Dutch government unveils 2027 budget with higher income taxes and reduced childcare support
The Dutch government unveiled its 2027 budget plans during Prinsjesdag on Tuesday, outlining tax and spending measures that will affect household finances. The Budget Memorandum includes €5.8 billion in additional tax burdens for workers, with direct income tax rates rising in the first two brackets: from 35.75% to 36.23% for incomes up to €39,200 and from 37.56% to 38.16% for incomes between €39,201 and €78,400. The top rate of 49.5% will apply to incomes above €78,426.
Median purchasing power is projected to drop by 0.1% in 2027, accounting for 2.7% inflation and a 3.8% wage increase, according to the Centraal Planbureau. Higher-income families with children will see reduced childcare allowance support, with the Cabinet cutting €350 million from the budget. First-time homebuyers will benefit from an increased transfer tax exemption, rising from €555,000 to €615,000, while the transfer tax for non-primary residences may drop from 8% to 7%.
The Cabinet lacks a parliamentary majority, meaning the proposals face significant hurdles before becoming law . Finance Minister Eelco Heinen said the government aims to resolve political issues around the wealth tax (box 3) within six months, with changes expected to cost billions .
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