Is my Dutch pension taxed in Cyprus or in the Netherlands?
Short answer
Under the treaty, pensions, annuities and social security pensions are taxed only in Cyprus, unless their total from the Netherlands is more than €15,000 gross in the year. Above that, the Netherlands may tax them too, and Cyprus gives a credit.
Government pensions follow their own article of the treaty. In Cyprus, you can choose to pay a flat 5% on foreign pension income above €5,000 a year instead of the normal rates.
When you emigrate, the Belastingdienst can issue a protective assessment on pension and annuity rights, equal to the tax relief you had. Payment is deferred for up to ten years, after which you can ask for it to be cancelled; cashing in the pension (afkopen) within those ten years makes it payable.
Sources
- Netherlands–Cyprus tax treaty (wetten.overheid.nl) wetten.overheid.nl
- Belastingdienst: protective assessment in the case of emigration belastingdienst.nl
- Income Tax Law 118(I)/2002, consolidated text (CyLaw) cylaw.org
Information, not advice. This answer describes the published rules as they stand on 12 October 2026, checked against the sources listed. Tax and residence rules depend on your own circumstances and change; check your position with a tax adviser qualified in the Netherlands and in Cyprus before you act on it.
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