case<\/a> which District Court of The Hague recently ruled concerns a resident of the Netherlands who has placed his savings in Spanish bank accounts. The Dutch tax authorities find out the balances of these bank accounts by means of an information request to the Spanish tax authorities.<\/p>\n\n\n\nWorld income<\/h2>\n\n\n\n
Interested party's contention that the Netherlands should not levy income tax because Spain exempts these assets up to a value of \u20ac700,000 from taxation is hopeless from the outset. With interested party and the Inland Revenue agreeing that interested party is tax resident in the Netherlands, his world income is taxed in the Netherlands. World income is all income, wherever in the world it is generated. So to that obviously includes the flat-rate income from Spanish savings.<\/p>\n\n\n\n
Tax treaty<\/h2>\n\n\n\n
The tax treaty between the Netherlands and Spain also offers no solution to the interested party because it assigns the taxation of (interest on) savings to the state of residence, i.e. the Netherlands.<\/p>\n\n\n\n
Expats<\/h2>\n\n\n\n
Expats, among others, may run into this arrangement. When they become tax resident in the Netherlands, they have to pay income tax on all their assets in the Netherlands. Except with regard to real estate, the tax treaties allocate the levy to the state of residence. Expats who apply the 30% (extraterritorial expenses) scheme may choose to be taxed partially as a foreign taxpayer during the term of that scheme, despite being tax resident in the Netherlands. Their bank balances, including Dutch ones, will then not be taxed in the Netherlands. The same obviously applies to other assets, such as securities portfolios and receivables. As indicated above, the tax on real estate is always allocated in the tax treaties to the country where the real estate is located.<\/p>","protected":false},"excerpt":{"rendered":"
De inkomsten uit buitenlandse bankrekeningen van een inwoner van Nederland worden in Nederland met inkomstenbelasting belast. Spaanse bankrekeningen De zaak waarover Rechtbank Den Haag recent heeft beslist betreft een inwoner van Nederland die zijn spaargeld heeft ondergebracht in Spaanse bankrekeningen. De saldi van deze bankrekeningen achterhaalt de Nederlandse fiscus door middel van een informatieverzoek aan […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1386","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/1386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/comments?post=1386"}],"version-history":[{"count":1,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/1386\/revisions"}],"predecessor-version":[{"id":3398,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/1386\/revisions\/3398"}],"wp:attachment":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/media?parent=1386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/categories?post=1386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/tags?post=1386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}