Flat Tax On Savings and Investments (box 3)
There is a flat tax on the total value of the savings and investments of 1.2% per year. It is nominally part of the income tax, as a 30% tax on a fixed assumed yield of 4% of the value of the assets (this is regardless of the actual income from the assets). EUR 20,014 (higher for 65+ with a low income) of the value of the assets is exempted.
The amount of money invested in approved "green" investments (up to EUR 53,421) is exempted. Moreover, a tax credit per year of 1.3% of the value is applied for these investments. The credit only counts towards box III.
See also Box III (inkomstenbelasting) (in Dutch)http://nl.wikipedia.org/wiki/Box_III_(inkomstenbelasting).
Read more about this topic: Income Tax In The Netherlands
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