According to State Secretary of Finance Hans Vijlbrief should then be able to demonstrate to people that their capital consists mainly of savings and not, for example, shares.
The investigation that Vijlbrief is setting up into this possibility must be completed by next spring.
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Fictitious return
It is still the case that Dutch people who have more than 30,846 euros in a savings account, or who have investments in, among other things, tax on a fictitious return must pay.
The tax authorities assume that you will achieve a certain return on your assets (for savings, this is the interest). With the current low interest rate, however, the return that the tax authorities think savers will achieve is above the interest they actually receive.
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Resistance has been going on for some time
It has been argued for some time to change that. VVD MP Helma Lodders, among others, argues for a tax on the actual return on savings and investments. “I am happy with this first step,” she says.
People who have saved up for their old age, and simply have that money in the bank, see their pension pot shrink year after year due to the current tax. “There are really poignant stories in between,” says Lodders.
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Or tax on actual return?
Until recently, there was a plan to spare savers from the capital yield tax. But because the yield had to remain the same, investors would pay more tax. Last summer, Vijlbrief concluded that his predecessor Menno Snel’s plan had too many drawbacks, and referred it to the wastebasket.
There is also an investigation into the possibility of taxing actual returns achieved. The results are also expected next spring.
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