Dutch Budget and Tax Plan for 2021 Presented

On 15 September 2020, the Dutch Budget for 2021 was presented, which includes the Tax Plan for 2021. Key points of the Tax Plan include the following, which are to generally apply from 1 January 2021, subject to approval:

• The planned reduction in the higher corporate tax rate is scrapped and will remain 25%;
• The lower corporate income tax rate will be reduced from 16.5% to 15.0%, with an increase in the lower rate threshold from EUR 200,000 to EUR 245,000 in 2021 and a further increase to E…