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CREDIT CARDS • Credit cards are generally more expensive, which are encouraged to be paid of quickly. Most commercial banks use MasterCard or Visa – best for pre-existing users. INTERNET BANKING • Online banking is common in the Netherlands. • Pay bills directly or set up auto payments. Steps are in English but you can get a guide from the bank. OFFSHORE BANKING • This is an account held outside of your country of residence; offers benefits for those who wish to reduce tax liability. • Foreign banks are required to share account information of U.S. citizens with the Internal Revenue Service (IRS) • Non-residents in Netherlands pay tax on Dutch-Sourced income. • U.S. citizens or green card holders with 30% ruling can be considered non-resident taxpayers – which brings extra offshore banking benefits. • Pensions, investments and savings with fixed or variable interest rates can be arranged through a bank or licensed independent financial adviser (IFA). • Risks in depositing offshore vary and should be consulted with an adviser to ascertain your “Risk Profile”. • TIP: Before choosing a bank, ask yourself which bank is my money in, who owns it, what is its credit worthiness, and which jurisdiction does it fall under?

the specialist in international taxation Serving both businesses and individuals: • Tax advice • Full compliance service including administration • Expat services • Payroll services Find us at www.taxci.nl or meet us at World Trade Center 3rd floor Strawinskylaan 335 Amsterdam The Netherlands

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WWW.EXPATFAIR.NL • THE NETHERLANDS • SURVIVAL GUIDE FOR INTERNATIONALS 2021

Groot Handelsgebouw Suite b7.029 Stationsplein 45 Rotterdam The Netherlands

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Expat Survival Guide 2021 - The Netherlands  

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