Prinsjesdag: will the government implement these plans for entrepreneurs?

  • The basis
  • 12 June 2024
  • Edited 17 September 2024
  • 1 min
  • Rules and laws

A new government also means new plans for 2025, many of which will affect entrepreneurs. The government will announce its plans on Budget Day (Prinsjesdag), Tuesday, 17 September 2024. 

All about Prinsjesdag 2024

Prepare for Budget Day in the Netherlands. Visit our Prinsjesdag homepage to learn more about the day itself and what you can expect to find on KVK.nl and Business.gov.nl.

After the November 2023 elections, the coalition government led by Prime Minister Dick Schoof took office on 2 July 2024. Four parties make up the coalition. The Freedom Party (PVV), the People’s Party for Freedom and Democracy (VVD), the New Social Contract (NSC), and the Farmer-Citizen Movement (BBB). 

On Budget Day, the new cabinet will announce its plans for 2025. What that will mean for businesses and organisations is not yet entirely clear. The coalition agreement made by the 4 parties already includes plans that are important for entrepreneurs. Whether the government will turn these plans into policy on Budget Day is still unclear.

Lower taxes for businesses 

The Schoof government wants to partly reverse the planned reduction of the SME profit exemption. The proposal is to set it at 12.7%, instead of 12.03%.

Also, the increased tax rate in box 2 of income tax will go down after 2024, the coalition agreement states. This is important for shareholders of bv's (private limited companies) and nv’s (public limited companies). In addition, childcare for working parents should become almost free and there will be stricter requirements for highly skilled migrants. 

Excise duty and VAT

The agreement states that the government will extend the temporary reduction in excise duty on fuels until 2025. This will benefit road users with combustion engines. The introduction of zero-emission zones may be postponed. These are currently set to take effect from 2025.

From 2026, the cabinet wants to increase VAT on short-term (holiday) accommodation (hotels, guesthouses, and other holiday rental accommodation, excluding camping sites) and on most sporting and cultural events from 9% to 21%.

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