Budget Day 2020: the plans for box 3 | Tax Alert

The way in which the tax is levied in box 3 will remain the same from 2021, but otherwise everything will change: the exemption, the bracket limits, the fixed return and the rate. From 2021, the tax-free allowance in box 3 will increase from € 30,846 to € 50,000. For tax partners this means an increase from € 61,692 to € 100,000. The rate in box 3 will increase from 30% to 31% tax. See further the tables below. As a result of the measures, almost € 1 million people will no longer pay tax in box 3 from 2021. Everyone with a box 3 capital up to € 220,000 (€ 440,000 for tax partners) will pay less tax in box 3. Whoever has more will pay more tax.

PLEASE NOTE: The new bracket limits will not apply to the supplements and also not to the personal Wlz contribution! In connection with this, there will be an obligation to declare for everyone who has more box 3 assets than € 31,340 and for those who are in possession of exempt green investments.

Rates and exemptions box 3 2021 (taxable income from savings and investments)

capital on reference date 1-1-2021 in excess of the tax-free allowance

lump sum return

tax (rate 31%)
als percentage
of the taxed capital

more than

no more than

0

50.000

1,90%

0,59%

50.000

950.000

4,50%

1,40%

950.000

5,69%

1,76%

Rates and exemptions box 3 2020 (taxable income from savings and investments)

capital on reference date 1-1-2020 in excess of the tax-free allowance

lump sum return

tax (rate 30%)
als percentage
of the taxed capital

more than

no more than

0

72.797

1,79%

0,54%

72.797

1.005.572

4,19%

1,26%

1.005.572

5,28%

1,58%

More information at www.rijksoverheid.nl

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