With the Netherlands' current low interest rates this is a topic of debate. You'd be surprised to learn about the refund possibilities you have as an expat in the Netherlands. This means you can avoid the property being taxed as an asset in Box 3. The first part concerns your situation while you were outside of the Netherlands, and the next part concerns your situation while in the Netherlands. Tax support for expats. However, if you don’t receive one of these blue invitations, it doesn’t mean you’re not eligible to file for tax returns in the Netherlands. Use our Dutch tax calculator to find out how much income tax you pay in the Netherlands. When deregistering you will need to supply a foreign address. Tax return in the Netherlands: which deductions J.C. Suurmond & zn. Usually this will save you time, money and worry! Lennart Suurmond is a tax advisor at J.C. Suurmond & zn. Do you work for a Dutch company and do you have to fill out your tax return in the Netherlands, then you may find it helpful to receive some expert advice from a specialist in expat tax cases. Basically, a tax consultant will make your life easier. Preparation and filing of the Dutch personal income tax return (M-Form) / tax declaration and assistance with mortgage interest deductions; Migration tax advice (moving to the Netherlands) Assignment in the Netherlands / secondment; Assistance with finding a house, opening bank account, insurance in the Netherlands The difference in tax needs to exceed €545 since you will only get the surplus refunded. Also, how long this allowance lasts depends on when you applied for the ruling. Income tax rates range from 9.45% to 49.5%, depending on income levels. Whilst every effort has been made to ensure accuracy, the publisher cannot accept responsibility for omissions and errors. You may also be entitled to tax deductions this year if you are a student and paying for your study — depending on what you are studying. Important dates for tax in the Netherlands, Extended deadline for individuals who apply for extension, Latest date tax return deadline can be extended to by a tax consultant, Personal tax deductions in the Netherlands. J.C. Suurmond & zn. The Dutch tax return deadline is on 1 May each year, and it’s important for expats to stay up to date with changes to income taxes in the Netherlands and be aware of how to file their tax returns. Score! When do you have to file an income tax return? Some Dutchies will be stressing to have this done by April 1, as then they can potentially get a refund by July 1. But this is not necessary and is only for those wanting to get money back as soon as possible. These costs include valuation costs, the fee for the NHG (National Mortgage Guarantee) and some of the notary fees relating to the mortgage loan. In case you sell the property, there is no capital gains tax. The Dutch Tax authority can become rather unpleasant when it comes to undeclared assets and actively takes part in the international combat against tax avoidance. If your only income is from employment in the Netherlands, tax is deducted at the source, and you don’t have to file a tax return. Tax return; Tax return . Here is a selection of articles, news and features you may also like. As of the 2022 tax year, tax deductions for your study costs will no longer be possible. If you are a domestic tax payer without the 30% ruling and have not yet declared your foreign assets (if their value is above the threshold) we strongly recommend that you check if your Dutch or foreign assets, bank account, real estate, shares etc. If you’re an expat and you’ve recently moved to … © 2019 All Rights Reserved. Once you have lived and worked in the Netherlands for an entire year as a tax paying resident, you file for your tax returns using a P-Form. Firstly, it must be filled out on paper — not online. The employees at. In this situation, you have usually spent part of the year living abroad and part of the year in the Netherlands, so the Dutch tax office needs to figure out just how much tax you should pay! Are you a freelancer? Finally, you need to apply for (and be approved) for the ruling by the government. #3 Personal tax deductions and how to do your tax return if you own a house? Filing a tax return as an expat in the Netherlands. In this article we inform you about gift tax in the Netherlands. You can apply for an extension if necessary, but you must do this before May 1. If you move out of the country you can rent out the house, sell it, or keep it for "own use". They may help you save money in areas you would not have seen yourself. But bear in mind you’ll need to meet some other conditions too in order to apply for an averaging refund: If you’re feeling a little overwhelmed, do yourself a favour and get some help from a tax advisor. If you want to know more about wealth tax changes and also the increased exemption in gift tax you can read this article. The Dutch tax year starts on January 1 and ends on December 31. The Dutch tax system can be tricky to understand as an expat, but this helpful guide provides clear information on everything you need to know. Tax consultants are experts in expat tax matters and will make sure the optimum tax status is applied for. Time to get stuck in the paper-work! The ACA Expat Tax Return Preparer Directory is an online directory to help connect overseas US citizen taxpayers with the most appropriate expat tax accountant. The deadline for submitting your 2015 tax return is May 1, 2016, so you must submit your return on or before April 30. When you start working in another country, a lot of (tax) issues can come up. Other personal tax deduction possibilities. Often forgotten but equally important is deregistration with the city council when you move out of the Netherlands. This is what tax advisors are for. It’s good to know that if you miss the April 30 deadline, you can apply for an extension (a tax advisor can help you with this). ). Image: Scott Graham/Unsplash. If you’re confused about what tax deductions you are entitled to as a homeowner there’s no need to pull your hair out. This site uses Akismet to reduce spam. Tell us your Dutch tax experiences in the comments below! are more than happy to take this papery weight off your shoulders and chances are they will make a discovery you didn’t realise! Whoopee! As much as we all dread this process, it’s an important one to complete as it can save you heaps of money when done. We are spezialised in preparing Dutch tax returns for expatriates living in the Netherlands or abroad. All material on this website (DutchReview) is strictly copyright and all rights reserved. The Dutch tax year is the same as the US tax year, however tax returns are due by May 1st. Emily grew up in South Africa but has also lived in Egypt, the UK, Canada and now the Netherlands. With their help, you can make the most of the tax season and make your life in the lowlands a little easier too. Tax returns — the grown-up matter we’ve all been somewhat ignoring is finally upon us: it’s time to file your taxes! The M-Form is only for the year that you immigrate to/migrate from the Netherlands. You’ll need to fill out a separate request within 36 months after the date of the Final Tax Assessments. Put simply, your personal situation may mean that you are entitled to claim money back on the tax you are due to pay. The reference date to determine your savings and investments is January 1 of each year. Image: Scott Graham/Unsplash. They will make sure you are aware of your obligations as well as any possibilities to lessen your tax burden. Or have you been transferred to the Netherlands as part of your work? When you are a domestic tax payer in the Netherlands and the 30% ruling does not apply to you, you are obligated to declare assets, such as shares, savings, and properties, if their value is above the tax-free threshold. If you own a house in the Netherlands which counts as your first residency, you can repay the mortgage in Box 1. Tax return for expats in the Netherlands (P-form, M-form) As a resident taxpayer of the Netherlands who benefits from the 30% ruling you can opt to be treated as a partial non-resident taxpayer. We're constantly hunting for the latest, greatest, and most Dutch spots for our readers. Sanders US Tax Services, Inc. is specialized in the preparation of tax returns for U.S. citizens living abroad. What has changed in 2020 for filing taxes in the Netherlands. If you are a non-domestic tax payer (C-form) or if the 30% ruling applies, you can opt for partial non-domestic taxation which does not require you to state your Dutch or other assets, apart from Dutch real estate. Need advice on the best way to file your 2015 tax return? Just like many other advice offices, we have an electronic tax return program with which the M-form can be filled in electronically (not on paper). Put simply, your personal situation may mean that you are entitled to claim money back on the tax you are due to pay. “However, this form is only available in Dutch, which makes the process more difficult for expats.”. The risk here is that you get taxed twice, which of course you want to avoid. The TaxSavers helps you with filing a … In general, a taxpayer must file a tax return in the Netherlands if they are liable for payment of income taxes in … We teamed up with expert tax consultants at, to bring you the most up-to-date advice on tax returns. You can claim money back on essential costs such as examination fees, certain software and any books/study materials that were necessary for your course. Note: The M-Form is only for the year that you immigrate to/migrate from the Netherlands. Daniel and his colleagues at HBK can create tailored tax plans for your personal situation. Being an expat in the Netherlands can make this process even more overwhelming than usual, but the money you could receive back makes the time and effort worth it (trust us). If you still feel overwhelmed and (understandably) confused, don’t worry. exceed the threshold. In the year that you arrive you will have to file a special tax form; it’s more complicated but gives you more opportunities for a refund. As mentioned earlier, the tax free amount for savings was 21.000 euros per person in 2015 for domestic tax payers. You have been a resident of the Netherlands for all three years which you wish you average. A good tax intermediary, such as, Tax deductions when you study in the Netherlands, You may also be entitled to tax deductions this year if you are a. By using this form you agree with the storage and handling of your data by this website. Every tax resident is entitled to 25.000 euros of tax free savings. Under the 30% ruling, incoming employees are granted a 30% fiscal break in order to cover their costs of moving to the Netherlands. A good expat tax intermediary can help you with all the implications that the 30% ruling has for your tax return in the Netherlands. The challenge is to know how to make use of such advantages and to find the best opportunities for claiming tax refunds. However, it’s important to bear in mind that there are a number of strict conditions that have to be met in order to be eligible for the 30% ruling. At Expatax we help businesses to comply with their payroll, tax and administration obligations in the Netherlands and we help individual expats to claim their Dutch tax benefits. When exactly depends on your tax position and the type of form you should file, see the overview below. If you do not deregister, the tax authorities will continue to view you as a domestic tax payer, and tax you as such. Also, the interest rate for mortgages in the Netherlands is currently at its lowest, which can make your monthly expenses even lower. The time to file taxes in the Netherlands rolls around each year in March and April. We serve individual expat clients all over the Netherlands with their income tax returns and other Dutch tax needs. Despite the Dutch Tax Authorities' slogan "We cannot make it nicer, but we can make it easier", even Dutch people often struggle with their tax return. Fill out the form below! In fact, for many U.S. expats, the Foreign Earned Income Exclusion (IRS Form 2555) and other deductions will … Unfortunately, every situation is different — so it’s best to chat with a tax advisor about your unique setup to save you some serious cash. What are personal deductible items you may ask? This makes you a domestic tax payer. “We deliver what gets you ahead,” says Daniel, “and we turn complex matters into simple solutions, with a personal touch.”, As much as we all dread this process, it’s an important one to complete as it can save you heaps of money when done. Save my name, email, and website in this browser for the next time I comment. It is important that the tax return is correct and that you don’t pay too much or too little. But bear with us, there are actually some advantages to being a bamboozled expat in the Netherlands. situation can also be affected. Tax return. You will need to have submitted your tax return forms by April 30 at the latest — set a reminder, put it in your calendar, tattoo this date into your brain if you have to. The Netherlands has a tax year which runs from the 1st of January to the 31st of December. Consultants such as. An M- form is a tax return form which has to be filled in after the year that you left the Netherlands or came to the Netherlands. If you are living here for a longer period, buying a house is often more favourable then renting. In this case, your income tax over the past three years can be averaged out, and you can get significant refunds. For 2017, the assumed return on your savings and investments is: The assumed return is taxed against 30% income tax. It is strongly recommended that you turn to a tax advisor when it comes to dealing with the monstrosity that is the M-form. However, if you don't submit a return then you might be paying too much tax, for example, if you only worked part of the year or if you have deductible expenses such as study costs. For foreign real estate you should request "double taxation deduction". What do you need to know about the Netherlands? Our friends Daniel and Saskia are specialized in expat tax matters at HBK, and can give you tailored advice on your tax situation. The deadline for this is normally July 1. You can claim money back on essential costs such as examination fees, certain software and any books/study materials that were necessary for your course.Daniel from HBK can help you out with that tricky tax knowledge. Before we get stuck in, let’s start with the good news! There’s a whole range of personal deductible items that are valid for your tax return in 2021. The M stands for migration, meaning — you guessed it — you must fill it out when filing your tax return for the year you either migrate to, or leave the Netherlands as a taxpayer. The charities must be recognised as an “institution or organisation for public benefit” and have a non-profit motive. In 2015 the threshold is 21.000 euros per person, and in 2016 it is 24.437 euros, or double for fiscal partners. “We deliver what gets you ahead,” says Daniel, “and we turn complex matters into simple solutions, with a personal touch.”. It is strongly recommended that you turn to a tax advisor when it comes to dealing with the monstrosity that is the M-form. Use our free tax scan to see if you are eligible for a tax refund. The M-form must always be submitted before 1 July of a year. Tax return 2020; Tax return 2016-2019; Personal Income statement; Provisional assessment; Worldwide income return; Don’t agree with an assessment? They can help you check whether you are entitled to a refund over the three years combined and fill out the form, so you can get that surplus of €545 added to your bank account. Tax returns in The Netherlands for individuals and small business owners can be hard. For the most recent two years no fine is due. “You can request for averaging by filling out a form and sending it to the Dutch tax authorities,” explains Daniel. Let’s run through some situations that may entitle you to personal tax deductions in the Netherlands this tax season. When she's not daydreaming about sci-fi movies or countries yet to explore, you can find her writing for DutchReview. Tax returns must be filed by the 1st of April in the next year with the office of the Dutch Finance Ministry. Maybe you’ve had different jobs in the past three years, or went through a patch of unemployment? https://www.irs.gov/individuals/international-taxpayers/expatriation-tax Expat tax return service: fully tailored support for expats in the Netherlands As an expat, the Dutch tax system will be a lot to understand and to find your way in. I am happy to help internationals structuring their situation in such a way that they gain maximum tax benefit. Whether you're a Dutch citizen or an expat, you are required to , translating to “mortgage interest deduction.” Under this, you can declare the interest you pay on your mortgage and deduct it from the amount of your taxable income, on which you have to pay taxes. If so, you’ve had what they call a fluctuating income. The employees at HBK are more than happy to take this papery weight off your shoulders and chances are they will make a discovery you didn’t realise! What is a tax consultant and do I need one as an expat in the Netherlands? The income tax return needs to be filed in the consecutive year. We are specialized in tax returns with an international situation like M-forms and C … A mysterious blue envelope might have slipped through your mailbox recently, inviting you to the magical wizarding school of…oh no sorry, inviting you to file for tax returns. What are personal deductible items you may ask? For expats, tax consequences differ based on residency status and one’s personal situation. “Other examples of deductions are specific medical expenses,” he says. In a nutshell? Usually, this means bills to pay, but if you do things correctly there’s a chance you can also get some money back from your taxes in the previous year — so, in 2021 you will be filing for your 2020 tax returns. However, it’s important to bear in mind that there are a number of. It is March again, which means that it is time to file your Dutch personal income tax return. The mortgage on your primary residence, as well as mortgage-related expenses, is still fully tax deductible. that have to be met in order to be eligible for the 30% ruling. Whether your degree entitles you to a tax deduction depends on the job it is intended to prepare you for and whether it will increase your taxable income. Select 'Self Employment' to calculate your net income if you are a sole trader. A tax consultant will advise you on your tax situation. Optimizing refunds for expats since 2003. The official deadline for filing your Dutch tax return is the 1st May of 2019, however, there’s no need to panic, as this deadline can be extended if you just can’t face it right now. You will need to have submitted your tax return forms by. Filing taxes in the Netherlands and another country: How to avoid double taxation, The infamous M-form: a guide for expats in the Netherlands. means bills to pay, but if you do things correctly there’s a chance you can also get some money back from your taxes in the previous year — so, in 2021 you will be filing for your 2020 tax returns. Public benefit ” and have a non-profit motive and now the Netherlands interest rate for in! Little less scared of that pesky blue envelope that there are many situations that may you. Return ( s ) - specialised in online tax services, Inc. is specialized in expat tax matters and make... They may help you your brain if you are due to pay about the refund you. Invitation to file a tax consultant is a selection of articles, news and features may... Your personal situation may mean that you are due to pay recent two years no fine is due …... - even if you are entitled to claim money back on the tax authorities notice that you throughout... 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