Law of 24 February 2005 amending the Law on payroll 1964, the Income Tax Act, 2001, the Law on Income Tax, 1969, the Law on Work and Care, and of any other laws (Law Adjustment Tax Treatment Act) VUT/pre-retirement and introduction of life-line arrangements)
We Beatrix, at the grace of God, Queen of the Netherlands, Princess of Orange-Nassau, etc. etc. etc.
All of them, who will see or hear these, saluut! do know:
In this regard, we considered that it would be desirable to take measures to promote the employment rate of older people by means of adjustment of the tax treatment of VRS and pre-pension schemes in conjunction with the promotion of the employment of older workers. of the combination of work and other activities by means of a life-flow scheme;
In this way, we, the Council of State, and with the mean consultations of the States-General, have been well-regarded and understood to be right and to be understood by the following:
A [ Red: Change the Law on the payroll Tax 1964.]
B [ Red: Change the Law on the payroll Tax 1964.]
C To the extent that a levelling reserve is as defined in Article 3.53, first paragraph, part a, of the Income Tax Act 2001 whether a provision is associated with an early retirement scheme on which Article 38c of the Law on Pay Tax 1964 is applicable, remains Article 8, seventh paragraph, of the Law on Corporate Tax 1969 external application.
D By way of derogation from Article 19g, 1st paragraph, of the Law on Wage Tax 1964 As that article states on 1 January 2006, employees who, at the age of 51 years of age, but not the age of 56 years of age, may be entitled to claim more than 12% of the salary in the calendar year. of the year, in so far as the total claims at the end of the calendar year by the claims accumulated during the calendar year do not exceed a period of additional leave of 1 year.
E By way of derogation from Article 19g, 1st paragraph, of the Law on Wage Tax 1964 , as that article states on January 1, 2006, may apply to employees who are entitled to pension claims in a calendar year. Article 19b, fifth paragraph -buying, in that calendar year, more claims than corresponding to 12% of the salary of the year, in so far as this is the result of the use of the purchase of the pension claims for the building of a facility under the life-to-life arrangements with the exception that the total claims at the end of the calendar year shall not exceed a period of additional leave of 1 year in the calendar year accumulated over the calendar year.
Our Minister of Social Affairs and Employment shall, in agreement with our Minister of Finance, send to the States-General a report on effectiveness and effects in the practice of the State of Finance within four years of the entry into force of this Law. the life looping scheme, Article 19g of the Law on payroll 1964 , and the parental leave discount, for the purpose of Article 8.14b of the Income Tax Act 2001 .
This law is cited as: Law adjustment for tax treatment VUT/pre-retirement and introduction of life-handling arrangements.
1 Under the application of Article 16 of the Temporary Referendum Act this Law shall enter into force with effect from 1 January 2005.
2 Article 10, 4th paragraph, of the Law on Wage Tax 1964 , as it is due to Article I, Part A , returns until 16 September 2004 for benefits which are enjoyed as a result of sale, disposition or the formal or de facto subject of the claim, other than for the purpose of deferral of payment on the basis of Article 25 (5) of the Invording Law 1990 .
Burdens and orders that it will be placed in the Official Gazette, and that all ministries, authorities, colleges and officials who so concern will keep their hands on the precise execution.
Given at The Hague, 24 February 2005
The Secretary of State for Finance,
J. G. Wine
The Minister for Social Affairs and Employment,
A. J. de GeusIssued the 10th of March 2005
The Minister of Justice,
J. P. H. Donner