News item | 17-08-2022 | 12:01
The first phase of the Box 3 restoration of rights has been completed according to plan. All people who participated in the massive objection procedure against the box 3 tax for 2017 – 2020 have received a letter from the Tax Authorities in recent weeks. The Tax and Customs Administration sent a total of 225,000 letters and 130,000 decisions to inform people about the most favorable calculation of the box 3 income. If the new calculation resulted in a lower box 3 income, a letter followed and a decision stating how much money they will receive back. There is also a group that does not get a refund, because the old method was the most favorable for them, they received a letter with an explanation.
In response to the letters and decisions, more than 5,000 questions were asked and more than 4,000 responses were received. These reactions are handled by the tax authorities. In addition, a group of 180 taxpayers will later be told whether and, if so, how they will receive recovery, because other tax matters still had to be completed. They have been personally notified and will receive legal redress as soon as this is possible.
Final income tax assessment 2021
On August 22, the Tax and Customs Administration will start sending the first income tax assessments to people who have declared income in box 3 for the 2021 tax year. These assessments will be sent in phases to prevent excessive taxation from the Tax Authorities. This means that people with income in box 3 can expect their final income tax assessment for 2021 according to the current planning from August to mid-December. They don’t have to do anything for this. With the online calculation tool box 3 income On the website of the Tax Authorities, people can calculate their box 3 income themselves.
People with income in box 3 for tax year 2021 who have filed a tax return and who wish to adjust their partner distribution or deduction of healthcare costs or donations can adjust their 2021 return online. A new version of the online tax return program is available for this purpose on the website of the Tax and Customs Administration.
The assessments for people with income in box 3 for the 2021 tax year will be imposed on the basis of the savings variant if this is more favorable for the taxpayer. If this is not the case, the old box 3 system is still applied.
The savings variant is based on the actual distribution of savings, investments and debts of a taxpayer. In this variant, people with savings are taxed on the basis of the current savings interest rate. That percentage has been set at 0.01% for 2021. The mortgage interest rate is retained for debts. That percentage has been set at 2.46% for 2021. Investments (securities, real estate) are based on the multi-year average return. That’s 5.69%.
Further planning of legal recovery
According to the current planning, from mid-September, the restoration of rights will start for the attacks from 2017 to 2020, which had not yet been irrevocably determined or had not yet been determined on 24 December 2021, the day the Supreme Court rendered its decision.
The Supreme Court previously ruled that the cabinet is not legally obliged to offer legal redress to non-objectioners. The cabinet is still considering the question of whether and, if so, how this group can also be offered some form of compensation. These taxpayers now do not have to do anything to be eligible for a possible compensation
More information
On the website of the Tax and Customs Administration, the online calculation aid and all other information about box 3 to find. Anyone who disagrees with the new calculation can also visit this website of the Tax Authorities.