Categories: Economy

The Netherlands raises minimum wages and taxes and controls prices due to inflation

On Tuesday, the Dutch government announced a series of economic measures to be included in the draft 2023 budget, such as a 10% increase in the minimum wage in response to inflation.

The monthly minimum wage for persons over 21 is 1,756.20 euros, that is, it has increased to 1,931.82 euros.

In broad terms, the budget proposal includes a €17.2 billion stimulus to increase the purchasing power of families.

The executive branch hopes to fund the measure with a fairer balance between taxes on work and taxes on wealth.

Among other measures, it is planned to increase corporate income tax to 34% in 2025, abolish the deduction for housing in 2024 and increase from eight to 10.4% property transfer tax on the purchase of housing. or commercial property

The government also intends to cap gas and electricity prices from 1 January 2023 and extend the fuel tax cut until July 2023.

In the labor market, the Dutch government plans to focus on the fake self-employed and eliminate zero-day contracts, a form of one-year fixed-term contract in which workers only work when the employer wants them to.

Author: Lusa
Source: CM Jornal

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