Prinsjesdag 2023 - Budget Day in the Netherlands
What are the government's plans for 2024?
The Dutch government announced its plans for 2024 on Prinsjesdag, on 19 September 2023.
This page is an English-language overview of all the Prinsjesdag plans that may affect you as a business owner. No matter if you are a self-employed professional, an SME owner, or another type of entrepreneur
The proposed changes to the law are published below.
What is the impact on businesses and entrepreneurs?
Attention: These measures are still subject to approval
The plans announced on Prinsjesdag still have to pass through the House of Representatives and the Senate (Tweede en Eerste Kamer), and only become official when declared an Order in Council (Algemene Maatregel van Bestuur, AMvB) or ministerial decree and after publication in the Staatsblad or the Staatscourant.
Taxes
- Business succession scheme (BOR) and transfer scheme (DSR) will only apply for business assets
- Inheritance tax threshold up for companies that use BOR
- Tax system of Caribbean Netherlands will be more like Dutch system
- Minimum fee CO2 emissions to increase for industrial companies
- Compensations for objection against WOZ and bpm to be paid directly to objector
- Stricter conditions BOR and DSR for business continuation
- Less income tax on money in third-party account
- Private business ownership allowance lowered further
- Payment discount provisional income tax assessment abolished
- Offering tax-free public transport card becomes easier for employers
- Excise duty on tobacco to go up extra in April 2024
- Energy tax going up for greenhouse farming
- Fixed rate bpm going up
- Tax-free travel allowance increases
- New withholding tax on dividend flows to tax havens
- More options for reinvestment reserve (HIR)
- Motor vehicle tax (mrb) for post-1988 old-timers
- Higher consumption tax on non-alcoholic drinks
- Energy tax refund for heavy industry to end
- Excise duty on alcohol goes up in 2024
- Fuel surcharge for cars on specific types of natural gas to go up
- SME profit exemption reduced to 12.7%
- Energy Investment Allowance (EIA) extended and tax deduction rate reduced
- Property transfer tax due on property purchased through share deals
- Higher excise duty on heating oil
- Box 3 rate up faster and tax-free amount remains the same
- Deduction of donations in corporate income tax (vpb) changes - rejected
Staff
Sustainable business
International business
Changes in law and regulations in 2023 so far
Stay informed
About Prinsjesdag
The third Tuesday in September is traditionally known as Prinsjesdag in the Netherlands. On Prinsjesdag, or Budget Day as it is called abroad, King Willem-Alexander gives the Speech from the Throne. This speech sums up the state of the nation, and outlines the government 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 government is going to execute its plans, and how much budget is allotted to each plan.
Find the official 2023 Prinsjesdag documents on Rijksoverheid.nl (in Dutch). More information about Prinsjesdag is available on Government.nl.
Questions relating to this article?
Please contact the Netherlands Enterprise Agency, RVO