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Netherlands Repealing New Job-Related Investment Tax Credit (BIK)

|Approved Changes|Netherlands
Netherlands

The Dutch Ministry of Finance has announced that the new job-related investment tax credit (BIK) will be withdrawn with retroactive effect from 1 January 2021. The BIK, which was just introduced in 2021, was meant to promote investment by providing a credit that could offset the payment of salaries tax and national insurance (social security) contributions. It has been decided to withdraw the …

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