Repairing the unduly paid tax in Box 3 can amount to thousands of euros

Due to the errors in calculating the tax in Box 3, millions of Dutch people have paid too much tax for years. The tax authorities charged tax on a fictitious return, while the actual return was much lower. Fortunately, the government has set aside €10 billion to arrange this recovery, but to be entitled to a refund, you need to calculate and demonstrate your situation properly.

How is your refund calculated?

The amount you can get back depends on a number of factors:

1. The ability you had in Box 3
2. The actual return you have achieved on that capital
3. The flat-rate return applied by the tax authorities (this was often much higher than your actual return)

Let's give a calculation example of how this calculation works in practice.

Calculation example 1: Jan — €100,000 savings

Situation:

In 2019, Jan had €100,000 in his savings account. The tax authorities charged him with a fictitious return of 4%, while the actual return he had achieved with his savings was only 0.5%.

Calculation of the tax that Jan had to pay:

• Fictional return (applied by the tax authorities): 4% of €100,000 = €4,000
• Actual return (Jan's savings rate): 0.5% of €100,000 = €500
• Jan paid tax on the difference: €4,000 (fictitious) - €500 (actual) = €3,500 too much tax

Refund:So Jan had paid €3,500 too much in tax. This is the amount that he can get back through the tax authorities's recovery scheme.

Calculation example 2: Fatima — €50,000 investments

Situation:

‍Fatima had invested €50,000 in an investment fund in 2018. The tax authorities charged her with a fictitious return of 5%, while her actual return in that year was 1%.

Calculation of the tax that Fatima had to pay:

• Fictional return (applied by the tax authorities): 5% of €50,000 = €2,500
• Real return (Fatima's investments): 1% of €50,000 = €500
• Fatima paid tax on the difference: €2,500 (fictitious) - €500 (actual) = €2,000 too much tax

Refund:
Fatima can get €2,000 back through the Box 3 recovery scheme.

How does Box3.nl help you calculate your refund?

Calculating your actual return isn't always easy. That's why Box3.nl helps you with:

• Free monitoring of your situation
• Calculating your actual return
• Legal support for your request
• Submission to the tax authorities on your behalf
• No costs if there is no refund (no cure, no pay)

Why wait?

If you had assets in Box 3 in the past few years, chances are you've paid too much tax. The refund can amount to thousands of euros, but you have to take action yourself.

Don't leave money behind. Find out how much you can get back via Box3.nl today.

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