Temporary savings tax fix almost impossible to implement: Council of State
NL TimesThe Tax Authorities are struggling to implement a temporary scheme for tax on returns on assets. In an advisory report on the bill, the Council of State speaks of “an almost impossible task” and urged the government to take measures to relieve the pressure on the tax authorities. In June last year, the Supreme Court ruled that the Tax Authority charged a large number of taxpayers too much tax in box 3 since 2017. According to the Council of State, the Tax Authority “must make great efforts” in implementing the counter-evidence scheme, and “the risks of process disruptions are great.” The government must ask itself whether a fine-meshed scheme that approximates the actual return as accurately as possible “outweighs the great effort of people and resources needed to achieve this,” said the government’s most important advisor on legislation. He acknowledges that the counter-evidence scheme “requires a lot from the Tax Authority, but added that the tax office is already working on measures to ensure that the recovery operation runs smoothly.
History of this topic
Cabinet will not introduce new Box 3 savings tax, causing €2.5 Billion shortfall
NL Times
Council of State slams "complex" Box 3 asset tax legislation
Dutch News
Many questions about asset tax remain pending new court opinion
Dutch News
Many questions about asset tax remain pending new court opinion
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