Holiday allowance and vacation days in the Netherlands

Payingit Internationalprovides a wide range of services for expats, including payroll management, visas, permits, IND sponsorship, and tax arrangements.One of the perks of working and living in the Netherlands is that by law an employee must receive holiday allowance and vacation days. Because of these perks, you will see your Dutch co-workers disappear in the months between June and September for weeks at a time. You might also notice that everyone will be very enthusiastic about their payslips in May. But how does holiday allowance actually work?Holiday allowanceHoliday allowance in the Netherlands is a gross payment of 8% of your total gross salary. This amount is usually built up during your employment period in the months June to May. Employers are obligated to pay this 8% holiday allowance to their employees. The Dutch word for holiday allowance is “vakantiegeld”, a word you will certainly remember, since you will be hearing it a lot when you work with Dutch colleagues!The idea b...