In Box 3, the benefit from savings and investments is taxed. In this box you list your worldwide assets and debts (only in case you are resident tax payer and you do not hold the entire period of Dutch residency in the respective tax year the 30%-ruling). The assets may include e.g. a second/third/fourth,etc. home, bank accounts, savings accounts, shares accounts under 5%, cash, receivables, etc.
From the assets you may deduct the debts. However, there is a debt threshold of € 3,200 (per person so in case of a tax partner double the threshold). This means that the debt must be higher than the threshold so that the debt can be deducted from the assets.
The debts may include e.g. loans not related to the owner-occupied home, negative bank balances, debts for consumption needs such as a car, etc.
At the moment that the assets – debts is positive, then the tax-free amount of € 50,000 may be deducted (per person so in case of a tax partner double this tax-free amount). The tax-free amount is exempted on your box 3 capital.
If you still have an amount left over, then this amount will be taken into a bracket rate. This rate means for which amount you must pay tax. The rates of box 3 in 2021 are as follows:
Tax on box 3 assets as of 2021 | 31% tax | |
Bracket | Capital from savings and investments | Effective rate |
0 | First € 50.000 | 0,00% |
1 | above exemption, from € 1 to € 50.000 | 0,589% |
2 | from € 50,001 up to and including € 950.000 | 1,395% |
3 | from € 950.001 | 1,7639% |
The total amount that comes out of the brackets is the taxable amount. This amount is multiplied by 31%, this is the tax rate of 2021. The amount that comes out of this is the tax due in box 3.
After the calculations of the 3 boxes, the total taxes are added together. From these taxes, the tax credits and withholding taxes may be deducted.
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