The Dutch Tax Administration (Belastingdienst) has started sending letters about the “Opgaaf Werkelijk Rendement” (“OWR”, Declaration of Actual Return). The filing period for submitting the declaration of actual return commences on the date you receive the letter for the relevant year. If your tax return was filed by a tax consultant (including Riverlane), the filing …
Form ‘Opgaaf Werkelijk Rendement’ (OWR)
The Tax Authorities have begun sending letters requesting that you declare the actual return earned on your Box 3 assets. The Tax Authorities cannot specify exactly when these letters will be sent. The expected timeline is as follows: Tax Year2024: not yet known2023: from September 20252022: from July 20252021: not yet known You will receive …
Progress: taxation in Box 3 based on actual returns
Starting in 2028, the Dutch government intends to transition to a taxation system in Box 3 based on actual returns. Until then, however, taxation will still be calculated using notional (forfaitary) returns, which may be disadvantageous if the actual return is lower than the fixed percentage. The Supreme Court has ruled that taxpayers are allowed …
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The importance of a correct provisional personal income tax assessment for 2024
For income tax purposes, a provisional assessment may be issued during the year. If an additional amount of income tax for 2024 still needs to be paid after July 1, 2025, interest will be charged on that amount. The current interest rate is 6.5%. If a request for a provisional personal income tax assessment for …
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The importance of a correct provisional corporate income tax assessment for 2024
Throughout the year, provisional assessments for corporate income tax (CIT) are issued. If, after July 1, 2025, an additional amount of CIT for 2024 still needs to be paid, interest will be charged on this amount. Currently, this interest rate is 9%. If a request to amend a 2024 provisional CIT assessment is submitted no …
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