Sources reported this to number. Progress in modernizing the tax authorities’ IT infrastructure is good news for the formed parties. They will have more scope to change tax-related legislation. In the past, this was very difficult, and older computer systems were found unable to handle even small changes such as a different VAT rate in practice.
Capital gains tax
The Supreme Court will deliver its rulings in August and September on capital gains tax under Box 3. This may pose challenges to the modernization process. If a judge decides that the tax was wrongly imposed, savers may have to be repaid a lot of money. This could result in costs of around 4 billion euros. In this case, IT systems must also be modified in order to correctly charge capital gains tax from now on. This means that programmers who are currently focused on revamping IT systems should start with this.
In this case too, NOS sources expect the delay to remain limited. Therefore, new plans by the formed parties could enter into force no later than 2027, with taxes being imposed in accordance with these plans in 2018.
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