Experience with tax exemption of expiring annuities accrued in the Netherlands as a non-resident
I am looking for experiences with tax exemption for a declining annuity accrued in the Netherlands as a non-resident. I am Belgian and have built up this annuity during my work in the Netherlands, which will be released within a few months. I am currently staying in Thailand.
The new treaty with Thailand to avoid double taxation, which will come into force on 1 January 2024, including a source state levy for pensions and annuities, already entails a negative income effect for almost everyone, but many Dutch people living in Thailand can still come up a few notches.
Dutch people living in Thailand like to pay taxes
You live like God in France, but you live in Thailand (after all, there must be a difference and you are not God). In fact, you can't wish for anything better. And why bother with paying taxes? After all, you already have it right. Or can it be done a little better in a number of cases, so that it still seems as if you live like God in France? I will pay attention to this question in the following.
Is the Netherlands a reliable treaty partner?
I hope to answer this question on the basis of the levying of income tax on annuity payments of Dutch citizens living in Thailand. There has been a lot to do about this issue in Thailandblog. I too have contributed to this by answering questions about it. Even recently.
I would like to present the following situation, it has been discussed many times on this blog but I have an addition on which I would like to hear your opinion, experience. I am a Dutch resident of Thailand and recently converted my annuity policy into a benefit. I have applied for an exemption from the national insurance and ZWV premiums and payroll tax, based on Article 18 of the tax treaty between the two Kingdoms.
More has already been written about this, but still a question. Does anyone know an insurer that takes over an annuity for periodic payment? Have already checked with many companies, including 123annuity, Brand New Day and Moneywise, nothing. And neither do the traditional companies.
Reader question: Do I have to pay tax in Thailand on an annuity from the Netherlands?
Soon I will receive my annuity from the Netherlands. This has been done according to Dutch tax rules and you must report the amount to the tax authorities in the Netherlands. Do I now also have to pay tax in Thailand?
My annuity with Nationale Nederlanden will expire soon. But I can't go there because I don't live in the Netherlands.
Converting insured capital into an annuity with monthly payments causes difficulties. This blog in March contained the agreement of the Dutch Association of Insurers, DNB, the Ministry of Finance and the Tax and Customs Administration to make this possible. In practice, however, it does not work. My insurance office in the Netherlands and I have tried this ourselves, but no bank/insurer wants to accept the capital.
Those who live abroad, such as in Thailand, can now have an annuity paid out without any problems. Previously this was often not possible. Together with DNB, the Ministry of Finance and the Tax and Customs Administration, the Dutch Association of Insurers has found a solution to the problems experienced by customers with an annuity when they move abroad or live abroad.
The protective assessment (pension and annuity) remains.
Whether the protective assessment is still permitted after the reparation legislation and is not in conflict with 'loyalty to the treaty' is the subject of proceedings before the District Court of Zeeland-West Brabant
End of exit tax on pension and annuity near?
Invoking the current treaty, it may also be possible to put an end to the practices of the Foreign Revenue Service, including asking for tax numbers and requiring pension bodies to transfer pension to Thailand before issuing payroll tax exemptions.
Reader question: Urgent questions about annuity
In addition to my AOW, I have an ABP pension. In addition, I have a small annuity that is paid out by Centraal Beheer Achmea, 489 euros every 3 months. I recently received a letter from Achmea with an urgent request to apply to the Dutch tax authorities for an exemption from paying tax on that amount.
Reader Submission: Annuity when moving to Thailand
Anyone who has an annuity policy and moves to Thailand (or another foreign country) should take into account that the insurer may not offer an immediate annuity (periodic payment) at the end of the contract.
Reader question: Paying tax on an annuity in Thailand
An annuity will become available in January 2017. It is about 14.000 Euro. Normally, according to my insurance agent, it is not paid out in one go. But because I have been deregistered from the Netherlands for so long, it could be possible. But then I need a decision from Heerlen. Report that to Thailand. And do I have to pay taxes on this.
Reader question: Do I have to pay tax on my supplementary pension in the Netherlands?
Next year I want to emigrate to Thailand and have it deregistered from the Netherlands. I then pay my tax in Thailand, but I now read that I still have to pay tax on my supplementary pension in the Netherlands because I have always deducted the contribution from my income tax.
Reader question: Annuity policy with monthly payment
I have a pension fund mix fund that must be converted to an annuity policy with periodic monthly payments on the payment date. I am now almost 65 years old. Is there an insurance form that can take over this when I live in Thailand, so with a tax agreement with Thailand?