The Netherlands

(Rates 01/01/2000)

• Income tax: Progressive tax rate from 33.9 % to 60 %

            taxable income                                                marginal tax rate  

                       1 -   15,255 HFL                                         33.90 % ¹

              15,256 -   48,994 HFL                                         37.95 % ²

              48,995 - 107,756 HFL                                         50.00 %

                  above 107,756 HFL                                         60.00 %

              ¹ The rate of 33.9 % also includes social security contributions of 29.4 %.

                 For employees not liable to the Dutch social security system the marginal tax rate

                 is 4.5 %.

              ² The rate of 37.95 % also includes social security contributions of 29.4 %.

                 For employees not liable to the Dutch social security system the marginal tax rate

                 is 8.55 %.

• Corporate income tax: 35 %

         Reduced corporate income tax of 30 % if taxable profit is less than 50,000 HFL

• Trade tax: none 

• Value added tax:  6 % (reduced), 17.5 % (general)

Social Security contributions:

In addition to the social security contributions included in the tax rates the following contributions will come due:

For employee:

General social security contribution: 6.25 % 

disability insurance: %

health insurance (only if employee earns less than HFL 64,400/year): 1.75 % 

Ceiling amounts: None

For employer:

General social security contribution: 4.85 % 

disability insurance: 6.30 %

health insurance (only if employee earns less than HFL 64,400/year): 6.35 %

Ceiling amounts: None