Contact

News & Insights

Changes to the Dutch 30% reimbursement ruling confirmed

And it appears the Dutch government has heeded the report, much to the disappointment of many expats who may have seen the 30% tax ruling as a main motivating factor in their decision to move to the country, because the time limit on the 30% ruling for expats will indeed be reduced to just five years, with effect from January 1, 2019.

The reduced duration will apply not only to new expats moving to the Netherlands but also to those already benefitting from the tax relief.

This means that the change has the potential to cause issues for those who may have based their expat financial planning in the Netherlands on the fact that they could claim the tax break for the full eight years.

Unsurprisingly, the announcement has been met with a backlash. DutchNews.nl reports that a petition has been set up on Change.org – titled International Professionals Against Retroactive Ruling – to urge the Dutch government to amend the rule change so that it only applies to future expats who move to the country after January 1, 2019.

Mike Arthur, who started the petition, believes that by making the five-year time limit retroactively apply to existing expats, it will negatively impact “thousands of expats in the Netherlands who have built their financial lives around the expectation that the Dutch government would honour the deal they offered us that brought us here in the first place”. At the time of writing, the petition has gained almost 12,000 signatures.

While it’s clear that the change to the Dutch tax break for expats is hardly welcome and many expats will be hoping the decision is reversed, if you know that the reduction to five years is going to affect you it’s probably a good time to prepare your finances the best you can.

Take action and plan ahead as early as possible – speaking to one of Blacktower’s financial advisers in the Netherlands is an effective way of making sure you do only what’s best for you and your money. So, if you’re at all concerned about how you may be affected by this news and would like to discuss your options with a professional, contact Blacktower today.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Term Life Insurance, a Priority for the Expat in Germany

Life insurance formLiving in Germany brings a few challenges for the expat. Not only do you have to negotiate the language and the culture you also have to get to grips with the German insurance system, which to anyone whose experience of insurance has largely been confined to the UK can seem incredibly complicated.

Yet, once you overcome your unfamiliarity, and get your head around the innumerable syllables of all the various “komposita” involved, you may be able to take advantage of the system so that it works in your best interests. Finding an expat wealth management specialist who has familiarity with the system and the products on offer is likely to be part of the solution to finding the cover that is best suited to your needs.

For example, finding risikolebensversicherung (term life insurance) is about securing cover for all of life’s eventualities so that your family and other dependents are properly looked after in the event you die before they do.

Read More

Expats in Germany – the Insider Survey lowdown

Outline of GermanyGermany has always been a popular EU country with those who want to relocate. And it appears there is good reason for it.

The recently released Expat Insider Survey 2017 tells us a lot about the country and portrays several of its key aspects in a very positive light, which is why it’s no surprise that Germany has such a large expat community. Such information will be invaluable to those planning to relocate to Germany in the near future, as it gives them a better idea of the sort of lifestyle they can expect and what other expats’ experiences have been like.

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information:

You are currently viewing the Blacktower Financial Management EU website.

You may be looking for the Blacktower United States website.

Blacktower United States > X Stay on this site

Or choose your country.