Tax changes of 2022
In the Netherlands, tax changes are made every new year. Recently, the Tax Plan of 2022 is approved, which provides an overview of the tax plans for the new year. In this article, we list the most important tax changes of 2022.
Working from home allowance
Working from home has become the standard due to the corona crisis. But as an employee, you will incur extra costs as a result. Think of gas, water, electricity, coffee, tea, etc. As of the 1st of January, 2022, your employer may give a tax-free allowance of € 2 per working day to compensate for these costs.
Study costs no longer deductible
From January 1st, 2022, your study costs will no longer be deductible. The government has come up with an alternative: the STAP budget, in which you can apply for a maximum of € 1,000 for development and schooling.
Lower tax rate
The tax rate for your income up to € 69,398 (basic rate, first tax bracket) will be slightly reduced in 2022 from 37.10% to 37.07%. The second tax bracket for income above €69,398 remains the same (49.50%).
Deduction rate down
In 2021, the rate for deductible items was 43%, but in 2022, this rate will decrease to 40%. This rate only affects if your income falls in the second bracket (more than €69,398). Think of deductible items, such as the mortgage interest deduction, self-employed deduction, and personal deductions.
Box 3 changes
One of the tax changes is the change in box 3. If you have savings and/or investments, this information can be useful.
- Tax-free capacity. This will be increased from €50,000 in 2021 to €50,650 in 2022.
- Notional return. These are adjusted to the average returns achieved on savings and investments, which reaches the following amounts:
- Return on savings from 0.03% to -0.01%
- Return on investments from 5.96% to 5.53%
- Tax rate remains the same (31%).
Gift tax exemptions
In 2021, the annual gift exemptions were increased once by € 1000. In 2022, this will no longer be the case, and the exemption will be reduced:
- For a child: from € 6,604 in 2021 to € 5,677
- Other recipients: from € 3,244 in 2021 to € 2,274
Attention entrepreneurs: reduced self-employed deduction
To reduce the gap between employed and self-employed people, the self-employed deduction will step-by-step be reduced to € 3,240 in 2036. In 2022, the self-employed deduction will be reduced from € 6,670 in 2021 to € 6,310 in 2022.
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To reduce the gap between employed and self-employed people, the self-employed deduction will step-by-step be reduced to € 3,240 in 2036. This year, the self-employed deduction will be reduced from € 6,670 in 2021 to € 6,310 in 2022.