Application term 30%-ruling reduced to five years as of 2019

In the plans of the newly established Government a revision of the 30%-ruling legislation is taken up. The good news is that the 30%-ruling is not abolished as the ruling has been subject of recent political discussions of possible abolishment. However the application term of the ruling is planned to be reduced further. Continue reading “Application term 30%-ruling reduced to five years as of 2019”

Alternatives for Dutch equity taxation – Box 3

Future of box 3 (tax on deemed income from equity)
From the 1st of January 2017 the Dutch equity tax of the so called box 3 changes. In effect, the tax burden on higher amounts of net wealth will be increased while the tax burden on lower amounts of net wealth will be decreased. The tax free amount will be € 25,000 per person.

Then, on the first € 100,000 of net wealth a deemed return on investment of 2.87% will apply. This percentage is said to be based on the average interest rates of the last five years. For the next € 900,000 the deemed return is 4.6% and for amounts of net wealth above 1,000,000 the deemed return on investment is 5.39%.

This system is advantageous for those who achieve a relatively high return, but at the same time it’s really unfavorable if the actual return is low.

How to avoid box 3-taxation?
It is possible to avoid this box 3 taxation. Continue reading “Alternatives for Dutch equity taxation – Box 3”

Non domiciliation and tax exempt salary split United Kingdom – The Netherlands

Under the United Kingdom (UK) tax laws a difference in fiscal treatment of individuals is made between being domiciled and non domiciled. In short domicileds are residents who have their roots in the UK, or have chosen to become domiciled. Non domicileds are e.g. expats with temporary stays or with permanent stay without the aim to become domiciled. Continue reading “Non domiciliation and tax exempt salary split United Kingdom – The Netherlands”

Repentance (foreign) income and assets / inkeerregeling

As a tax resident of the Netherlands you are taxable for your worlwide earned income as well as all worldwide held assets. Especially expats are not aware of the fact that there is a tax liability for assets held outside the Netherlands. Expats with a pending 30% ruling will benefit from a limited scope for taxation of their passive assets. Continue reading “Repentance (foreign) income and assets / inkeerregeling”

30% ruling update: developments 150 kilometre criterion EU Court

On February 24th 2015 the EU Court has decided on the long pending case regarding possible discrimination caused by the 150 kilometres criterion as introduced in the 2012 30% ruling legislation. The Court in its decision has followed the prior conclusion of the Advocate-General in this case and in principle has found the criterion not in breach with EU Laws. However there is still a chance the Dutch Supreme Court will not allow the 150 kilometre criterion… Continue reading “30% ruling update: developments 150 kilometre criterion EU Court”

“I am not a tourist fair” 2014

Newcomers who are still finding their feet, will have the chance to learn about setting up a bank account, doing their taxes, and finding a school or university. Both newcomers and veteran expats can enjoy these resources along with entertainment and a wealth of information on cultural pursuits for internationals who want to dive into Dutch culture and enjoy the differences! Discover yummy Dutch food and beverages (yes, they do exist!), entertainment and networking opportunities. Okx van Leeuwen Tax Lawyers will be present and we hope to see you there! Join us on Sunday, 2 November 2014 at the Beurs van Berlage in Amsterdam. We will offer a special Fair discount on all our services for those who attend and leave their emailaddress. Continue reading ““I am not a tourist fair” 2014″

UPDATE: Last chance tax friendly treatment of severance payment

One of the proposed changes in Dutch tax law per the year 2014 regards the potentially tax beneficial treatment of severance payments. Till now such severance payments could be put in a standing right for the full untaxed gross amount. Continue reading “UPDATE: Last chance tax friendly treatment of severance payment”

Redundancy / Severance payment legal and tax

As you may have seen in the articles on our website we are well informed of all national and international tax related issues as regard to the redundancy / severance payment. We however also offer all legal advisory and assistance required when you are in the process of discussing your – rights to a – severance payment with your employer. Continue reading “Redundancy / Severance payment legal and tax”

Oberste Gerichtshof hat Fragen bezeichnet an den Gerichtshof der Europäischen Union auf der 150-Kilometer-Grenze für die Anwendung der 30%-Regel

Der Oberste Gerichtshof hat am August 9, 2013, Fragen bezeichnet an den Gerichtshof der Europäischen Union auf der 150-Kilometer-Grenze für die Anwendung der 30%-Regel. Nach dieser 30% Regelung kann ein niederländischer Arbeitgeber eine Pauschale bis zu einem gewissen unversteuert aus dem Ausland Mitarbeiter von kurzen 30% des Gehalts angezogen geben. Continue reading “Oberste Gerichtshof hat Fragen bezeichnet an den Gerichtshof der Europäischen Union auf der 150-Kilometer-Grenze für die Anwendung der 30%-Regel”

Supreme Court refers questions to the Court of Justice of the European Union on the 150-kilometer criterion under the 30% rule

The Supreme Court has on August 9th, 2013, referred questions to the Court of Justice of the European Union on the 150-kilometer border criterion for the application of the 30% rule. Under that scheme, a Dutch employer can give a flat fee to a certain untaxed attracted from abroad employee of short 30% of the salary. Continue reading “Supreme Court refers questions to the Court of Justice of the European Union on the 150-kilometer criterion under the 30% rule”