Can you avoid paying 'wealth tax' (Box 3) in NL?

[Mr Gus]

30% reduction on pit

And yes but no wealth tax

I love to pay taxes, the governments use⁠ this money so efficiently

 

[Konstanz]

If you get 30% ruling status you don't pay for income which source is‍ not in Netherlands.
To get this status you have to get skilled worker salary in⁠ Netherlands. Some taxes you have to pay. But only for this salary and for income⁤ which is in Netherlands, from BV etc

 

[Mr Gus]

Source? As far as⁤ I know it's just a 30% payroll tax reduction.

 

[Konstanz]

Under the 30% ruling you can opt for the ‘partial non-residency status’.‍ You are then considered to be a non-resident tax payer in Box 2 and Box⁠ 3, even though you are living in the Netherlands. For Box 1 income you are⁤ considered a resident tax payer, therefore you do not pay income tax on assets in⁣ Boxes 2 and 3 (except for real estate located in the Netherlands and substantial shareholding⁢ in a Dutch resident BV) and you are entitled to the partnership ruling in Box︀ 1.

You only pay tax for income NL source. And you can easily get tax︁ residency certificate in NL being on 30 ruling. Only downside it's only for 5 years.︂ Some time ago it was 10 then reduced..

 

[Mr Gus]

Thanks, that makes it really interesting!

 

[AMD]

It is something very⁤ complicated I assume. Anyone can recommend a good advisor / professional to consult?