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:
“The allurement that women hold out to men is precisely the allurement that Cape Hatteras holds out to sailors: they are enormously dangerous and hence enormously fascinating. To the average man, doomed to some banal drudgery all his life long, they offer the only grand hazard that he ever encounters. Take them away, and his existence would be as flat and secure as that of a moo-cow.”
—H.L. (Henry Lewis)
“Parents are used to being made to feel guilty about...their contribution to the population problem, the school tax burden, and declining test scores. They expect to be blamed by teachers and psychologists, if not by police. And they will be blamed by the children themselves. It is hardy a wonder, then, that they withdraw into what used to be called permissiveness but is really neglect.”
—C. John Sommerville (20th century)
“In youth, love and art. In age, investments and antiques.”
—Mason Cooley (b. 1927)