Banking, Insurance and tax


To receive your salary and pay expenses you need to open a bank account. You can go to a bank in person, but the majority of banks in the Netherlands offer services electronically.  Many official organisations and businesses in the Netherlands require you to use a digital signature called 'DigiD' in order to access their online services. To get DigiD you must first acquire a username and a password. With these, you can sign in and access personal data or submit forms digitally.Learn more on how to use the national DigID security system.


In the Netherlands, there are many types of insurances to cover all manners of mishaps. Though these insurances are not compulsory, some - like liability insurance - are strongly recommended. Health insurance is even mandatory. 


Everyone in the Netherlands is taxed on their income, wealth and assets. The government imposes taxes based on the ability-to-pay principle. The amount of tax you pay depends on your level of income. A percentage of your monthly salary is automatically deducted by the Dutch Tax Office. At the end of each year, you need to file a tax return where you are required to declare your income and assets. You are sent a final tax notice and in some cases will receive tax back. Find more information at the Tax and Customs Administration, the Belastingdienst.