Taxes
Corporate tax
The standard corporate tax band and rate will stay the same in 2024. This means corporate profits up to €200,000 will be taxed at the standard rate (19%), with any profits above that level being taxed at 25.8%.
Substantial shareholding
Shareholders with a substantial holding (5% or more) in a company will be taxed at 24.5% on income of up to €67,000, while any profit distributions and dividends above that level will be taxed at 31%.
SME profit exemption
The profit exemption for SME businesses will go down from 14% to 12.7% so as to reduce the difference in the income-tax treatment of employees and entrepreneurs. This will mainly impact on higher-earning entrepreneurs, who will now pay tax on a larger share of their profits or income.
Self-employed allowance
The annual allowance for self-employed contractors is being reduced from €5,030 to €3,750. This means entrepreneurs paying income tax will pay more. However, the tax credits and bands for 2024 are being indexed at 9.9%, which is higher than before and so represents a tax reduction for entrepreneurs.Belastingen
End of income tax discount
Until now, entrepreneurs paying provisional tax assessments in a single instalment got a discount. But this will end in 2024.
