Tax Changes in 2017

Since White November International Contracting has been operating in 11 jurisdictions, we would like to give you an overview about changes in taxes in 2017 relevant for our jurisdictions. In the beginning of 2017 some countries changed their tax or social security deductions and rules. Main changes are relevant to Sweden, the Netherlands, Luxembourg, Ireland, Denmark, France and Germany.

Tax Changes in Sweden

According to new rules, it is possible to deduct a basic allowance of between SEK 13 200 and SEK 34 500 on taxable earned income (employment and business activity), if having unlimited tax liability for the whole year. Further changes valid for 2017 are as below:

  • State income tax is 20% of that part of taxable earned income tax exceeds SEK 438 900
  • Further 5% state tax for income that exceeds SEK 638 500

Source

Read more about Taxes in Sweden.

 

Tax Changes in the Netherlands

In case of the Netherlands taxation, there have been made following changes in National Insurance premiums – 27.65% in total.

  • National insurance, which is divided in AOW (General Old-age Pensions Act ): 17.9%, ANW (General Surviving Relatives Act): 0.6% and Wlz (Act on long-term care): 9.65%, only has to be paid with an income of less than 33,791€

National Insurance rates valid for 2017:

Income Tax per bracket  National insurance
0€ – 19,982€ 8.90% 27.65%
19,982€ – 33,791€ 13.15% 27.65%
33,791 – 67,072€ 40.80%
67,072 – 52%

Source

Learn more about Taxes in the Netherlands.

 

Tax Changes in Luxembourg

Tax Reform had passed in Luxembourg for 2017. New law brought some proposed changes of adding two more categories of taxable income brackets.

Taxable income in Brackets Tax rate
150,000€ – 200,004€ 41%
200,004€ – 42%

Source

Know more about Taxes in Luxembourg.

 

Tax Changes in Ireland

There are several changes applied in Tax System of Ireland for 2017. Depending on relationship status the taxes vary from 20% to 42%. Please see following changes:

Not married Married
With children
  • Income up to 32,000€ taxed at 20%
  • Income more than 32,000€ taxed at 42%
Both are employed | only one in employed

  • Income up to 37,000€ taxed at 20%
  • Income more than 37,000€ taxed at 42%
Without children
  • Income up to 28,000€ taxed at 20%
  • Income more than 28,000 taxed at 42%
Both are employed | only one in employed

  • Income up to 37,000€ taxed at 20%
  • Income more than 37,000€ taxed at 42%

Source

Learn all you need to know about Irish Income Tax.

 

Tax Changes in Denmark

Tax system in Denmark has applied  a change of the health contributions, which decreased from 3% to 2% and will be phased out until 2019.

Please see are following changes for Denmark in 2017.

  • Personal allowance (over 18. Year) 000 DKK
  • Bottom-bracket tax 08%
  • Health contribution 2%
  • Lower limit for top-bracket tax (after deduction of labour market contribution from income) 600 DKK
  • Progression limit for share income 700 DKK

Source

Know more about Taxes in Denmark.

 

Tax Changes in France

There were following changes in Taxable Income brackets in France.

Taxable Income Tax
0 – 9,710€ 0%
9,710€ – 26,818€ 14%
26,818€ – 71,898€ 30%
71,898€ – 152,260€ 41%
152,260€ – 45%

Source

Learn more about Taxes in France.

 

Tax Changes in Germany

With regard to changes in Tax system in Germany, mainly the tax allowances increased as stated below:

Married Not Married
0€ – 17,640                                                                 0% 0€ – 8,820€                                                                  0%
17,641€ – 108,114€                                      14% to 46% 8,821€ – 54,057€                                         14% to 41%
up to 512,606€                                                         42% up to 256,303€                                                         42%
over 512,600€                                                          45% over 256,304€                                                           45%

Source

Learn more about German Income Tax.

 

How can White November help you?

 

As your partner in the contracting journey, we are committed guide you through this process  and ensure you are fully registered and compliant with tax authorities throughout your contracting career. Fill a contact form, email us info@wnic.eu or call us +356 2010 6000.