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I live in Germany and have a bank saving account in the Netherlands. Am I subjected to pay tax?

Question:

I live in Germany and have a bank saving account in the Netherlands which has been returning (due to a 2.1% interest) on average around 400 Eur annually. I do not have any other asset in the Netherlands. Am I subjected to pay tax? 

Answer:

If you are living in Germany and only have a bank account in the Netherlands then you are not subject to tax in the Netherlands. You need to declare the bank account in your German tax return. 

There is no tax at source on interest in the Netherlands either.


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