Hey all,
I'm posting on a throwaway, but I wanted to get some insight on my potentially taking a job overseas in Amsterdam—specifically about taxes.
Along with a base salary of €90,000, my offer includes a €30,000 sign-on bonus, and €7,750 relocation allowance. This potential employer will also complete the paperwork to make me eligible for the 30% expat tax ruling.
The potential move has raised a few questions in my mind:
- From what I understand, I have to pay U.S. taxes on the salary; will I also have to pay it on the sign-on bonus, and relocation allowance?
- Are there any deductions or protections I'll be able to take to reduce the tax burden—or avoid being double-taxed at all?
- Do I keep my U.S. 401k and contribute to it, while at the same time contributing to my Netherlands pension scheme, or does my 401k roll over somehow?
- Do I keep the U.S. bank accounts that I have (and which currently hold my savings cash)?
I know I should also speak with local tax and financial advisors—is there a type of specialist I should be looking for specifically?
Are there specific questions I should be asking myself or others, or other issues I should be thinking about here?
I've never made a move like this, and I'm not even sure where to start when looking at my finances. Any help in getting me pointed in the right direction would be really helpful.
Thanks in advance!
Submitted May 25, 2017 at 12:28PM by throwmeaway30303 http://ift.tt/2rlDDLE
