Is tax at source withheld on bank account interest?
Article ID: 445 | Last Updated: Thu, Sep 19, 2013 at 10:33 PM
Do Dutch banks deduct tax due on interest earned on accounts, like they do in England?
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.