As of the 1st of January the Dutch government will introduce new tax rules. We gladly show you some fiscal novelties and inform you on changes that may affect your personal finance.

The Dutch economy grew 0.7% in the third quarter of 2016, while the unemployment rate is at its lowest since 2012. Stable growth figures that illustrate Dutch economic recovery.

With the household budget in order, the eye of the Dutch government is on strengthening the labour market and catalysing consumer buying behaviour. 

About 90% of all people in the Netherlands will have 1% more buying power in 2017. The general tax credit and labour tax credit go up.

As a part of these tax revisions young people at the age of 21 years will receive full pay.

Stimulating the Dutch knowledge economy

On a more abstract level, the Dutch government is inspiring foreign companies to extend R&D investments in the Netherlands with alteration of the ‘Innovation Box’.

In 2017 several measures will be introduced to promote knowledge-related migration in the Dutch knowledge economy. The government will be introducing arrangements for the international working community, which allows a more flexible authorization for carrying out activities by third country nationals.

Additionally, new regulations are aimed to facilitate knowledge migrants, scientists and students in entrepreneurial activities and/or participation in innovative start-ups, alongside their work.

Healthcare and pension

The Dutch healthcare and pension system is comprehensive.

The health insurance premium increase in 2017 is reduced at about € 3 per month. The deductable (own risk) will remain the same as last year.

Starting in 2017, the government will invest € 200 million for enhancing the accessibility and quality of day care.

The Dutch government is planning to introduce an individualised pension plan that takes account of changes in the labour market. The year 2020 is marked as target for realising a new national pension scheme.

In 2017 the retirement age (AOW-gerechtigde leeftijd) will be 65 years and 9 months (2018: 66 years, 2021: 67 years).

More on Healthcare insurance? Check out these special pages or compare Dutch health insurance providers here.

For a look at the Dutch Tax Plan 2017 (Belastingplan 2017) please visit the website of the Ministry of Finance (Dutch).

Entrepreneur and interested in investing in Dutch research? Visit the WBSO (R&D taks credit) of the Ministry of Economic Affairs.