The plans for the coming year were officially announced on Prince’s Day. Mazars created a list of the most important (fiscal) proposals from the 2020 tax package for you. What’s changing for you?

Penalty-free disclosure adjusted

Under the voluntary disclosure scheme, taxpayers who have withheld income or assets can limit the amount of an administrative fine. The exclusion from the voluntary disclosure scheme is extended along two lines, namely:

  • box 2 income
  • savings and investment income generated domestically

This removes the distinction between income generated abroad and income generated domestically.

Stricter tonnage regime

Since 1996, income and corporation tax have been subject to a tax incentive for the shipping industry (tonnage tax scheme). At the request of the European Commission, a tightening up of this regulation is proposed with regard to

  • ships keeping a time and/or voyage charter
  • flag requirement

Use of WOZ values by administrative bodies

Pursuant to a delegation provision in the Valuation of Immovable Property Act (WOZ), administrative bodies may be appointed that are authorised to use the value of an immovable property. This concerns, for example, the use of the established value of an immovable property (the WOZ value), the address (meta characteristic) and the value level date (temporal characteristic). In some cases, it is desirable for an administrative body to be able to use only the temporal or meta characteristics. Therefore, the relevant delegation provision is extended with a more limited designation possibility.

Use of WOZ values by third parties

Until 30 September 2016, the Immovable Property Valuation Act (WOZ) contained a provision with a basis of delegation for the appointment of third parties - other than administrative bodies - who can request the value of an immovable property that is primarily used as a dwelling and who are authorised to use it for a specifically defined purpose. It is proposed to reintroduce this provision with retroactive effect until 1 October 2016.

Adjustment of waste tax

It is proposed that the Environmental Taxes Act (WBM) be amended to make a technical amendment to the taxable fact 'the disposal of waste within the facility in which it was generated'. This proposal provides that the disposal of incineration residues in the own establishment shall not be subject to waste disposal charges to the extent that such incineration residues result from the incineration of waste which has been submitted to that establishment for disposal and on which waste taxes have been levied. In all other situations, this remains a taxable fact.

Waste tax for foreign waste

Since 2015, waste disposal tax has been levied on the dumping or incineration of Dutch waste. It is proposed to include foreign waste that is incinerated in the Netherlands in the waste disposal tax. This measure is a consequence of the Urgenda ruling according to which the Netherlands must reduce its greenhouse gas emissions by 25% by 2020, compared to 1990.

Increase in the storage of renewable energy

The aim of the Sustainable Energy Storage Act (ODE) is to finance the Sustainable Energy Products Incentives Scheme (SDE+). When the ODE was introduced, the starting point was that half of the burden should fall on households and the other half on businesses. The government is now proposing to change the burden-sharing of the ODE to 33% for households and 67% for businesses. As a result, large consumers will pay more.

Lower tax part for energy tax

For a household with an average consumption of 1,179 m³ of gas and 2,525 kWh of electricity, the government proposes to reduce the tax burden on its energy bill by € 100 by 2020. In 2021, the government wants to leave the rates unchanged and limit the increase in the tax component of the energy tax after 2021.

Increase in transfer tax for non-residential property

As of 1 January 2021, the general rate in the transfer tax (OVB) for immovable property will be 7%. Non-residential buildings include, for example, industrial buildings, business premises, land intended for housing and hotels and boarding houses. The rate for housing will be maintained at 2%.

Data protection and payments

The law states what information the Dutch Tax Authority can request from a bank in order to link a payment received by the Dutch Tax Authority to an amount to be recovered. Think of provision of an incorrect payment reference when making a transfer. Efficiency and data protection are key.

Want to know more?

Would you like to know more about the 2020 Tax Plan, the proposed changes and what this means for you? If so, please contact us via email or by phone: +31 (0)88 277 15 00. We would be happy to assist you.