- Dutch economy contracted 0.7% in the first quarter of 2023 - German economy in recession - House committee on box 3: no action expected for now - Coalition uses voting trick to take away two remaining seats in Senate - Energy prices back to levels before Russian invasion of Ukraine
Additional income tax assessments for the years 2011 to 2013 were imposed on the interested party for the addition to income for the private use of a car. Penalty fines were imposed for gross negligence.
Due to tight labor markets and high inflation, businesses will face sharply rising labor costs in 2023. In 2022, collective bargaining wages already rose 3.2 percent; it was the largest increase since 2008. This year, labor costs are expected to rise by as much as 6.1 percent. For the entire business sector, this will lead to an increase in labor costs of about 17 billion euros, according to calculations by ABN AMRO. Meanwhile, lower consumer purchasing power and rapidly rising interest rates are causing the economy to cool.
Given the development of box 3 towards a new system of actual return, in which the way in which real estate - not being the owner-occupied home - is taxed has not yet been crystallized, it does not make policy sense to include the owner-occupied home scheme in this. So writes State Secretary of Finance Van Rij to the House of Representatives.
Last Wednesday, April 26, 2023, Climate and Energy Minister Rob Jetten held his first climate press conference. It is intended that a series of such press conferences will follow. In them, he will update us on the implementation of climate plans. A €35 billion climate fund has been established by this administration. Of this, €28 billion is now earmarked. It is therefore good that society is informed about the progress of the implementation of the plans. Mind you, this has nothing to do with the nitrogen crisis. It is about combating global warming, especially through CO2 emissions.
The Tax Office has announced that it is temporarily suspending the processing of final assessments for 2021 and 2022 relating to box 3 income. This specifically concerns assessments where the box 3 income consists of more than just bank deposits, such as income from shares or real estate. In addition, the processing of objections regarding box 3 income for the years 2017 through 2021 will also be suspended.
During relationships, wealth shifts quickly occur. This happens when purchasing a home, remodeling, or paying off a money loan, for example. By mixing assets, a right to compensation can arise. Compensation rights can arise between private assets (cohabitants) or between private assets and a matrimonial community of property (registered partner and marriage).
The number of bankruptcies in the Netherlands is expected to rise 52 percent this year, credit insurer Allianz Trade says after research. This makes our country the global leader. On average, 21 percent more companies worldwide are expected to go bankrupt this year.