One reminder that has now become an annual fixture is the (pro forma) objection to the income tax you pay on your income from savings and investments (Box 3). Every year, the Taxpayers’ Association legal proceedings (including a trial) against this levy.
Massive objection
The State Secretary for Finance stated in a decision declared that the mass objection procedure should also apply to these objections for 2019.
PLEASE NOTE: this does not mean that everyone who pays tax on Box 3 automatically benefits from a favourable ruling.
This is only the case if you have lodged a (pro forma) objection to your final tax assessment in good time. ‘In good time’ means that you have submitted a written objection to the Tax and Customs Administration within 6 weeks of the date of the final tax assessment (the assessment with the reference number: H.96).
Is it worth lodging an objection?
As mentioned, a pro forma objection is sufficient. This means that you do not (yet) need to give reasons for your objections. It therefore does not involve much effort (or cost).
The Supreme Court has now ruled that the system of taxation under Box 3 is contrary to European law. However, for the time being, it is left to the legislature to rectify this. So far, the legislature has made no more than a few minor adjustments. It therefore seems we will have to wait until the courts actually intervene.
Expert advice: compensation
A committee of experts recently submitted a report to State Secretary Vijlbrief of the Ministry of Finance advisory report published on what the consequences should be of the aforementioned Supreme Court judgement. The committee concludes that the government is obliged to provide compensation. In its response, the Government has indicated that it will examine the advice.