Netherlands MOF Seeks Comments on Draft Bill for New Box 3 Regime

The Dutch Ministry of Finance Sept. 8 opened a consultation on a draft bill to change to a new savings and investments Box 3 regime based on actual returns, from the current flat-rate Box 3 regime. The bill includes measures to: 1) tax actual returns based on capital growth, comprised of direct returns like interest and dividends, and indirect returns like stock or real estate; 2) allow losses to be offset against Box 3 income from other years, subject to a loss threshold; 3) replace the current tax-free allowance with tax-free income; and 4) use a lump sum for taxation ...