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Netherlands Accountability Day + Holiday Pay
⏰ Until 31/05
Deal Highlights
Today is Accountability Day in NL, holiday pay is being distributed. Understand how the 30% ruling affects your holiday pay.
Details
Two important financial events are happening today in the Netherlands, both impacting your wallet.
💰 Holiday Pay (Vakantiegeld)
⏰ until 31/05
📍 The Netherlands
Today marks the start of the peak holiday pay distribution week, with most employees receiving it around May 25th. For AOW recipients, it was automatically deposited today (21st). This coincides with Verantwoordingsdag, when the government presents its financial report.
- ✓ Understand your holiday pay: This is typically 8% of your annual salary, usually paid in May.
- ✓ Impact of 30% ruling: If you have the 30% ruling, the tax-free allowance is not included in the holiday pay calculation base. Your holiday pay is calculated as 8% of your taxable salary, which might be less than you expect.
- ✓ Calculation tools: Detailed tax rates and examples are available on nibud.nl/onderwerpen/werken/vakantiegeld.
As living costs rise, understanding your income details is crucial. If you have questions about your holiday pay calculation, check the official Nibud explanation before 31/05 to ensure your income is as expected.
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