A swift removal of the tax scheme that allows wealthy people to donate a ton of money tax-free, would not be possible, according to Minister of Finance Kaag’s initial reaction. This proved to be untrue when the SP persisted and the Minister’s own civil servants indicated that a substantial reduction of this perverse tax concession is possible. And so, the SP proposal to significantly reduce the bonus as early as next year received support from Parliament this week. In 2023, the sum over which no gift tax is to be paid will be reduced from EUR 106,671 to EUR 27,231. In 2024, the scheme will disappear completely.
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