For many foreign nationals Hong Kong is an ideal place to work
and accumulate wealth but most choose to retire elsewhere. Some may
go home but many choose to go elsewhere for the climate and
possibilities to find good housing at affordable prices. But
sometimes they fail to realise that the living costs may be higher
than they think due to tax.
Those Dutch nationals returning home are likely to face similar
rates of charge. Holland is not a low tax country and
charges income and capital gains tax on every worldwide source of
income. Generally a person will be considered resident in
Holland if he spends more than 180 days a year there but that is
not the whole story - as indeed it is not the whole story in
most places. If the Dutch authorities conclude that your main
residence, family or work are in Holland or your life is mainly in
Holland then you will be considered resident even if you do not
spend the requisite 180 days there. Rates of tax payable are
as
