Netherlands: Living There - Tax Issues
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Living There
In general, EU citizens have a choice whether to be taxed as a resident or a non-resident in the Netherlands. Non-EU nationals on the other hand are considered residents for tax purposes within six months of residency in a tax year. As a resident you will be taxed on your worldwide income. Your owner-occupied home will now be taxed in Box 1 which was discussed earlier . Under Dutch law, home owners earn a taxable income from an owner-occupied dwelling -“imputed rent” this is a percentage of the true value of the property (waardering onroerende zaken or WOZ value) which is set at a maximum of 8%.
Income tax rates are the same for both residents and non-residents. There are no tax-free bands. The advantage of being taxed as a resident is the eligibility to avail of various levy rebates.
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