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Expat Tax Regime in Netherlands To Be Modified

10-18-2011 10:33 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Nair & Co.

(Sunnyvale, CA)- The Dutch State Secretary for Finance, recently announced that changes would be made to the ‘30% ruling regime’ for expatriate employees in the Netherlands, which is expected to come into effect in 2012.

Expatriate employees in Netherlands, working on a temporary basis can avail of “the 30% ruling regime”, resulting in a 30% tax free employment income in their hands. This provision was introduced by the Dutch Government to compensate them for specific expatriate costs.

The current conditions for application of the ruling are:

For a non-resident taxpayer hired abroad by an employer resident in the Netherlands:

1. The employer must be obliged to withhold wage tax;
2. The employee must possess specific expertise which is not easily available in the Dutch domestic labor market;

Read more at http://www.nair-co.com/NetherlandsEmploymentLaw.aspx

Duration

The duration of the 30% ruling regime is of 120 months, which commences from the date of employment in Netherlands.

Proposed Changes

Expertise - the employee needs to possess specific expertise, which has limited availability in the domestic labor market; will be deemed to be met if the employee earns a minimum salary;
Time Period - the period which is taken into account for a reduction of the duration of the 30%-ruling will be increased from 10 to 25 years;

Read more at http://www.nair-co.com/NetherlandsEmploymentLaw.aspx

Learn more about Expat Tax.

About Nair & Co.
Nair & Co. provides an integrated solution in the HR, finance, tax, compliance and legal arenas making a company’s overseas operations less risky, stress free and more strategic. It currently has 750+ client operations in over 50 countries with offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing services providers in the world by the International Association of Outsourcing Professionals (IAOP).

Nandita Verma
Nair & Co.
(408) 515-9048
nandita.verma@nair-co.com
Nair & Co., 1250 Oakmead Parkway, Suite 210
Sunnyvale, CA 94085 United States

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