The tax rate on income from a substantial interest (‘box II’) will be adjusted as of 1 January 2024. The current tax rate is 26.9%. From 2024, the tax rate will be progressive. Income from a substantial interest up to €67.000 will be taxed at 24.5% and the excess at 31%*.
If you are considering paying out a dividend or selling shares, keep in mind that from an income from a substantial interest of approximately €106.000, it is cheaper to have the transaction take place in 2023. The downside is that with a lower amount it is cheaper to wait until 2024 before paying out a dividend or selling shares.
* In September 2023, a motion was passed to increase the top tax rate to 33%. This motion has not yet been converted into legislation.
