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Welcome to the Expatax Knowledge Base containing hundreds of answers to questions we received about topics concerning tax, payroll, accounting, legal, business etc. related to the Netherlands. Search in our Knowledge Base or browse the different categories. Expatax is a Dutch tax and accounting firm specialized in assisting international workers, freelancers and companies. Don't hesitate to contact us if you need assistance or check our website.


Is tax at source withheld on bank account interest?

Question: 

Do Dutch banks deduct tax due on interest earned on accounts, like they do in England?

Answer:

No, in the Netherlands there is no tax at source on interest. Instead Dutch tax residents will have to declare the balance on the account at the beginning of the year in their tax return. 

Employees with the 30% ruling can opt to be treated as partial non residents and thus prevent that they have to declare the bank savings. 


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