What will change in the box 3 taxation?
Taxation in box 3: a hot topic nowadays. The intention is to make taxation in box 3 fairer for savers. The reason is that saving does not yield anything for the last years, which means that the fixed return in box 3 is a lot higher than the actual return you receive on your savings. But what exactly will change in box 3 taxation? In this article, we will go into that in more detail.
Changes for 2022 cancelled.
Firstly, the changes that were announced during Budget Day 2019 have been canceled. You can read more about this in this article.
A logical thing to think now is that the next step would be to tax the actual return. Yet, in reality, this turns out to be a lot more difficult.
But what will change then?
The taxation in box 3 will be adjusted from 2021 to reduce the tax burden for small savers and -investors. This change is mainly intended to ease the pressure on small savers: a solution has been sought for years.
What exactly does the change entail?
So now, something will actually change in box 3 taxation. But what will this mean for you? If you have less than € 220,000 in assets, you have to pay less tax in 2021 than you do now. This is double the amount for tax partners. Therefore, the result is clear: lowering the pressure for ‘small’ savers.
We are happy to help!
Is it not entirely clear to you whether this has a positive or negative impact on your situation? Or do you have other tax-related questions? We are happy to help you! Feel free to contact us using the information below.