I will be moving to Hilversum from the UK towards the end of the year. I have never worked in The Netherlands before and would like to know how much tax I will be paying.
Wage taxes in The Netherlands are progressive. This means that wage taxes are deducted from your gross pay at different percentages depending on your income level and age. Social contributions are also contained within your wage tax bracket. Your employer will deduct these taxes and social security contributions on your behlaf and forward them to the Belastingdienst (Dutch tax authorities).
The 2013 wage tax and social security contributions are as follows:
|Band||Taxable wages||Younger than 65 years 1 month||65 years 1 month or older; born in 1946 or earlier|
|1||€ 0 – €19,645||37.00%||19.10%|
|2||€19,646 – €33,363||42.00%||24.10%|
|3||€33,364 – €55,991||42.00%||42.00%|
|4||€55,992 or more||52.00%||52.00%|
For example, if you are aged 25 years and have a gross pay of €40,000 per year, wage taxes and social contributions will be deducted at 37.00% on the first €19,645, 42.00% on the next €13,718 and 42.00% again on the remaining €6,637
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