Taxable income from foreign savings and investments for Dutch residents

Taxable income from foreign savings and investments for Dutch residents

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Broadstreet has been advising professionals, entrepreneurs and expats on reaching their personal and financial goals for over 25 years. In this article, they explain how tax works on your foreign assets.

The Dutch tax law mandates all Dutch resident with investments, savings or property with a value of more than 25.000 euros (tax partners 50.000 euros) to declare these items in box 3 of their annual personal tax return.

The net assets (the fair market value of the assets after the deduction of the fair market value of the debts) are valued on the reference date of January 1 of the relating tax year. So for the 2017 income tax return, the reference date is January 1, 2017.

Foreign investments and property

The same tax rules apply to savings and investments outside the Netherlands. These are taxed against the same tax rates.

However, for foreign property there are special rules. An exemption can probably be claimed in the Dutch personal income tax return. It is advisable to check the tax implications on the basis of the tax treaty between the applicable countries.


Some examples of assets and debts (in and outside the Netherlands) that fall into box 3 are: 

  • Savings.  
  • A second home or a let property.  
  • Shares and other securities (if they are less than 5 percent).  
  • Consumer loans.  
  • Debts that do not belong in either Box 1 or Box 2.

Note that if you have received dividends on your investments and dividend tax is withheld, that dividend tax can be offset against the total tax bill.

Measures if foreign investments are not included in the Dutch tax return

The Dutch tax office can levy 12 years retrospectively if foreign investments are not included in the Dutch tax return.

The tax assessment will include interest on the retrospectively levied tax amount. They may also impose a fine, which could run up to 300 percent of the tax on the neglected assets.

If the tax office suspects fraud, they could even prosecute a person criminally.

Tax rates 2017

There are three tax rates in box 3:

€ 25.000 € 100.000 0,86%
€ 100.000 € 1.000.000 1,38%
€ 1.000.000   1,62%

Taxpayers are entitled to a tax-free threshold of 25.000 euros (tax-exempt capital).

Looking for guidance on how to file your taxes in the Netherlands? Contact Broadstreet, providing specialist tax and accountancy services to expats.

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Patricia van der Hut


Patricia van der Hut

Patricia van der Hut is partner at Broadstreet. Broadstreet is specialized in rendering services to expats in the areas of tax, accountancy and payrolling.

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Fabio Di Lena 17:41 | 9 October 2017

What happens if the 30% ruling applies? No need to declare in box 3, right?

MohamedKaddour 14:49 | 11 October 2017

Hi Fabio, Thank you for your comment. If the 30% ruling is applicable you can opt for the partial non-resident taxpayer status. If you opt for the partial non-resident taxpayer status, your taxable income from savings and investments in box 3 will be exempt from income tax. Property that is located in the Netherlands is however always taxed in the Netherlands. Best, Mohamed

trotor 08:25 | 1 December 2017

Hi Is it necessary to declare fund investments if they are held in the netherlands. This is in the case of 30% ruling, partial non resident status. I have seen that a substantial share interest or a property in the netherlands need to be declared but nothing about normal share or fund holdings. Thanks

MohamedKaddour 10:20 | 4 December 2017

Hi Trotor, Thank you for your comment. If it concerns normal shares or fund holdings which would normally be part of box 3, then it don't needs to be declared in box 3 in case you opt for the partial non-resident taxpayer status. Best, Mohamed

Carlos_Pedrosa 12:48 | 5 January 2019

Thanks, very good analysis

Giorgos Siel 14:26 | 6 February 2019

What happens if I live, work and pay taxes through my salary in the Netherlands and own stocks from a foreign stock market? (e.g. Apple stocks from the U.S. stock market). Are they still taxed in box 3?