Doing Business in the Netherlands 2012 - American Chamber of ...

health allowance company. If the employer would like to reimburse
this premium, the reimbursement is taxable.
15.3 Premiums
In general, all premiums paid within the national insurance system are
levied with and are part of the personal income tax rates.
The premiums are levied up to an income of EUR33,863 (2012). As
of 1 January 2010, 17.9% is levied for the AOW premiums, 12.15%
for the AWBZ and 1.10% for the Anw premiums, no changes are
foreseen for 2012. The AKW premium is 0% because it is funded by
the government.
15.4 Welfare Provisions
The welfare provisions fill the gap of insufficient (family) income to a
social minimum with regard to a specific life situation or provide for
specific provisions or compensation with regard to a life situation.
The following Acts fall under this category:
a) Social Securities Supplements Act (Toeslagenwet or TW)
b) Invalidity Insurance (Young Disabled Persons) Act (Wet
arbeidsongeschiktheidsvoorziening jonggehandicapten or
Wajong)
c) Regulations Governing Contributions towards the Upkeep of
Multiple and Severely Physically Disabled Children Living at
Home (Tegemoetkoming onderhoudskosten thuiswonende
gehandicapte kinderen or TOG)
d) Older and Partially Disabled Unemployed Workers Income
Scheme Act (Wet inkomensvoorziening oudere en gedeeltelijk
arbeidsongeschikte werkloze werknemers or IOAW)
134 Baker & McKenzie