Tax, pensions and money

Tax treaty, social security, taking your pension along and income or assets in both countries.

The Netherlands and India have a tax treaty that prevents double taxation, and a social security agreement. The latter ensures, among other things, that seconded employees do not pay contributions in both countries and that Dutch state pension (AOW) can also be paid out in India.

Anyone living in the Netherlands declares their worldwide income and assets in the Dutch tax return, including Indian bank accounts, investments and property. Indians who move abroad must have their Indian bank accounts converted to NRI accounts. In complicated situations an adviser who knows both systems is well worth it.

Useful links

• Dutch Tax Administration (English) belastingdienst.nl
  Tax returns, worldwide income and treaties.
• SVB svb.nl
  State pension and social security agreements.
• Income Tax Department of India incometax.gov.in
  Indian tax filing, including for non-residents (NRIs).
• EPFO epfindia.gov.in
  India's Employees' Provident Fund; rules for international workers.