1. What is the Income Tax Return?
The income tax return is the tax paid on income earned during a fiscal year, which in the Netherlands runs from January 1 to December 31. This tax includes income from work, business activities, investment returns, and other various income. The return allows the state to calculate the amount of tax owed or to be refunded based on the taxpayer’s income and deductible expenses. It will take place between March and April 2025.
2. Structure of the Tax System in the Netherlands in 2024
The tax system in the Netherlands is organized into three main categories, known as Boxes, which group different types of income subject to different tax rates. It will take place between March and April 2025.
Box 1: Income from work, self-employment, and housing
For income up to €75,518, a rate of 36.97% applies.
For income over €75,518, the rate increases to 49.50%.Box 2: Income from dividends on shares in a company
Applies to dividends from companies where at least 5% of shares are owned, whether domestic or foreign.
Up to €67,000, the rate is 24.50%.
From €67,000 onwards, the rate is 33.00%.Box 3: Income from assets, savings, and investments
Income from assets such as properties, savings, investments, cryptocurrencies, etc., with a balance recorded on January 1, 2024.
The first tranche of €57,000 for single persons and €114,000 for tax partners is tax-free. Any amount that exceeds this is taxed at 36%.
3. Deductible Expenses in the Income Tax Return
Certain expenses can be deducted to reduce the tax burden on the income tax return in the Netherlands. These deductible expenses include:
- Health expenses: Costs for disabilities or medical expenses not covered by insurance.
- Home ownership: Deductions for mortgage interest and expenses associated with purchasing a property in the Netherlands.
- Transport: Transportation costs if you live more than 10 km from your workplace and travel more than one day a week.
- Personal debts: Negative balance in bank accounts, debts to finance a second home, and bank loans.
4. Types of Forms for the Tax Return
Depending on your situation, you will need to use a specific form to submit your tax return:
- Form M: For those who immigrate or emigrate from the Netherlands at any point during the year.
- Form P: For those registered as residents for the entire fiscal year (January 1 to December 31).
- Form C: For those who are not residents (temporary RNI) for the entire fiscal year.
- Form F: This is the declaration form for deceased persons.
5. When Am I Required to File the Income Tax Return in 2024?
The income tax return for the year 2024 must be submitted between March and April 2025. You are required to submit it in the following cases:
If you received an invitation letter from the Belastingdienst (Dutch Tax Agency). The letter will specify a submission date, and failing to meet it could result in a fine.
If you did not receive an invitation letter but owe more than €52 or are entitled to a refund of at least €17 in taxes. Although you have up to five years to submit the return in this case, filing late could delay processing by up to 36 months.
6. Necessary Documents for the Tax Return
To complete the tax return, make sure you have the following documents ready:
Personal information: Full name, BSN number, date of birth, nationality, phone number, and date of immigration to the Netherlands, along with bank statements (Jaaroverzicht 2024).
If you worked as an employee: Annual payslip for 2024 (Jaaropgaaf 2024) and, if applicable, the income tax return from the previous year (Inkomstenbelasting 2023).
If you purchased a property in the Netherlands: Annual mortgage report (Jaaroverzicht hypotheek 2024), property valuation from the previous year (WOZ 2023), and, if it is the first year of purchase, the purchase invoice issued by the notary.
If you have a tax partner: A person residing at the same address who meets at least one of the following conditions: married, registered cohabitation, children in common, or jointly owning a property.
Source: Belastingdienst

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TAX-IN, an online consultancy, specializes in providing services for VAT and income tax returns for individuals and self-employed persons, as well as handling applications for subsidies or assistance in the Netherlands.
Email: info@tax-in.com
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