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
Famous quotes containing the words flat, tax and/or investments:
“We say justly that the weak person is flat, for, like all flat substances, he does not stand in the direction of his strength, that is, on his edge, but affords a convenient surface to put upon. He slides all the way through life.... But the brave man is a perfect sphere, which cannot fall on its flat side and is equally strong every way.”
—Henry David Thoreau (1817–1862)
“I find nothing healthful or exalting in the smooth conventions of society. I do not like the close air of saloons. I begin to suspect myself to be a prisoner, though treated with all this courtesy and luxury. I pay a destructive tax in my conformity.”
—Ralph Waldo Emerson (1803–1882)
“In youth, love and art. In age, investments and antiques.”
—Mason Cooley (b. 1927)