What changes financially when you move to China?
Tick where your income comes from. You then see which rules China and the Netherlands apply to your situation: which country may tax you, which schemes exist and how you get insured. With the source, so you can check it yourself.
This applies to everyone who moves. Tick above what applies to you, and the rest will appear.
Health insurance
How do you get insured, and what do you pay for it?
You arrange healthcare through your employer and usually an international policy
Your Dutch basic health insurance ends when you emigrate. A route via the CAK, which lets you keep healthcare through the Netherlands in some countries, does not exist for China. On a local contract you pay Chinese social insurance contributions. Most expats also take out an international health policy.
Arrange your new cover before departure. Make sure there is no gap between cancelling your Dutch policy and the start of the new one. Travelling uninsured is the real risk here.
Where this comes from: The contributions side from the knowledge article on AOW, pension and tax in China and the cancellation order from the article on cancelling health insurance without a gap.
Read the whole storyWhat the Netherlands doesn't let go of
Which Dutch obligation travels with you?
Deductions and allowances do not travel with you
China is not one of the countries where qualifying non-resident taxpayer status applies. As a result, mortgage interest relief on a Dutch home you keep lapses. Child benefit and allowances lapse as well.
With qualifying non-resident taxpayer status you keep some Dutch deductions while living in another country. Set the cancellation of your allowances in motion yourself, so that you do not have to pay anything back later. And work the loss into your budget before you go.
Where this comes from: The circle of countries from the knowledge article on AOW, pension and tax in China and the cancellation list from the article on stopping allowances.
Read the whole storyFor inheritance and gifts the Netherlands counts you in for ten more years
The Inheritance Tax Act (Successiewet), the law on inheritance and gift tax, pretends an emigrated Dutch national still lives in the Netherlands for ten years. That applies on death and to gifts.
If you die within ten years of leaving, your heirs pay Dutch inheritance tax, as if you still lived here. What you give away in those years, to your children for example, falls under Dutch gift tax. So review your will and your gift plans before you leave. For a gift in the first year after you leave, this even applies to everyone who lived in the Netherlands, also without Dutch nationality.
- deemed residence
- 10 years
This is not tax advice
These are the rules that apply to your situation. The outcome is not included. China has the best-hidden pitfall of all destinations. It is on the list of treaty countries, but that treaty says nothing about taking your AOW (the Dutch state pension) with you. And the tax treaty lets the Netherlands tax where other treaties leave that to the country of residence. What the rules together mean for you is for a tax adviser who knows both countries to work out. Take this list to that conversation.
Still deciding between countries? Put the rules of two or three countries side by side
Then actually doing it
Knowing which rules apply is the first half. The second is applying them in time: in the right order, without missing a deadline, and with your documents at hand.
Every step on one list, free
Not ready to start yet? Then you get the departure checklist for China: every step in order, to print and tick off. With it, five mails in a week and a half about the pitfalls and the real costs. If the rules for China change, you'll hear about it. After that we ask once where your plans stand, send one offer, and now and then one thing that fits your moment. No newsletter, and you can switch it off at any time.