The Council of Ministers compensates 60 thousand objectors to the savings tax

The Council of Ministers compensates 60 thousand objectors to the savings tax

The Cabinet is allocating 2.8 billion euros to compensate savers who objected to excessive taxes on their assets. Secretary of State van Rijk for Taxes wrote in a letter to the House of Representatives that this concerned only about 60,000 people already found in the right of the Supreme Court. Compensation will be paid to them automatically before August 4th.

The Supreme Court ruled in December that a so-called savings tax was against the law. Calculations were made with a fictitious return on savings, which was higher than the effective interest rate, and as a result, savers received an overvaluation of their assets in Box 3.

After this ruling, the government has now decided to compensate the group of people who have been proven right.

Later decision on rest

A decision will be made before the end of this year on people who lodged “late” or no objections. The cabinet is awaiting a new ruling from the Supreme Court on the question of whether these savers should also receive legal compensation.

Van Rig thinks this is “elegant”, as the previous ruling only concerned 60,000 objectors. The saver who does not agree to this has then started a new venture.

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