2021 Budget shows more tax cuts; investments in housing, sustainability

NL Times | Sep 15, 2020 at 5:23 PM
  • Finance Minister Wopke Hoekstra presented the national budget for 2021 to the Tweede Kamer, the lower house of Dutch parliament, on Tuesday afternoon.
  • The lowering of the low corporate tax rate will continue as planned, lowering this rate from 16.5 percent to 15 percent.
  • The existing action program focused on reducing workload, reducing administrative burdens, more autonomy, more participation, and a better perspective on development and promotion, will be expanded The cabinet is pushing 20 million euros extra into this program next year, and that will increase to an annual 130 million euros from 2023.