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Hero Image:11 Key Differences Between NRE and NRO Accounts

11 Key Differences Between NRE and NRO Accounts

Hero image: Part 1: Before Moving to the Netherlands Tax Residency, 30% Ruling & Dutch Tax System Moving to the Netherlands for work can be financially rewarding but it’s important to understand the Dutch tax system before you move. The important questions for Indian professionals are not just how much income tax you pay but also, When do you become Dutch tax resident? Do you qualify for 30% ruling? How is your worldwide income and assets treated? How does India-Netherlands tax treaty impact you? Who Is Considered a Tax Resident in the Netherlands? In the Netherlands, tax residency depends on your personal and economic situation, rather than how many days you are in the country. Your place of residence, the place where your family live, where you work and where you have economic interests may all be relevant in determining whether you are to be treated as a resident taxpayer. If you live in the Netherlands, you are generally deemed to be a resident taxpayer by the Dutch Tax Administration. If you live outside the Netherlands but have income from the Netherlands that the country is allowed to tax, you may be a non-resident taxpayer instead. This distinction is important because a resident and non-resident taxpayer may have different reporting and tax obligations. What Is the Netherlands Tax Year? The Dutch tax year normally coincides with the calendar year (1 January – 31 December). Income, deductions and other financial information for the relevant tax year are reviewed. If you move to or from the Netherlands during the year, your situation may need special attention when filing your tax return. When you emigrate from or immigrate to the Netherlands in a tax year, the Dutch Tax Administration will use a special M-form for the tax return in question. Do You Have to File a Tax Return in the Netherlands? Not everyone has to meet the same filing requirements. However, you may be required to file a Dutch income tax return if the Tax Administration asks you to do so, or if you have tax to pay or are entitled to a refund. Non-resident taxpayers Non-resident taxpayers are people who live outside the Netherlands but have taxable Dutch income. The Dutch Tax Administration has developed a specific return process for non-residents. If you are an Indian professional moving to the Netherlands, keeping salary statements, investment records, bank information and other relevant documents from the start can make annual tax filing considerably easier. What Is the 30% Rule in the Netherlands? The 30% ruling is a Dutch tax advantage for certain foreign-recruited employes, also known as the Expat Scheme or 30% facility. Where applicable, the employer can provide a tax free allowance to compensate the additional costs of temporarily working in the Netherlands. At present, a tax-free allowance, subject to conditions and limits, of up to 30% of salary can be granted to eligible employes. Please be aware that the 30% ruling is not a 30% deduction on your income tax automatically. It is an employer-provided, tax-free benefit, available when the required conditions are met and the arrangement is approved. What Are the 30% Ruling Requirements for Foreigners? There are a few conditions. The main salary ceilings for 2026 for employes with specific expertise are: €48,013 (excluding the tax-free supplement). For employes under 30 years old with a Dutch academic master’s degree or an equivalent qualification obtained abroad, the threshold is lower, at €36,497. Some doctors and scientists training for specialist training are able to qualify under separate rules that do not require the same salary. You also usually have to be recruited from abroad to work in the Netherlands and meet the distance requirement. The Tax Administration requires that you have lived more than 16 months at a distance of over 150 kilometres from the Dutch border during the 24 months preceding your first day of work in the Netherlands. This is particularly relevant for professionals migrating from India, as the overseas recruitment and residence conditions form an important component of establishing eligibility. How Long Does the 30% Ruling Last? The 30% facility is available for a maximum period of five years, but previous periods of residence or work in the Netherlands may reduce the available period in some circumstances. The benefit has also increased in the last few years. For arrangements caught by the phased reduction from 2024, the proportion of tax-free: 30% for the first 20 months, 20% for the next 20 months and 10% for the last 20 months. So if you are moving to the Netherlands in 2026, don’t think that the old “30% for five years” description is still the current rule. What Is the 30% Rule in Amsterdam? There is not a separate Amsterdam 30% ruling. The 30% facility is a national Dutch tax scheme and not a benefit specifically for Amsterdam. For example, an employe in Amsterdam who is eligible under the national rules may also be eligible if he/she works in another part of the Netherlands. It’s not just the city you work in, it’s your employment, recruitment, salary, previous residence and other eligibility requirements that really matter. Is the Netherlands Really a 75% Tax Country? It can be misleading to say that the Netherlands has a 75 % income tax rate . Dutch taxation is based on progressive rates of income tax and different tax boxes, deductions and credits. Therefore the headline tax rate is not the same as the percentage of your total salary that is automatically deducted in tax. Your actual tax burden depends on your income and circumstances, deductions, possible credits and whether special arrangements such as the 30% facility apply. For an expat, knowing how much tax you will actually pay is far more useful than a single headline percentage. What Is Box 3 Tax in the Netherlands? The Dutch tax system separates different types of income into separate categories called Box 1, Box 2 and Box 3. Box 3 is of particular importance for investors and persons with savings and other assets. Box 3 Income from savings and investments Box 3 uses different rules to employment income in Box 1. The system has undergone fundamental changes following Dutch court rulings regarding the taxation of actual investment returns. Box 3 income for provisional assessments for 2026 is calculated by the Tax Administration using transitional legislation and different assumed return percentages for categories such as bank balances and investments. If the actual return of the taxpayer is lower than the calculated return, the actual return may be relevant to determine the final assessment. Here’s where Box 3 is especially relevant to Indian professionals arriving with significant savings, investments or other assets. What About Indian Assets After Moving to the Netherlands? An Indian professional going to the Netherlands should not take it for granted that investments held in India are automatically outside the Dutch tax system. Your tax position in the Netherlands will depend on your residency status, the nature and location of the assets, the applicable Dutch rules and any relevant provisions of tax treaties. And that is one of the reasons why international tax planning should ideally be done before moving and not after your first Dutch tax return. How Does the India–Netherlands DTAA Help? There is Double Taxation Avoidance Agreement (DTAA) between India and Netherlands. Tax treaties determine which country has taxing rights over different categories of income and can provide mechanisms for avoiding double taxation. The treaty may also become relevant for income including employment income, investments, pensions and certain capital gains for an individual moving from India to the Netherlands. But the treaty does not mean that any overseas asset or income stream is automatically tax-free. The specific income, your tax residence and the relevant treaty article are all important. Can You Avoid Double Taxation in the Netherlands? Potentially, yes — but the approach varies by income type and countries involved. The Dutch Government explains that international tax treaties determine which country may tax certain income and that this helps to prevent the same income from being taxed twice. Hence for any Indian NRI or for a professional moving to Netherlands, it becomes important to consider the Dutch domestic tax rules and the India Netherlands DTAA in conjunction and not in isolation. What Should Indian Professionals Do Before Moving? Before you move, find out what your expected Dutch salary will be, whether your employer will apply for the 30% facility, review your current investments in India and understand how your tax residency will change. Also check large investments and assets before becoming a Dutch tax resident, especially if you have large savings, securities or real estate. It’s not just about cutting tax. It is to ensure your income, investments and reporting obligations are set up correctly in both countries. Key Takeaway The Netherlands can be an attractive location for international professionals, especially in sectors for which the 30% facility is relevant. But the tax system is more complicated than the frequently stated “30% ruling” or “75% tax rate” suggest. Tax residency in the Netherlands, eligibility for the 30% facility, exposure to Box 3, Indian tax residency, the India-Netherlands DTAA and the treatment of existing Indian assets are key considerations for Indian professionals before they relocate. If you understand these issues before you move, you’ll be better able to make decisions about your salary, your investments and your long-term wealth. Highly Skilled Migrant Visa, Permanent Residency & Box 3 The first step for an Indian professional who is planning to move to The Netherlands is to get a residence permit. Your salary, employer, immigration status and existing assets can all affect your financial planning. This group discusses the Highly Skilled Migrant route, permanent residence and one of the most important areas for people with significant savings or investments; Box 3 taxation. What Is the Netherlands Highly Skilled Migrant Visa? The residence permit for highly skilled migrants (kennismigranten) in the Netherlands is a residence permit for qualified foreign professionals working for recognised Dutch sponsors. The application is usually made by the employer, rather than the employe. The IND (Immigration and Naturalisation Service) must recognise the employer and the employe must meet the relevant income and employment conditions. The agreed salary should also be in line with the market rate for the position. What Is the Minimum Salary for a Highly Skilled Migrant in the Netherlands in 2026? The required salary depends on factors including age and whether the reduced salary criterion applies. For 2026, the IND lists the following gross monthly amounts, excluding holiday allowance: Highly skilled migrant aged 30 or over: €5,942 Highly skilled migrant under 30: €4,357 Reduced salary criterion: €3,122 The reduced criterion can apply in specific circumstances, including certain applicants transitioning from an orientation-year residence permit. These amounts are important because earning below the applicable threshold can affect eligibility for the Highly Skilled Migrant residence permit. Does the Salary Requirement Change? Yes. The IND periodically updates its required income amounts. The applicable amounts for 2026 are determined as of 1 January 2026 and the current guidance from the IND confirms the applicable amounts for Highly Skilled Migrants for the whole period 2026. So, applicants should always check the latest IND requirements rather than relying on salary thresholds quoted in older relocation articles. How Long Does the Netherlands Highly Skilled Migrant Visa Take? How long it takes to process will depend on the circumstances and if your employer is an approved sponsor already. Applicants are advised not to rely on unofficial “X days” estimates, but to check the current IND processing information and ensure the employer has submitted a complete application. The process can be delayed by missing documents, incorrect salary information or by not fulfilling the applicable conditions. Can I Get Netherlands Permanent Residency From India? You cannot normally apply directly for Dutch permanent residence from India simply because you want to move there. Permanent residence is usually a later stage immigration status. You will need to live in the Netherlands with a qualifying residence permit and meet the conditions for permanent residence or long-term EU residence first. For long-term residence in the EU, the IND requires that you already live in the Netherlands with a residence permit and meet the applicable conditions. And so the normal course for an Indian professional is: Employment offer → Highly Skilled Migrant residence permit → qualifying residence period → permanent/long-term residence application The exact route depends on your residence history and circumstances. Can I Lose My Dutch Permanent Residency? A permanent residency gives you a lot more stability than a temporary work permit. But that doesn’t mean you can ignore Dutch immigration rules forever. For anyone considering moving out of the Netherlands, an important consideration is the impact of extended absence on residence rights. So if you get permanent residence and then move permanently to another country you need to check the rules with the IND before you assume that the status will remain unchanged forever. This is especially true for Indian professionals who may one day return to India. Understanding Box 3 Before You Move Immigration is only half the equation. If you are moving to the Netherlands with substantial investments, savings, securities or property, you need to get your head around Box 3 – the Dutch tax system’s scheme for savings and investments. What Is Box 3 in the Netherlands? Dutch income taxation is divided into three broad categories, or "boxes." Box 1 generally covers income from employment and home ownership. Box 2 generally applies to substantial shareholdings. Box 3 deals with income from savings and investments. For someone relocating from India, Box 3 can become particularly important because your financial position may include assets accumulated before moving to the Netherlands. How Is Box 3 Taxed? Box 3 is not just a tax on your salary. It is concerned with the return associated with assets such as savings, investments and other assets rather than. The Dutch system is undergoing major changes following Supreme Court rulings on whether taxation should be based on taxpayers' actual returns. The Dutch Tax Administration applies transitional legislation for the provisional assessment of 2026 and uses different assumed return percentages depending on the type of asset. The provisional rates for 2026 are 1.28% on bank balances and 6.00% on investments and other assets. There is a separate rate for debts. Tax and Customs Administration However, these provisional calculations are not necessarily the final word. What Happens If My Actual Return Is Lower? This is a significant development in Dutch Box 3 taxation. According to the Tax Administration, if the actual return is lower than the notional return, the actual return must be taken into account, according to rulings of the Dutch Supreme Court. The Tax Administration uses the statutory notional percentages for the provisional assessment for 2026, because the actual return for the whole year is not yet known. The final tax return processing will be impacted by a lower actual return on the tax computation. (Authority for taxation) So, looking at the published Box 3 percentage doesn’t necessarily tell you your final tax burden. What Is Box 3 Real Estate? Depending on the property and the situation of the taxpayer, real estate can also be part of the Box 3 system. The Dutch Tax Administration has examples of specific calculations for holiday homes in the Netherlands owned by non-resident taxpayers. For 2026 it may be based on the WOZ value of the property . The reference date of 1 January 2025 for the 2026 tax year . The Tax Administration also has separate rules for the calculation of actual returns. This is particularly relevant for Indian professionals who are looking to buy a second property or an investment property in the Netherlands. What About Indian Investments After Moving? Suppose you have built a portfolio in India before relocating. You may have: Indian bank deposits Mutual funds Shares Bonds Investment properties Other financial assets Simply moving to the Netherlands does not mean these assets automatically become irrelevant for Dutch tax purposes. Your tax residence, the type of asset, Dutch rules and any applicable tax treaty provisions determine how assets are treated for Dutch tax purposes. This is why it can be useful to review your Indian portfolio before you move, especially if you have a large portfolio of assets. What About Dutch Property for Indian Expats? If you are considering purchasing property in the Netherlands, don't look only at the purchase price and mortgage. You should also consider: Purchase-related costs → annual property-related costs → taxation → financing → future sale → residency status The tax treatment can differ depending on whether the property is your primary home, an investment property or another type of real estate. If you later become a non-resident and retain Dutch property, Dutch taxation can still apply to certain Dutch-source assets. The Tax Administration specifically provides Box 3 calculation guidance for non-resident taxpayers who own Dutch holiday property. What Should Indians Check Before Moving? Ideally, your pre-move financial review when you are moving from India to the Netherlands should cover your immigration eligibility as well as your current wealth. First, check that your prospective employer is an IND-recognised sponsor and your salary meets the applicable Highly Skilled Migrant threshold. Second, get a grip on your Dutch tax situation. Third, review your Indian assets before becoming a tax resident of the Netherlands. Finally, ask yourself if investments, properties or financial accounts that made sense when you were living in India, still make sense after your move. Key Takeaway Moving to the Netherlands for Indian professionals is more than simply getting a job and a residence permit. The Highly Skilled Migrant salary threshold, the employer sponsorship, the permanent residency route and the Box 3 treatment of savings and investments can all make a significant difference to your long-term financial position. In 2026 the income requirement for the Highly Skilled Migrant will be between the lowered standard of €3,122 and €5,942 for professionals age 30 or older, based on the category. (IND) At the same time, Box 3 is a shifting area of Dutch taxation, particularly for those with large investments or real estate. Knowing about these issues before you move can help you make better decisions about employment, investments and your international wealth structure. Pension, AOW, Banking & Health Insurance Moving to the Netherlands is more than knowing about your salary and taxes. 3 practical areas to plan before relocation for Indian professionals and families: pension, healthcare, and banking. If you know how the Dutch AOW system works, if you can take your pension rights with you when you leave, how Dutch bank accounts work and what health insurance you need, you can prevent financial surprises later. How Much Is the AOW Pension in the Netherlands? The Dutch state pension is the AOW (Algemene Ouderdomswet). It is not the same as an employer pension and is administered by the Social Insurance Bank (SVB). Your AOW entitlement is based on the period you were insured in the Dutch AOW scheme. The number of years you worked does not automatically translate into a full pension. In general, a person will have acquired AOW insurance during the 50 years leading up to his or her AOW pension age. This counts as one insured year toward the eventual AOW entitlement. This means that an Indian professional moving to the Netherlands later in their career should not take for granted that a relatively short Dutch working period will, by itself, result in a full AOW pension. How Many Years Do You Need to Work in the Netherlands to Get AOW? It is a common misunderstanding to think that you have to have worked for a number of years in the Netherlands to qualify. AOW is mainly connected to insurance under the Dutch national insurance scheme and not only to employment. If you are insured for the full 50-year period before you reach your AOW pension age, you can build up the full entitlement. In general, the eventual AOW entitlement is reduced by 2% for each year that you are not insured. So someone who moves to the Netherlands at age 35 and stays insured until they reach their AOW age will have a very different entitlement than someone who arrives just before retirement. The exact result depends on your insurance history and personal situation. The SVB decides whether you are insured and what entitlement you have. Do Expats Get a Pension in the Netherlands? Yes, expats can build up Dutch pension rights, but it is important to distinguish between AOW and occupational pensions. AOW is the national pension. An occupational pension is normally built up thru a pension scheme run by an employer. The amount of your contribution and therefore the amount of the benefits that you will receive will depend on your employment and pension arrangement. So an Indian professional should consider both while evaluating the long term value of a Dutch employment package. Another offer with a better employer pension contribution may not be financially equivalent for a job with a higher salary but a different pension plan. What Happens to Your Dutch Pension If You Leave the Netherlands? Leaving the Netherlands does not mean that you lose your accrued pension rights. Your AOW position can still exist, even if you later live abroad. But moving outside the Netherlands can affect how much you receive and the rules about when you receive it. The SVB points out that the AOW rate can be affected if you move to another country. If you are already receiving AOW and you live outside the Netherlands, in principle you can have your pension paid into a bank account outside the Netherlands. How you are paid and how much you are paid may depend on the country in which you live. This is particularly important for an Indian professional who wants to go back to India at some point. Can You Receive AOW While Living Outside the Netherlands? Yes, under many circumstances. The SVB has a special procedure for persons who are living outside the Netherlands and wish to claim their AOW pension. If you do not live in the EU/EEA or a country with a relevant social-security agreement, the SVB recommends that you contact them about six months before you become entitled to the AOW pension. But the fact that you may receive AOW when living abroad does not mean that the sum will always be the same as if you lived in the Netherlands. Which rate applies depends on where you live and your living situation. Can You Continue Building AOW After Leaving? In some cases it is possible to take out voluntary AOW insurance after you have left the Netherlands. The SVB says that you normally need to have been insured under the Dutch AOW and Anw schemes for at least a full year before you leave. Under the applicable conditions you are also required to take out voluntary insurance within one year after you start living or working outside the Netherlands. This may be worth looking into for someone planning to spend a lot of time outside the Netherlands but wants to hold onto extra Dutch AOW coverage. Banking in the Netherlands Can a Non-Resident Open a Bank Account in the Netherlands? The banking requirements will vary depending on your residency, immigration status and the policies of the individual bank. If you are moving to the Netherlands for work, opening a local bank account can make salary payments, rent, utilities and everyday transactions a lot easier. But don’t expect all Dutch banks to offer a non-resident the same kind of account. Banks may request identification, proof of address, tax-residency information and any other documentation required by their customer due-diligence procedures. For someone moving from India, it is therefore useful to distinguish between: Opening an account before moving → opening an account after arrival → maintaining the account after leaving the Netherlands. The third stage is particularly important for NRIs who eventually return to India. Should You Close Your Dutch Bank Account When You Leave? Not always. If you go back to India, you might still have valid reasons for keeping a Dutch account, such as to receive pension payments, look after investments or settle outstanding financial obligations. But whether you can keep a certain account depends on the bank’s rules and your new country of residence. You are required to inform the bank of a change of residential address or tax residency instead of continuing to run the account as if you still lived in the Netherlands. This is particularly relevant where financial institutions may have reporting and compliance obligations for customers who become tax residents in another country. Health Insurance for Expats Is Health Insurance Mandatory in the Netherlands? Yes. As a rule, everyone living or working in the Netherlands is legally required to have Dutch standard health insurance. GP visits, hospital treatment and prescription medicines are covered under the standard package. This is an important difference for Indian professionals accustomed to employer or private medical insurance in India. Generally, an Indian health insurance policy is not enough to substitute the need for Dutch health insurance. Dutch health insurance is compulsory for people who are coming to live or work in the Netherlands, even if they have medical insurance in another country. How Quickly Do You Need to Get Dutch Health Insurance? If you are coming to live or work in the Netherlands, you should arrange Dutch health insurance as soon as possible and no later than four months after your arrival. Crucially, the cover is usually needed from the time you come under the Dutch insurance system. So waiting several months when you already have Indian medical insurance can create unnecessary problems. What Does Dutch Basic Health Insurance Cover? The government determines the standard package, rather than individual insurers. It includes essential healthcare such as: General practitioner care Hospital treatment Prescription medicines Certain specialist care Every insurer offering the standard package must provide the same government-defined basic coverage, although premiums and service can differ. Do You Need Additional Health Insurance? I don't know. Compulsory basic health insurance, optional supplementary insurance. Additional policies may include services that are not fully covered in the standard package, such as some dental or other extra healthcare costs. So for an Indian family moving to the Netherlands, it’s not about choosing the highest policy but basing the choice on anticipated healthcare needs. What Should Indian Professionals Plan Before Moving? Don't just look at your headline salary when you move. When you are planning your finances, you should take into account how much AOW you will realistically be able to accrue, if your employer offers an occupational pension, what will happen to your pension rights if you return to India, how you will manage your Dutch and Indian bank accounts, and what healthcare coverage your family will require. For example, a professional who intends to move to the Netherlands for ten years has very different pension and financial considerations than someone who is planning to settle permanently. Likewise, if you’re married with kids, add healthcare costs and insurance plans to the relocation budget instead of treating them as an afterthought. Key Takeaway AOW is not just a pension you get because you worked there if you are an Indian professional moving to Netherlands. Your entitlement depends on your insurance record and each year you are not insured can affect your eventual entitlement. Leaving the Netherlands does not mean that you will necessarily lose your accrued pension rights and in most cases AOW can be paid while you live abroad. However, the rules governing the applicable amount and payment may change when you move to another country. Another area that requires immediate attention is health care. If you live or work in the Netherlands, you usually need Dutch basic health insurance. This also applies if you have insurance in India. For anyone considering a long-term move, these decisions should be looked at in conjunction with tax residency, the 30% facility, investments and immigration status rather than separately. Part 2 – Returning to India: Leaving the Netherlands, Tax, Pension & Financial Transition However, your financial planning does not end there when you decide to leave the Netherlands after deregistration from the municipality. Before you leave and after you have left you will need to review your Dutch tax position, 30% ruling, pension rights, Dutch property, bank accounts and social security benefits. The transition may also trigger cross-border tax and reporting considerations for Indian professionals returning to India. What Should You Do When Leaving the Netherlands? As a general rule, when you leave the Netherlands, you will change from a resident taxpayer to a non-resident taxpayer. However, the exact treatment will depend on your circumstances. One of the first things to do is get your tax return sorted for the year you leave. If you were in the Netherlands only part of the year, you normally use the migration return, called the M form. This return can be filed on paper M form or online and is accepted by the Dutch Tax Administration. You should also review your: Dutch employment income investments and other assets pension and annuity rights Dutch property bank accounts insurance policies tax residency in your new country Simply moving out of the Netherlands does not automatically settle all your Dutch tax obligations. Is There a Departure Tax in the Netherlands? There is not one departure tax that applies to everyone who leaves the Netherlands. However, for some types of income or rights accrued when you were a Dutch tax resident, emigration may result in a protective assessment or conserverende aanslag. This may, among other things, apply to certain pension, annuity and substantial-interest rights, the Dutch Tax Administration explains. Basically, the assessment is intended to protect the Netherlands’ right to tax income earned during your period of residence in the future. Does Everyone Have to Pay the Departure Assessment Immediately? No. A protective assessment does not mean that you have to immediately transfer the assessed amount to the Dutch tax authorities. Payment may be deferred under the terms and conditions. The Tax Administration says that a protective assessment is generally valid for 10 years, but assessments on certain substantial interests may be unlimited. But the deferment is conditional. Certain actions taken with your pension, annuity, substantial interest or other protected rights may make the deferred assessment payable. That is why anyone with significant pension rights, an annuity or a significant shareholding should seek professional advice before leaving, rather than think that emigration automatically removes them from Dutch tax exposure. What Happens to the 30% Ruling When You Leave? The 30% facility relates to employment and therefore has to be reviewed when your employment in the Netherlands ends. If you leave your Dutch employer and move abroad, you cannot assume that the facilities will continue indefinitely. This can be especially relevant if you later return to the Netherlands or switch between employers. For example, in the case of changing the employer among a group of interconnected withholding agents, an existing decision may be valid. Now if you change to a totally different employer, then it’s a different story. The Dutch Tax Administration says that the new employment must generally start within three months of leaving the old job and that the application must be submitted within four months of starting the new employment to use the facility from the first working day. How Long Does the 30% Ruling Last? The maximum period of the 30% facility is generally five years for eligible employes, subject to the applicable rules and any reduction for previous Dutch residence or work. The benefit has also been cut since 2024. For the affected arrangements the maximum tax free percentage under the current structure is 30% for the first 20 months, 20% for the next 20 months and 10% for the final 20 months. The Dutch government has also announced plans for a partial reversal of the reduction from 2027 but timing is dependent on the legislative process. Therefore, when someone leaves the Netherlands in 2026, they should check the actual 30% ruling decision that has been issued in respect of their employment and not just assume a five-year calculation. What Happens to Your AOW Pension After Leaving? If you leave the Netherlands, you will not lose the AOW rights you have built up. But your eventual AOW entitlement depends on your insurance history. Moving abroad can affect future entitlement. If you do not live in the Netherlands, you may be able to receive AOW when you reach your AOW pension age, if the relevant rules apply. The SVB has special procedures for people living abroad who want to claim their AOW pension. Therefore, if you leave the Netherlands before retirement, it is important to keep records of your Dutch insurance and pension history and not assume the matter is closed when you deregister. Can You Receive AOW While Living in India? Maybe, yes. The Netherlands has agreements to pay AOW pensions to people living outside the Netherlands. However the amount and rules that apply may depend on your country of residence and your circumstances. So it is important for a person who is moving back to India permanently to check out the SVB rules before retirement, and not assume that the Dutch pension will be the same as the amount payable to a person living in the Netherlands. Also consider your occupational pension separately, as AOW and employer pension rights are not the same. What Happens If You Keep Dutch Property? If you still own property in the Netherlands, leaving the country will not automatically terminate your Dutch tax obligations. The Dutch Tax Administration has said that non-resident taxpayers may still be subject to Dutch taxation on certain Dutch assets, such as real estate located in the Netherlands. A holiday home or rented property can therefore remain relevant for Dutch Box 3 taxation after you cease to be a resident. What If You Sell the Property After Leaving? The tax treatment depends on the type of property, the use of the property, your tax status and the relevant Dutch rules. If you buy property you also need to take into account transaction taxes. The Dutch transfer tax rate for homes not purchased as a primary residence (e.g. buy-to-let and holiday homes) was lowered from 10.4% to 8% from 1 January 2026. If the home is eligible and the purchaser will occupy it as their primary residence the 2% rate still applies. So, if you sell Dutch property after moving back to India, you need to check both Dutch taxation and the India-Netherlands tax treaty before you complete the transaction. Do You Need to Close Your Dutch Bank Account? Not by default. Whether you can keep your Dutch bank account after moving abroad depends on the bank and the country you are moving to. For valid reasons, such as collecting Dutch pension payments, paying bills or handling Dutch assets, you may wish to keep an account. But you are required to notify your bank if your address or tax residence changes. Don't think that because you have a Dutch bank account, you can still act like a Dutch resident for tax or regulatory purposes. Before you close your account, make sure you’ve sorted all direct debits, salary payments, investments and pending transactions. What About an ABN AMRO Account? If you bank with ABN AMRO, the account-closing process should be checked directly with the bank as requirements may differ depending on your account and circumstances. Before you close a Dutch account, get your final statements and keep records of major transactions. These records can be useful to establish the source of funds on your return to India. What Happens to Social Assistance After Leaving? Dutch social-security benefits are subject to rules of eligibility and residence. You cannot assume that a benefit you receive while you are living in the Netherlands will continue automatically after you move abroad. Depending on the type of benefit, the country of residence and any international social security arrangements, people who live outside the Netherlands but receive benefits from the Netherlands may be subject to different rules. This is especially true if you look at the benefits of SVB. Before you leave, check directly with the relevant Dutch authority whether your particular benefit can continue and whether you need to notify them of your move. Returning to India: What Should You Review? For an Indian professional who is leaving the Netherlands for good, it should be a cross-border financial event and not just an immigration formality. Before you leave, check your Dutch tax return, protective assessment if applicable, pension rights, investments, property and bank accounts. On return to India, review your Indian tax residency status and set up the necessary reporting procedures for your Dutch income and assets as per Indian tax laws. You should also maintain documentation showing: Dutch income → tax paid → pension contributions → investment transactions → property transactions → bank transfers → final tax assessments This documentation can make it considerably easier to demonstrate the origin and tax treatment of funds transferred to India. A Simple Netherlands Exit Checklist Before you leave you should have deregistered with your municipality, completed the employment formalities, received your final salary and employment documents, looked into your pension and AOW position, checked whether a protective assessment applies and decided what to do with your Dutch property and bank accounts. Once you are back in India, review your tax residency, overseas assets, pension income and banking arrangements. Leaving the Netherlands does not necessarily mean leaving the Dutch tax system altogether. Even after you have become a non-resident, Dutch-source income and Dutch assets may still have Dutch tax consequences. Key Takeaway The biggest mistake to avoid is treating the departure as the end of your financial responsibilities, for an Indian professional returning from the Netherlands. Possible protective assessment, the 30% facility, AOW and occupational pension entitlements, Dutch property and bank accounts are all relevant factors in your Dutch tax return for the year of departure. The good news is that many of these problems can be planned for. A well thought out exit plan can help you avoid unnecessary tax complications, preserve your pension rights and ensure that your move from being a tax resident of the Netherlands to being a tax resident of India is properly documented.

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