)
- Income tax brackets and rates to change
Culture, amusement, sports, and media
Environmental impact
Staff
- 30% ruling: compensation for expats down to 27%
- Overtime limit extended for permanent contracts
- Low-income benefits (LIV) to be abolished in 2025
- Offering work to people with an occupational disability will be easier
- Transition payment compensation only for small employers
- No more labour costs compensation (LKV) for older persons
About Prinsjesdag
The third Tuesday in September is traditionally known as Prinsjesdag in the Netherlands. On Prinsjesdag, or Budget Day as it is known in many countries, King Willem-Alexander gives the Speech from the Throne. This speech sums up the state of the nation and outlines the government's plans for the coming year. After the Speech, the Minister of Finance presents the chair of the House of Representatives with the National Budget (Rijksbegroting) and the Budget Memorandum (Miljoenennota). These documents describe how the government will carry out its plans, and how much budget is allotted to each plan.
Why Prinsjesdag matters to businesses
Preparation is essential when doing business. The plans announced on Prinsjesdag usually come into effect on 1 January. So businesses have just over 3 months to consider the upcoming changes and adjust their plans and forecasts. Changing tax benefits, incentives, excise duties, and other new measures have a varied impact depending on your situation. The sooner you know what to expect for your business, the sooner you can act.
What can you expect from Business.gov.nl for Prinsjesdag?
The Dutch and English teams from Business.gov.nl and Ondernemersplein read the Prinsjesdag documents published by the Dutch ministries. Our goal is to find all of the proposed legislative changes that affect businesses. We write and publish the details of these changes as amendments. Each amendment is shown on this page as soon as it is ready.
Every Prinsjesdag is different. The first information goes live on our websites by the end of Tuesday afternoon. We are usually still busy publishing amendments through Tuesday evening and all of Wednesday. And in years where there are a lot of announcements for businesses, we may also publish more information on Thursday. Through all of this, our social media team will be busy sharing news, highlights, and videos on LinkedIn and Instagram.
More information about Budget Day
Ondernemersplein and Business.gov.nl bring you all the factual updates on new laws and amendments announced on Prinsjesdag. To read more on how the proposed changes will affect businesses, visit the KVK Prinsjesdag page, follow them on social media, or sign up for one of their newsletters.
More English-language information about the tradition of Prinsjesdag is available on Government.nl. And finally, the official Prinsjesdag documents are published on Rijksoverheid.nl. These are all in Dutch.
Changes in law and regulations in 2024 so far
Questions relating to this article?
Please contact the Netherlands Enterprise Agency, RVO