Box 3 for Expats
As a tax resident in the Netherlands, you are generally taxed on your worldwide income and assets. However, specific rules apply for expats, especially those with the 30% ruling.
Box 3 & The 30% Ruling New
Do you have the 30% ruling? You might be exempt from paying Box 3 tax on your savings and investments.
Read about Partial Non-Residency →What do I declare if I don't have the 30% ruling?
If you are a regular tax resident (no 30% ruling or you didn't opt for partial non-residency), you must report everything, regardless of where it is held.
💰 Foreign Savings
Bank accounts in your home country, Revolut/Wise balances, and cash held abroad all count towards Category 1 (Savings).
📈 Foreign Investments
Brokerage accounts (e.g., Vanguard, Robinhood) outside the NL count as Category 2 (Investments). Crypto is also Category 2, no matter where the exchange is based.
🏠 Properties Abroad
Vacation homes or rental properties in other countries are part of your Box 3 assets (Category 2).
Foreign Debts
Debts held abroad can be deducted in Box 3, provided they are not used for your main residence (Box 1).
- Student Loans: Foreign student loans usually count as deductible debts.
- Mortgages: Mortgages on foreign investment properties (Box 3) are deductible here. (Mortgages on your main home are Box 1).
💱 Currency Conversion
For assets held in other currencies (USD, GBP, INR, etc.), you must convert the value to Euros using the reference exchange rate on January 1st of the tax year.