At the very, very last minute, the 2024 tax plans were changed on several points! With those changes, the plans were adopted by the Lower House last Thursday deep into the night. The plans will become final only after they are also accepted by the Senate. That is expected to take place in the second half of December.<\/p>\n\n\n\n
This change was already imminent. With effect from 2024, income from substantial interest (box 2; for example, dividends from one's own private limited company or sales profits on the transfer of shares in that private limited company) will be taxed at 2 rates. The first \u20ac67,000 (for tax partners \u20ac134,000) will be taxed at 24.5%. The income above \u20ac67,000 (or \u20ac134,000) is taxed at a rate of 33% (a rate of 31% was envisaged; the Lower House therefore adds 2 percentage points). We already calculated with this high rate in our article Further increase in box 2 rate: consider dividend payment in 2023<\/a>.<\/p>\n\n\n\n Savings and investment income (Box 3) would be taxed at a rate of 34% with effect from 2024. This will also be increased by 2 percentage points, bringing this rate to 36%.<\/p>\n\n\n\n The threshold in the context of excessive borrowing will be reduced from \u20ac700,000 to \u20ac500,000 from 2024 (this threshold will, of course, be increased by the taxable owner-occupied home debt). DMSs who borrow in total more from their BV(s) than the threshold must include the excess in their substantial interest income. The excess portion must be subject to the additional increased rate of 33% in 2024 (to the extent that the rate step-up of \u20ac67,000\/\u20ac134,000 is exceeded).<\/p>\n\n\n\nLimit on excessive borrowing lowered<\/h2>\n\n\n\n