25 Jan 2023 | Dutch BV, Dutch Tax, US Tax
Through 2022 the way the Netherlands taxed savings and investments was based on a deemed asset allocation and a deemed rate of return. This was calculated in “Box 3”. So your tax was based on an asset allocation that was almost certainly not accurate and...
1 Oct 2022 | Dutch Tax, Foreign Tax Credits
If you were a Dutch resident taxpayer subject to “Box 3” tax in 2021, you may be completely confused at the moment and rightfully so! Some background: The Dutch supreme court decided that the methodology of “deemed income” from your savings and...
8 Jan 2021 | Dutch Tax, Foreign Tax Credits, Investing, Net Investment Income Tax (NIIT), Real Estate, US Tax
The most common complaint I hear about the Dutch tax system is the way that they tax income from savings and investments (e.g. interest, dividends and capital gains). This taxation occurs in “Box 3” of a Dutch tax return (“Box 1” covers wages,...
10 Dec 2012 | Dutch Tax, Investing, Net Investment Income Tax (NIIT)
Assuming no last-minute changes, the maximum US tax rate on long-term capital gains is set to increase on January 1, 2013, from 15% to 23.8% (including a 3.8% Medicare surcharge on investment income over $250,000). There is a lot of advice going around for people to...
24 Dec 2010 | Dutch Tax, Pensions
It’s getting close to the end of the year and the final deadline for Roth IRS conversions. The rules have been relaxed quite a bit so that pretty much anyone can convert their “Traditional” IRA to a “Roth” IRA. The cost of doing this for...
12 Feb 2010 | Dutch Tax, Pensions
To summarize the detailed explanation below, Dutch resident taxpayers should be very cautious about converting from a Traditional IRA to a Roth IRA. Here’s why: For 2010, the strict limits that have kept individuals from converting their...
