'Studenten- en scholierenregeling'

There is a special wage time frame arrangement for students. For them a quarterly wage time frame can be used. In case of monthly wage payments, the franchise and the maximum for the first month are calculated with three times the monthly value. So no franchise and maximum are calculated for the second en third months. Students receive the total amount of franchise and maximum of one month in the first month, and the surplus is settled in any subsequent months.

This arrangement is based on the idea that there is fluctuation with students sometimes working only one month out of three. This way they become entitled to franchise for the entire quarter anyway.

An employee who does not start work until the second or third month of the quarter, is also allowed to use the entire quarter's franchise.

If the student enters employment halfway through the month, you can still apply the entire quarterly franchise. This means that the daily table is not used for students.

In Profit you specify this in the tax authority's agency properties at the employee level. In that case, Profit will automatically use the quarterly table.

Application with 4-weekly table

Applying the 'Studenten- en scholierenregeling' in combination with a 4-weekly table can cause some confusion. This is because the start date of a quarter does not always coincide with the start date of a period in the 4-weekly table. In this case Profit looks at the end date of the period to determine the quarter in which the period falls. Profit then looks up the quarter's start date in the 4-weekly period table. The quarter starts on this date.

Example:

The end date of the period is 7-10. This date falls in quarter 4 because this particular quarter has 01-10 as its start date. For this reason, Profit assigns the date to the 4th quarter.