Taxation in the Netherlands

The Netherlands has a rich history dealing with taxation, predating the Romanic period.
Some of the most important taxes are that of the Income Tax (Wet op de inkomstenbelasting 2001), the Wage Tax (Wet op de loonbelasting 1964), the Value Added Tax (Wet op de omzetbelasting 1968) and the Corporate Tax (Wet op de vennootschapsbelasting 1969).Income TaxMain article: Income tax in the NetherlandsThe Netherlands has a progressive tax rate. For a while, the highest income bracket in the Netherlands was 72%, but now this is 52%. The brackets are 1.8%, 9.35%, 42% and 52%. The first two brackets also contain the Social Security payments (premiums, AOW, ANW and AWBZ), making it effectively 32.6% higher - or 34.4%, 41.95%, 42% and 52%.
[edit] Value Added TaxGenerally speaking, there are two categories: foods and essentials, and non-foods and luxuries. These two categories have rates of 6% and 19%, respectively. As of January 1 2009, the highest category will be raised to 20%.
[edit] Corporate Tax20% for the first € 25,000, 23.5% for the second € 35,000 and above that a corporate tax rate of 25.5%
[edit] "Games of Chance" TaxNo taxes are applied when the sum won is €454 or less, or when the entry fee is higher than the prize won.
If the prize is higher than €454, a tax rate of 29% is applicable; however, if the host pays the taxes the sum is multiplied by 100 and then divided by 71, with 29% of that amount is taken as tax.