The taxman is benefiting from Dutch Olympic glory as well

olympic medalsOf the €400,000 or so in prize money that the Dutch Olympic committee will pay out to this year’s medal winners in Rio, between €150,000 and €200,000 will end up with the tax man, the Telegraaf points out on Thursday.

The Dutch Olympic athletes are considered to be employed by the NOC*NSF which pays out €25,500 for a gold, €19,125 for a silver and €12,750 for a bronze. That is, by the way, 15% below the prizes paid out in London.

The athletes then have to pay income tax of 40-52% over their Olympic earnings.

The paper points out that lottery winners, who have just been lucky to pick up a prize, only pay 29% tax on their winnings.

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation