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:
“Twenty-two years ago Judge [then-Senator Stephen] Douglas and I first became acquainted. We were both young then; he a trifle younger than I. Even then, we were both ambitious; I, perhaps, quite as much so as he. With me, the race of ambition has been a failure—a flat failure; with him it has been one of splendid success.”
—Abraham Lincoln (1809–1865)
“...many tax collectors and sinners were also sitting with Jesus.”
—Bible: New Testament, Mark 2:15.
“In youth, love and art. In age, investments and antiques.”
—Mason Cooley (b. 1927)