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.

Read more about this topic:  Income Tax In The Netherlands

Famous quotes containing the words total and/or tax:

    The only way into truth is through one’s own annihilation; through dwelling a long time in a state of extreme and total humiliation.
    Simone Weil (1909–1943)

    Change of fashion is the tax levied by the industry of the poor on the vanity of the rich.
    —Sébastien-Roch Nicolas De Chamfort (1741–1794)