Savings tax withheld not yet processed in provisional assessment | Money

The day before Christmas, the Supreme Court ruled that the levy in box 3 that the tax authorities imposed for 2017 and 2018 violates the right to property and the prohibition of discrimination. In doing so, the Supreme Court put an end to the fixed return, which means that savers pay tax on a return that they have not made.

The tax authorities sent out the provisional assessments in December and also this month. As a result, it was not possible to process the consequences of the ruling in the assessments that the tax authorities are now imposing.

The consequences of the ruling – also for the tax year 2022 – will be mapped out. If it turns out later that this does affect the tax that you have to pay in 2022, this will automatically be reinstated in the final assessment in 2022, let the Tax Authorities know.

Compensation

It is still unclear whether all savers who settle with the tax authorities in box 3 will be compensated as a result of the ruling. Only politicians can decide on this, otherwise only the 60,000 savers who have actually objected will be eligible for that compensation and more than a million other savers will be caught off guard.

CDA and VVD have meanwhile asked parliamentary questions about the harsh judgment of the Supreme Court. The parties want to know, among other things, how much it will cost the state treasury if all savers who fall in box 3 are compensated and whether new similar statements are taken into account for the tax years after 2018.

Former State Secretary Hans Vijlbrief (D66) of Finance had already announced that from 2025 onwards, real returns will be calculated for savings in box 3. The elaboration of this is now the task of his successor Marnix van Rij (CDA) as State Secretary for Taxation and Tax Administration.

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