Tax
Income tax return box 3 (art. 5.2 IB Act 2001)
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The possession of gold and silver is regarded as an investment and must be declared to the tax authorities in box 3 as assets. In box 3, the (fictitious) gain from savings and investments is taxed. The taxable amount is calculated by adding together the notional return on savings (0.01%) and the notional return on investments (6.17%) less 2.46% of the value of the debts, all measured on the reference date (1 January). 32% tax is levied on this benefit from savings and investments. The tax burden on precious metals is therefore in principle 1.97%.
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The tax-free allowance has been increased this year to €57,000, for tax partners the sum is €114,000. You are only liable for tax if your assets (assets less debts) exceed this amount.
Tax benefits for entrepreneurs
wall art in the office, practice or shop
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To qualify for the small-scale investment allowance (KIA) you must invest an amount between € 2,401 and € 332,994 in assets for your company. The table shows the new percentages for this investment deduction.
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If you can reclaim the VAT on the purchase, you take the purchase amount excluding VAT for the investment deduction. Are you not entitled to VAT deduction, for example because you only perform exempt services? Then you assume the investment amount including VAT.
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Minimum investment amount
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Business assets with an investment amount of less than € 450 are not eligible for the small-scale investment deduction.
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no more than € 2,400: 0%
€ 2,401 to € 59,939 28% of the investment amount
€ 59,940 to € 110,998 €16,784
€ 110,999 to € 332,994 €16,784 less 7.56% of the portion
of the investment amount above € 110,998
more than € 332,994 0%
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Distribution of investment obligation in partnership
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Was your company part of a partnership, such as a general partnership or a partnership? Then the deduction is calculated differently. To determine the deduction, the total investment of the joint venture is taken into account and not the investment of each company separately.
Each partner or partner bears the part of the investment that is in proportion to his share in the (excess) profit.