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With the departure of the PVV from the coalition, the Schoof government has fallen. Politically, this is a big blow, but what are the consequences for business owners and taxpayers? Especially on the tax front, this situation raises questions. What will change in 2025 and what should entrepreneurs take into account?
For the current fiscal year, the effects are limited for now. Almost all of the measures for 2025 have already been enacted and approved by the Senate. This means that the rate on the lowest income section has been lowered to 35.82 percent, the labor tax credit has been slightly increased, and the self-employment deduction has been further reduced to 2,470 euros.
The stricter approach to false self-employment will continue as of Jan. 1, 2025. The tax-free amount in box 3 will also remain at €57,000 and the rate will remain at 36 percent. For entrepreneurs, therefore, little will change in the short term.
In addition, some previously decided measures simply remain in effect. The SME profit exemption remains at 12.7 percent, the high Box 2 rate drops to 31 percent, and there are excise tax cuts on fuel. The energy tax on natural gas also drops slightly, giving households some benefit.
In the coming weeks, the House of Representatives will determine which issues will be declared controversial. This means that these files will be put on hold until a new cabinet is formed. Whether the reform of box 3 falls under this is not yet clear. Many tax experts expect not. Due to the broad political consensus on the unsustainable nature of the current box 3 system, there is a good chance that reforms in this area will go ahead anyway.
There are also bills that are less politically sensitive or stem from international obligations, such as the implementation of the DAC9 Directive, legislation around minimum taxes and the Carbon Border Adjustment Mechanism.
Still, the uncertainty has not gone away. The fall of the cabinet makes major reforms, such as revising the benefits system or fully adjusting Box 3, less likely in the short term. As long as there is no new cabinet, these decisions will be pushed forward. That puts entrepreneurs and investors in a wait-and-see position.
Budget Day 2025, scheduled for Sept. 16, is expected to be austere. The caretaker government may not present any new major policy changes. The Budget Memorandum will be limited to the 2026 budget, with no major plans. The Throne Speech will mainly confirm what has already been initiated.
On April 25, however, the Tax Policy and Implementation Agenda 2025 was presented to the House of Representatives. This contains an overview of legislative proposals to become part of the 2026 Tax Plan. But chances are that many of these proposals will be held until a new cabinet is in place.
Questions about the impact on your business? &advice helps you further
For many business owners, little will change in 2025. But tax uncertainty toward 2026 is increasing. Are you unsure about how this affects your business or want to anticipate possible changes to Box 2, Box 3 or other tax regulations in a timely manner?
&advice supports entrepreneurs in making informed fiscal choices, even in times of political uncertainty. Together we ensure clarity and grip, so you are not surprised by changes afterwards.
Contact us for a no-obligation consultation. We are happy to think with you.