For Box 3, there is not yet clarity on the form of taxation on assets. It is expected that the current Box 3 tax will remain valid through 2026. The calculation methodology distinguishes between three categories:
1. savings;
2. debts;
3. other assets.
Each category is taxed according to the flat rate of return. For other assets, the rate for 2023 is 6.17%. In 2024, this rate will be adjusted slightly downward to 6.04%. The flat rates of return for the further two categories are not finalized until the end of the tax year.
However, the rate for Box 3 is set at 36% as of Jan. 1, 2024. This rate differs from the rate under the original bill (34%). In addition, the tax-free capital in Box 3 is not indexed and thus remains €57,000 per person.
Author: mr. M. Doves-Bierman
This Blog is written as of November 2023.
