Act of 11 September 1997 amending the 1964 Income Tax Act and the 1964 payroll Tax Act in connection with an increase in old-age deductions and additional parental deductions
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 have taken the view that it is desirable to increase the deduction of old age and supplementary parental allowance in income tax and payroll tax as from 1 July 1997 and 1 January 1998;
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:
4 Our Minister of Finance may, by way of derogation from the Articles 25 and 26 of the Act on payroll Tax 1964 , fix payroll tax tables and pay tax tables that apply from a later date than 1 July 1997, in which the amount of old age deduction is processed in such a way that the application of the parent deduction to an Reduced amount in the periods of pay expired since 1 July 1997, as far as possible in the periods of the calendar year not yet completed. The previous sentence shall apply mutatis mutandis with regard to the additional old-age deduction.
5 By way of derogation from Article 53 (6) of the Income Tax Act 1964, the amount of f 1293 shall be applied for the calendar year 1997, instead of the amount f 1108.
6 By way of derogation from Article 53 (7) of the Income Tax Act 1964, the amount of f 1198 shall be applied to the calendar year 1997, instead of the amount of f 1119.
Burdens and orders that are in the State Sheet will be placed, and that all ministries, authorities, colleges and officials who so concern will keep their hands on the precise execution.
Given in Gravenhage, 11 September 1997
The Secretary of State for Finance,
W. A. F. G. Vermeend
The Secretary of State for Social Affairs and Employment,
F. H. G. de GravePublished the 25th September 1997
The Minister of Justice,