Not everyone who has paid too much tax on savings in box 3 needs to be compensated by the government. People who have lodged an objection with the Tax Authorities too late or not at all will not automatically get their money back from the tax authorities. That has the Supreme Court decided on Friday† The Council has ruled that the court cannot compel the tax authorities.
In December last year, the Supreme Court canceled the so-called capital yield tax in box 3, a tax based on a fictitious return on income from savings and investments, because that tax was ‘unlawful’. A group of at least 60,000 people objected to the savings tax and were proved right. The Tax and Customs Administration must repay savers their unduly paid taxes in August this year. The cabinet has earmarked 2.8 billion euros for this.
Also read this article about the concerns in the House about the compensating for people of great wealth
The Supreme Court discussed on Friday whether people who had not joined the mass claim were also entitled to compensation for the years 2017 to 2020. This may concern hundreds of thousands of savers. But compensation now appears only for savers who objected in time.
State Secretary Marnix van Rij (Fiscality, CDA) left the decision on a possible recovery operation for all injured savers to depend on the decision of the Supreme Court. At the beginning of this year, he brooded on several possible solutions for a compensation scheme. All options would have cost the government billions.