Income Tax in The Netherlands - Total Tax

Total Tax

The total tax is the sum of the taxes in the three boxes, minus EUR 2,043 (less for 65+), a tax credit not to be confused with a tax deduction; see also Heffingskorting (in Dutch)http://nl.wikipedia.org/wiki/Heffingskorting. The resulting amount of tax may be less than zero, in which case the amount is paid out, provided that one has a spouse and the tax of both together is not less than zero.

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