Knowledge Base


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. 


Attached Files
There are no attachments for this article.
Comments
There are no comments for this article. Be the first to post a comment.
Name
Email
Security Code Security Code
Related Articles RSS Feed
Do I need to pay tax on maintenance or alimony which I received from my ex-partner?
Viewed 4949 times since Wed, Nov 14, 2012
What is the 4% notional income in box 3?
Viewed 4183 times since Tue, Jun 25, 2013
Fake phishing emails which seem to come from the Dutch tax authorities
Viewed 14536 times since Thu, Jan 17, 2013
Writing yourself off the Dutch system
Viewed 2945 times since Thu, Aug 7, 2014
Taxation of spouse alimony
Viewed 2219 times since Fri, Aug 30, 2013
Capital gains tax on property sale
Viewed 5420 times since Thu, Apr 12, 2012
How long do I have to keep my financial administration?
Viewed 4942 times since Sun, Dec 11, 2011
I may earn an income in two countries. Can I reduce tax rates this way?
Viewed 5579 times since Tue, Dec 6, 2011
I live in NL but am to receive an inheritance from the UK. Will I need to pay tax on the inheritance in the Netherlands?
Viewed 7346 times since Tue, Jan 10, 2012
I want to buy a property outside the Netherlands. What are the tax consequences?
Viewed 4326 times since Tue, Jan 10, 2012