Changes in the tax treaty with Switzerland from 2021 onwards

The tax treaty between the Netherlands and Switzerland has changed from January 2021.

Residence in the Netherlands – payment from Switzerland

If you are resident in the Netherlands and you have a pension, an annuity payment or a social security benefit from Switzerland, the benefits agency in Switzerland may withhold a maximum of 15% in tax on such payments. From 1 January 2021, you pay on the total amount of such benefit payments a maximum of 15% tax in Switzerland. In addition you pay tax in the Netherlands, but you do not pay tax twice on the same income.

If you receive a lump-sum payment from a pension, an annuity payment or a social security benefit in Switzerland, you pay tax in full on the lump-sum payment in Switzerland.

Residence in Switzerland – payment from the Netherlands

If you are resident in Switzerland and you have a pension, an annuity payment or a social security benefit from the Netherlands, the benefits agency in the Netherlands may withhold a maximum of 15% in tax. From 1 January 2021, you pay on the total amount of such benefit payments a maximum of 15% tax in the Netherlands. In addition you pay tax in Switzerland, but you do not pay tax twice on the same income.

If you receive a lump-sum payment for a pension, an annuity payment or a social security benefit from the Netherlands, you pay tax in full on the lump-sum payment in the Netherlands.

Do you have an exemption from the deduction of income tax and national insurance contributions deducted at source?

As of 1 January 2021, the exemption statements issued earlier for pensions, annuity payments and social security benefits from the Netherlands are no longer valid. The benefits agency must again withhold income tax and social insurance contributions from 1 January 2021 on a maximum of 15% of the total amount of your pension, your annuity payment or social security benefit. You will receive a letter with regard to this topic.

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