Tax in the Netherlands
What about my savings and investments? Do I have to transfer them to the Netherlands?
What is the 30% ruling and when do I qualify for this?
When does the 30% ruling end?
Do I need to pay taxes if I bring my own vehicle to the Netherlands?
What is the bpm?
Can you give me an overview of the Dutch tax system?
What taxes will I have to pay in the Netherlands?
The various forms of direct taxation (for the individual) are:
This tax is deducted from your salary at the source and is also applied to other forms of earnings that you must declare. Income tax is a ‘tiered’ tax in that the percentage of tax taken relates to the size of your salary and is taken in steps. For example for a person who has yet to reach retirement age in 2017 they will pay:
- 36.55% tax on the first €19,982 earned
- 40.80% tax from €19,982 to €33,791 earned
- 40.80% tax from €33,791 to €67,072 earned
- 52% tax on anything above €67,072 earned
Please note that wage tax and income tax rates changes annually. You can find the latest information on the belastingdienst (tax office) website.
You must pay inheritance tax if you are bequeathed more than the exemption amount. The amount of money that you can inherit before having to pay tax is dependent upon your relationship with the deceased. In certain situations, you may not have to pay any inheritance tax.
You will be liable to pay tax on a gift you receive, if the value of the gift is over a certain amount in any one tax year.
If you buy a house or other property, then you usually have to pay transfer tax. The transfer tax applies if you are the legal or beneficial owner of: property, rights in real estate, shares in immovable bodies (i.e. buildings).
It should be noted that your personal situation (non-working partner for example), type of work, residency status and other assets and earnings (particularly from abroad) will affect your position with respect to what taxes you must pay.