Change in CRDS from 1996 to 2008

Distribution of CRDS receipts by source of income from 1999 to 2008

The preceding graph shows changes in the distribution of CRDS receipts by source of income. There was virtually no change between 1999 and 2000. In the Finance Act of 2001, exemptions were granted to the non-taxable unemployed and retired, reducing the share of replacement income from 25 to 20%.

CRDS tax on replacement income totalled EUR 1,100 million in 2000. Taking the 5% increase into account, CRDS receipts from replacement income should have reached EUR 1,155 million in 2001. In fact, only EUR 875 million was actually collected in 2001, a shortfall of EUR 280 million.

The graph also shows a clear decline in CRDS receipts from income earned on long-term assets and investments, due to the sharp decline in capital gains as a source of household revenue in 2001.