30% ruling: exemption from taxation on savings
Article ID: 396 | Last Updated: Thu, Dec 10, 2015 at 7:47 AM
I have worked 2 years in the Netherlands under the 30% ruling scheme. How can I apply for exemption from taxation of savings and investments? Will the exemption also cover possible gains made with small scale stock trading?
Thank you for your help.
The tax return doesn‘t contain a question about the 30% ruling
. There is not a box which needs to be ticked if you want to apply for the exemption. So the only way to show that you claim this exemption is by not declaring the savings and investments at all. This is a leak in the system.
The tax authorities may contact you because they may say that you forgot to declare your savings and investments. You can then respond to them by stating that you have the 30% ruling and opt for partial non residence for tax purposes and as a consequence don‘t have to declare your savings and investments.
Be aware that a second property which you own in the Netherlands will have to be declared though. The exemption is not applicable on properties which you own in the Netherlands which are not your main residence.
Small scale stock trading also falls under the exemption. This can change if you have specific knowledge and skills with respect to stock trading for example due to your profession or if the stock trading exceeds a small scale. In that case the income will not be taxed as income from investments in box 3
but as result from other activities or even as self employed income in box 1
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