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Oil & Gas industry offshore and payroll – 30% ruling

Working on an oil rig within the Netherlands territory makes you an employee subject to Dutch social premiums and income tax. You might have learned about our tax rates, but we have something that can equal out the differences with other countries such as the United Kingdom: the 30% ruling.

The 30% ruling is a tool the Dutch Government implemented a long time ago to attract employees with certain knowledge our economy needs. A tax incentive has been created called the 30% ruling. The 30% ruling implies that 30% of the gross income earned is regarded a reimbursement of costs, hence tax free. The 70% is regarded a taxable income.

The 30% ruling is the best tax benefit in the Netherlands.

Calculation Dutch wage tax and social premiums over 70% of the gross income makes the Netherlands even interesting compared to other countries around us. Moreover, no wealth tax is due over your world wide assets, if you are a Dutch tax resident. And you can change your non EU driving license into a Dutch driving license without taking the test.

In case you are self-employed and you get the contract to work on the oil rig, then you can register a limited liability company in the Netherlands and also benefit yourself from the 30% ruling as managing director employee of your own limited liability company.

If you would like to learn more about the 30% ruling, please contact us.

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