Savers can count on lower tax on their assets next year. There will be a reduction on the capital income tax - also called the wealth- or savings tax - sources confirmed to ANP after reports in the Telegraaf.
From next year the Tax Office will take more account of the currently extremely low interest rates on savings. Up until now, the Tax Office used the average savings interest rate over five years. From now on, the average annual interest rate will be used in the savings tax calculations, according to the news wire.
