What taxes do I pay as a sole proprietor?
What taxes do you pay as a sole proprietor? Read all about taxes and deductions for sole traders here.
As an entrepreneur with staff, you have to deal with issues related to wage taxes. Wage tax is the tax deducted from an employee's salary. The employer pays this tax directly to the tax authorities.
The income tax/levy consists of the components: wage tax, national insurance contributions, employee insurance contributions and an income-related contribution for the Health Insurance Act. Together, these make up income tax.
Before an employee is employed, the employer must register with the Tax Administration. After that, you will receive a wage tax number to file the wage tax return. As entrepreneur and employer, you file the wage tax return. Belastingadviseur Eindhoven also takes care of the registration with the Belastingdienst, should you want help with that.
Tax credits are reductions in wage taxes. As a result, you have to pay less tax for the employee to the tax authorities. In any case, you have to take into account the general levy rebate and the labour rebate. Je dient de korting toe te passen aan de hand van het formulier ‘Model tax return for wage taxes’. You can download the levy rebate form here.
What tax credits are available?
Do you hire staff through an intermediary? Then the intermediary must pay the wage taxes for these staff. If they fail to do so, the tax authorities may hold you liable. A contractor who outsources his work to a subcontractor is also responsible for paying his wage tax or national insurance contributions.
Door heffingskortingen hoef je minder belasting te betalen. Heffingskortingen zijn kortingen op de inkomstenbelasting en premie volksverzekeringen. Hierdoor betaal je minder belasting en premies.
In de onderstaande tabel kunt u de berekening van deze heffingskorting zien, samen met de wijzigingen vanaf 2024.
Belastbaar inkomen uit werk en woning 2023 | Algemene heffingskorting 2023 | Belastbaar inkomen uit werk en woning 2024 | Algemene heffingskorting 2024 |
tot € 22.661 | € 3.070 | tot € 24.813 | € 3.362 |
vanaf € 22.661 tot € 73.031 | € 3.070 − 6,095% x (belastbaar inkomen uit werk en woning – € 22.660) | vanaf € 24.813 tot € 75.518 | € 3.362 – 6,630% x (belastbaar inkomen uit werk en woning – € 24.812) |
vanaf € 73.031 | € 0 | vanaf € 75.518 | € 0 |
The labour rebate is the levy rebate you get when you work. The amount of the labour rebate depends on age and the amount of working income. From 2023, the payment of the labour rebate to the least-earning partner will cease.
In 2023 is de maximale arbeidskorting € 5.052 (was € 4.260 in 2022). Vanaf een inkomen van € 37.697 (was € 36.650 in 2022) wordt de arbeidskorting steeds lager. Het afbouwpercentage bedraagt 6,51% (was 5,86% in 2022). Let op: het kabinet verhoogt de arbeidskorting en introduceert een ander opbouwtraject. Vanaf 2024 Is deze korting weer aangepast. De wijzigingen zijn als volgt:
Belastbaar inkomen uit werk en woning 2023 | Labour rebate 2023 | Belastbaar inkomen uit werk en woning 2024 | Arbeidskorting 2024 |
tot € 10.741 | 8,231% x arbeidsinkomen | tot € 11.491 | 8,425% x arbeidsinkomen |
vanaf € 10.741 tot € 23.201 | € 884 + 29,861% x (arbeidsinkomen – € 10.740)
| vanaf € 11.491 tot € 24.821 | € 968 + 31,433% x (arbeidsinkomen – € 11.490) |
vanaf € 23.201 tot € 37.691 | € 4.605 + 3,085% x (arbeidsinkomen – € 23.201) | vanaf € 24.821 tot € 39.958 | € 5.158 + 2,471% x (arbeidsinkomen – € 24.820) |
vanaf € 37.691 tot € 115.295 | € 5.052 – 6,510% x (arbeidsinkomen – € 37.691) | vanaf € 39.958 tot € 124.935 | € 5.532 – 6,510% x (arbeidsinkomen – € 39.857) |
vanaf € 115.295 | € 0
| vanaf € 124.935 | € 0 |
Do you have a tax question about staff or personal income? Or would you like to outsource the company's payroll to a payroll agency? If so, get in touch for an introduction.
What taxes do you pay as a sole proprietor? Read all about taxes and deductions for sole traders here.
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