Tax When Working Abroad: What You Need to Know
Understanding Taxes When Working Abroad
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If you have the chance to work and live abroad, it’s important to know the tax implications. Your foreign employer may offer a good salary package that includes housing, pension contributions, and schooling for your kids, but you also need to think about your tax responsibilities in the Netherlands. Moving for a great job can bring up many questions and financial impacts. Our friendly tax advisors are here to guide you through it all.
Important Questions to Consider
As you prepare for your move, think about these questions:
- Family Situation: Will you be moving alone, or will your spouse and children stay in the Netherlands?
- Tax Responsibilities: Are you working in different countries for your foreign employer? Do you know your tax obligations there?
- Property Ownership: Do you own a home in the Netherlands and receive mortgage interest deductions?
- Tax Residency: Have you confirmed that your tax residency has changed to abroad? Are there any reasons you might still owe taxes in the Netherlands?
- National Insurance: What happens to your national insurance contributions while you are away?
- Health Insurance: Is your current health insurance good enough for you and your family while living abroad?
- Income Sources: Do you have both Dutch and foreign income?
- Tax Deductions: How do the Dutch annuity deductions work with your foreign income? Are you aware of any agreements to avoid double taxation?
- Maximizing Benefits: Are you making the most of your deductions, and are they taxed correctly in your new situation?
At De Voorwaarts Tax Advisors, we offer more than just tax advice. With almost 30 years of experience with international taxes, we can help you find solutions that could save you money, often with small changes. If needed, we can connect you with trusted experts in migration and other fields from our network.
Strong Relationships for Your Benefit
Our good relationships with tax authorities help us quickly address any questions with the relevant inspectors, giving you clarity and confidence during your move.