The Netherlands is one of the most stable and attractive countries in Europe for real estate investments. Transparent legislation, developed market, high demand for rentals make this country interesting for both private owners and investors. However, before buying an apartment or house, it is important to understand what taxes you will have to face – both when buying and during further ownership.
The main taxes when buying real estate in the Netherlands
1. Transfer Tax (Overdrachtsbelasting)
This is the main one-time tax when buying a property on the secondary market.
Standard rate: 10.4% of the purchase price (effective January 1, 2023).
For homes purchased for own residence: 2% rate.
For buyers under the age of 35 (first-time buyers of a home up to €510,000): the rate can be 0% (exemption if all conditions are met).
Please note: if you buy a property to rent out, even as a private individual, the 10.4% rate applies.
2. VAT (BTW).
VAT only applies when you buy a new property from a property developer.
Rate: 21% of the value of the property.
In case of purchase with VAT, no transfer tax (Overdrachtsbelasting) is charged.
Annual property taxes
1. Municipal property tax (Onroerendezaakbelasting, OZB)
This tax is paid by all property owners (both natural and legal persons).
It is based on the assessed value of the property (WOZ-waarde), which is determined annually by the municipality.
The rate varies depending on the city, usually from 0.035% to 0.12%.
For example, if the WOZ-value of a house is €400,000, the tax could be between €140 and €480 per year.
2- Waterschapsbelasting – tax on water management
The Netherlands is a country with an active water infrastructure, so there is a special tax:
It is paid by all property owners.
The amount depends on the region and the type of property, but is usually between €100 and €400 per year.
3- Local charges: garbage, sewage, etc.
The property owner also pays a number of local fees that vary by municipality:
Waste disposal (afvalstoffenheffing)
Sewerage fee (rioolheffing)
Charges for public services
Together these can amount to €300-€700 per year.
Taxes on rental property
In the Netherlands, rental income is taxed according to a tax ‘box’:
In most cases, unless you are a professional landlord, the property falls into Box 3 (capital tax).
Income is not directly taxed, but the condition of the assets (including the market value of the property) is taxed.
The effective rate is between 1.2% and 1.71% of net worth (after deducting debts).
Example
Purchase of an apartment in Amsterdam for €450,000 for own residence:
Property transfer tax (2%): €9,000
Municipal tax (approx. 0.1% of WOZ): approx. €450 per year
Garbage and sewerage fees: €500 per year
Waterschapsbelasting: €200 per year
Total annual taxes and fees: about €1,150
Buying property in the Netherlands requires a good understanding of the tax system. The main one-off tax is 2% or 10.4%, depending on the purpose of the purchase. This is followed by annual local and water charges, as well as taxation in the case of renting. To properly evaluate an investment, it is important to consider not only the purchase price but also the long-term fiscal obligations. In case of doubt, it is advisable to consult a local tax advisor or notary.
Stalkanat Production Association (Odesa) reduced its net profit by 34% year-on-year to UAH 184.808 million from UAH 280.060 million in 2024.
According to the company’s annual report, last year the company increased its net income by 33.3% to UAH 4 billion 436.786 million.
Retained earnings at the end of 2024 amounted to UAH 437.815 million.
The company shipped 90.089 thousand tons of steel products in 2024. The share of exports was 48% in physical terms. Last year’s capital investments amounted to UAH 226.445 million.
The average number of employees in 2024 was 1,056 thousand people, and the average income per employee was UAH 34,632 thousand.
As reported, in 2023, Stalkanat reduced its net profit by 13.8% compared to 2022, to UAH 280.060 million from UAH 325.073 million, but increased its net income by 3.1%, to UAH 3 billion 328.170 million. Retained earnings at the end of 2023 amounted to UAH 373.626 million.
In 2023, the company shipped 72.593 thousand tons of steel products, with an export share of 53% in physical terms. Capital investments in 2023 amounted to UAH 164.815 million.
“Stalkanat is one of the largest producers of steel ropes and reinforcing strands in Eastern Europe and a leader in the production of hardware products in Ukraine.
As of the first quarter of 2025, David Nemyrovsky holds a 50% stake, Anton Mikhalenko (non-resident) – 23.7%, and Maria Kondratyuk – 23.1%. Earlier, the company reported that an individual, Vitaliy Dubovich, owned 3.199998% of its shares.
The authorized capital of Stalkanat currently amounts to UAH 17.736 million, with a share price of UAH 0.17.
The Iranian parliament is discussing the possibility of blocking the Strait of Hormuz, a key shipping route through which about 20% of global oil and gas exports pass.
Although the final decision must be made by the National Security Council, statements by Iranian authorities are already putting pressure on the global energy market. According to the Iranian news agency IRINN, General Esmail Qasari, a member of the parliamentary security committee, said that “blocking the Strait of Hormuz is under serious consideration.”
Consequences of a possible blockade
1. Sharp rise in oil prices
The Strait of Hormuz accounts for approximately 20% of global maritime oil and gas traffic. A blockade could cause prices to spike: experts from the Financial Times and Rabobank predict an increase to $100–150 per barrel.
2. Inflation and economic turbulence
The UK has warned that energy prices and inflation could rise sharply — “worse than the combined effects of COVID and sanctions against Russia.”
3. Geopolitical tensions and the response of NATO/the US
A blockade will lead to an increased military presence of NATO countries in the region. Analysts believe that the US and Saudi Arabia will take vigorous measures, and military action will increase the risk of regional conflict.
4. Iran’s economic losses
Despite its strategic importance, the restrictions will also hit Iran itself: oil is exported mainly by sea. Export losses, lower revenues, and the risk of sanctions could deal a blow to the Iranian economy.
Analysis: to block or not to block?
The possibility of a blockade has been confirmed, but it remains a “worst-case scenario.”
Military measures: Iran has the capability to lay sea mines, use drones, and deploy a small fleet of ships, but such actions risk logistical failures and retaliation.
Legal aspects: The Strait of Hormuz is considered “international” under the UN Convention on the Law of the Sea — a formal ban is possible but legally complicated.
The Iranian parliament is considering an extreme scenario — blocking the Strait of Hormuz — in response to pressure from the US and Israel. This could cause a significant spike in global oil prices, inflation, and economic turmoil. However, such a measure carries enormous risk for Iran. At the moment, it is a psychological and strategic tool, but without action by the National Security Council, it is nothing more than a threat and a bargaining chip.
Thunderstorms are expected in the northern, Cherkasy, and Poltava regions of Ukraine on Sunday, June 22, in the coming hour and continuing until the end of the day, according to the Ukrainian Hydrometeorological Center.
Thunderstorms are also expected on Monday, June 23, throughout the day in the eastern and southeastern regions and at night in most central regions of Ukraine.
“Weather conditions may complicate the work of energy, construction, and utility companies and affect traffic,” the report said.
In this regard, a level I (yellow) danger warning has been issued in the relevant regions.
Amir Saeed Iravani, Iran’s permanent representative to the United Nations, has published a letter condemning President Trump’s airstrikes on three key nuclear sites in the Islamic Republic of Iran, Fox News reports.
“The Islamic Republic of Iran condemns in the strongest terms these unprovoked and deliberate acts of aggression. Undoubtedly, the United States’ military aggression against sovereignty and territorial integrity is a clear and flagrant violation of international law and the imperative international norms enshrined in the Charter of the United Nations,” Eraj Saeed wrote, after which he called on the UN Security Council to immediately convene an emergency meeting due to the “savage and barbaric” actions of the US administration. enshrined in the Charter of the United Nations,“ Iravani wrote, calling on the UN Security Council to immediately convene an emergency meeting over the ”savage and criminal actions“ of the US.
”The Islamic Republic of Iran urges the Security Council to immediately convene an emergency meeting to consider this flagrant and illegal act of aggression, condemn it in the strongest terms and take all necessary measures within its responsibilities under the Charter to ensure that those responsible for such heinous crimes are held fully accountable and do not go unpunished,” Iravani wrote.
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