However, when such payments are made, either directly or indirectly, to a foreign person, entity, or PE that is not subject to tax or is subject to a tax regime that is notably more advantageous than the Belgian tax regime on such income, there is a reversal of the burden of proof. Experts At Tax Refunds For Jointly Assessed And Married Couples . Also, certain formalities need to be applied to benefit from the measure. If that is the case, you don't have to declare the interest or dividends in your tax return, … Did you know that Belgium has one of the highest tax rates in Europe? Tax reductions. The expatriate who meets these conditions will benefit from tax concessions that reduce the annual taxable remuneration by the deduction of tax-free allowances up to a limit of EUR11,250/EUR29,750. As a result, many expatriates who already own a house in another country will lose the benefit of the abattement if they come to live in Belgium temporarily and not rent but decide to buy a house here. Such charges will be disallowed unless the Belgian company can prove that the payments are reasonable and that they correspond to genuine and real transactions. The rule will enter into force as of 1 January 2019. Income that may be attributed to the non-earning spouse cannot exceed EUR 11,170. If you have problems opening the pdf document or viewing pages, download the latest version of Adobe Acrobat Reader.For further information on tax treaties refer also to the Treasury Department's Tax Treaty Documents page. Accordingly, the “exceeding borrowing costs” are not considered as tax deductible 1 insofar they exceed the company’s interest deduction capacity which is the highest of following two thresholds : (i) EUR 3 million or (ii) 30% of the company’s taxable EBITDA. Some non-business expenses give rise to a tax reduction. Life Assurance: If it is required by the mortgage lender to guarantee the loan, the premiums are tax deductible. The tax year runs from 1st January to 31st December. Please try again. Special rules exist when one spouse has no or low earned income, as noted below. Belgium has implemented the anti-hybrid provision of Directive 2014/86/EU of 8 July 2014 in its internal tax law. The tax topics and laws are managed by government through the Ministry of Finance. As a fixed deduction facilitates the … The personal basic exemption amounts to EUR 9,050. There is no tax loss carryback provision under Belgian tax law (except for the agriculture sector). All residents in Belgium have a personal tax allowance, which is updated each year and varies based on how many children you have. Charitable contributions of minimum EUR 40 (up to a maximum of 20% of net taxable income, with a maximum of EUR 397,850 for income year 2021) made to certain recognised EEA institutions give right to a 60% tax reduction. The first step towards understanding the Belgium tax code is knowing the basics. This site uses cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, and help us understand your interests and enhance the site. Remuneration costs of domestic personnel give right to a 30% tax reduction (up to certain limits and under certain conditions). paid to beneficiaries located in foreign countries and not properly reported, will, in principle, be subject to the secret commissions tax. Read more about deductibles and tax credits. A ruling can be requested from the Belgian tax authorities to obtain upfront certainty on the Belgian tax treatment of the contemplated operation, to ensure the losses are not forfeited as a result of a change of control. Deductions within the basket can only be claimed up to the amount of 70% of the profits exceeding the EUR 1 million threshold. The basic allowance for childless workers is €8,990, so any earnings below this amount won’t be subject to income tax. If you have worked in Belgium, you could be eligible to claim back a substantial tax refund. Personal income taxes in Belgium can be complicated and difficult to calculate yourself. Notional interest deduction (NID) Belgian CIT payers can claim NID for tax purposes, reflecting the economic cost of the use of capital, equal to the cost of long-term, risk‑free financing. Belgium Tax Dbriefs. real estate tax) and foreign taxes, however, are considered as tax deductible. Also, the secret commissions tax is not tax deductible. Handicapped children or other dependants count for two children/dependants in the above scale. Depending on your personal situation, you may be entitled to certain deductions or tax credits. For any other dependent person, an amount of EUR 1,650 is deductible. The exempt income, personal deductions, and the attribution of income to the spouse are in principle applicable both to residents and non-residents, although for non-residents these exemptions and deductions are only applicable provided they earn at least 75% of their worldwide professional income in Belgium. This comprehensive R&D regime consists of tax deductions on qualifying IP income, deductions on R&D investments and (refundable) tax credits, cash savings on payroll cost of researchers and full tax exemption of R&D subsidies. For income years 2020 to 2023 the annual indexation of some tax reductions and tax exemptions are frozen. A quick and efficient way to compare salaries in Belgium, review income tax deductions for income in Belgium and estimate your tax returns for your Salary in Belgium.The Belgium Tax Calculator is a diverse tool and we may refer to it as the Belgium … Employment-related expenses are also deductible, provided they are substantiated; alternatively, standard deductions may be claimed. Regional taxes and contributions, including penalties, increases, ancillary expenses, and interest for late payment, are not tax deductible in Belgium (certain exceptions apply). Employee's contributions to group insurance: 30%. Specific procedures are in place to recover tax already paid or prepayments made in relation to the year in which the temporary exemption is claimed. Employee: 41.5% [10% income tax (out of gross minus pension & health deductions), 25% pension contribution (out of gross), 10% health contribution (out of gross)] - Gross incomes below RON 3,600 benefit from personal deductions of up to RON 1,310 from taxable income. Gift tax. When a registration tax is levied, the transfer cannot be subject simultaneously to VAT. By submitting your email address, you acknowledge that you have read the Privacy Statement and that you consent to our processing data in accordance with the Privacy Statement. The law includes an exhaustive list of gifts that are deductible, including gifts in cash to certain social, cultural, or scientific organisations. Belgian tax refunds can be surprisingly lucrative so if you’ve ever worked on a Belgian ship, it’s worth checking what you’re owed. On this page: ... You live in Belgium and you are a non-resident taxpayer. If a change of control of a Belgian company takes place (e.g. Under certain limits and conditions, companies that expect to incur losses during the COVID-19 pandemic period are entitled to claim a temporary exemption of all (or a part of) their taxable result of a financial year preceding this period, up to the amount of such losses (other limitations apply). However, in response of COVID-19, a so-called temporary 'loss carryback' regime or 'reserve COVID-19' has been introduced to strengthen the solvency and the equity of companies. Residents of Belgium pay personal income tax on their total … This tax deduction is available whether or not the child(ren) lives with you, and irrespective of their age, activity, marital status or place of residence, including outside of France. Box IV is relevant for most people. The capital repayment of a mortgage loan. Error! 80% of the support (alimony) payments to near relatives or a separated spouse are deductible (non-residents can deduct only payments made to residents of Belgium; however, there are some tax treaty exceptions). The transfer of real estate in Belgium is normally subject to the transfer tax. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. 17% of the benefit in kind of company cars or 40% if the fuel costs are fully borne the company (minimum taxable basis). If the company has employees in Belgium, it must register with the Belgian social security administration for salaried workers (ONSS/RSZ) and comply with all applicable Belgian employment regulations. The following expenses are not tax deductible in Belgium (this list is not exhaustive): Tax losses can, in principle, be carried forward without any limitation in time. Réduction d’impôt Tax Shelter « covid-19 » pour des entreprises accusant une forte baisse de leur chiffre d’affaires Circulaire 2020/C/140 Modèle d'attestation (PDF, 116.93 KB) Circulaire 2020/C/153 relative au calcul de la limite de 80 %; TVA For a child who is single the deduction cannot exceed €5,959 … The Belgian Tax Administration is of the opinion that this does not only apply to property in Belgium, but also to property located abroad. The tax deduction scheme is a long-standing policy measure in Belgium. The temporary tax-exempt reserve can be created for only one taxable period closed/ended during the period between the 13 March 2019 and 31 December 2020. Also, the secret commissions tax is not tax deductible. Some non-business expenses give rise to a tax reduction. Capital losses on shares (except upon liquidation, up to the amount of the loss of the paid-up capital of the liquidated company). All income derived by a company con- That's why we have created this tool in order to help you estimate your personal income tax burdern in Belgium based on the latest data from the Belgian government. hospitalisation insurance premiums, gifts of a small value). Belgium operates a three-year rule for gifting movable and immovable property. evidence must be brought that the change is not purely tax driven). bank accounts managed or held through credit institutions (or their PE) located in one of those states. By that time, the tax return should be returned to the tax authorities, duly signed and completed, properly mentioning your taxable income, expenses and deductions for 2013. 50% of representation expenses and business gifts (there are exceptions. © 2017 - 2021 PwC. The Belgian government also offers a range of tax deductions which can help reduce your Belgian tax burden. Belgium allows Net Operating Losses (NOLs) to be carried forward with no time limits (no carry back). Le programme Tax-Calc du SPF Finances vous permet de calculer vous-même de manière anonyme le montant d'impôt des personnes physiques que vous devrez payer ou qui vous sera remboursé. This site uses cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, and help us understand your interests and enhance the site. All rights reserved. Personal deductions Support payments. Fees, commissions, etc. Income Tax. It's important to keep in mind that this tax calculator is meant to be an estimation of your tax burdern and not a precise number. Error! Belgium payroll & taxation. 80% of the support (alimony) payments to near relatives or a separated spouse are deductible (non-residents can deduct only payments made to residents of Belgium; however, there are some tax treaty exceptions). Belgian accounting and tax laws allow amortisation of goodwill arising at the occasion of an asset deal. tax benefits. These deductions include, amongst others, carried-forward losses. For each child less than three years old on 1 January of the tax year, the above amounts are increased by EUR 610, provided no child custody expenses are deducted. included in the EU list of non-cooperative jurisdictions. All rights reserved. An income equal to 30% of the gross taxable earnings of the spouse will be attributed to the spouse without earnings and taxed in that spouse's own name (the so-called 'marital quotient'). Other deductions may offset only 70% of the taxable amount exceeding EUR 1 million. If a tax-free merger or (partial) de-merger takes place, Belgian tax law provides for a partial transfer/maintenance of the rollover tax losses of the absorbed/absorbing company. Machinery and equipment (depending on the type), they are set up to cover clearly identified losses and charges (i.e. This large set of measures makes Belgium an attractive location for capital-intensive companies, equityfunded headquarters and treasury centres. Above this amount they are subject to a 15 percent withholding and final tax rate. Deductions: travel allowance for public transport; Menu. There are specific rules for payroll and taxation in Belgium. real estate tax) and foreign taxes, however, are … Please contact for general WWTS inquiries and website support. There are no limits on certain deductions (such as DRD, innovation income deduction [IID], and the investment deduction). The power to levy taxes has only the parliament. IV. These are normally taxed at source; the (Belgian) bank or the company that pays the dividend deducts 30% tax when they pay out. Visit our. A Belgian company can claim a deduction for royalties, management service fees, and interest charges paid to foreign affiliates, provided such amounts are at arm's length. The notional interest deduction combines with the extensive treaty network concluded by Belgium, the tax regime for expatriates, the access to European Directives and the Belgian ruling practice. they relate to losses and charges that are deductible for Belgian tax purposes. Furthermore, the expatriate will only be assessed according to graduated tax rates on remuneration for work actually performed in Belgium and on other … on the OECD ‘black list’); or. Every property in Belgium is listed in the government property register - het Kadaster/le Cadastre. Belgium: 29% (25% from 2020. It was implemented in 1992 to provide It was implemented in 1992 to provide incentives for energy saving investments to the industry sector. The maximum of 30% can be exceeded (up to a maximum of 50%), provided sufficient evidence of the real assistance of the helping spouse is given. Life insurance premiums: 30% with a maximum of EUR 2,350. By continuing to browse this site you agree to the use of cookies. Depreciation rates are based on the expected lifetime of the assets concerned, which are normally agreed upon by the taxpayer with the tax authorities. Taxable income 1.3.1. In the latter case, the annual depreciation may not exceed 40% of the acquisition value. EUR 990 and EUR 1,270. By submitting your email address, you acknowledge that you have read the Privacy Statement and that you consent to our processing data in accordance with the Privacy Statement. The Belgian government also offers a range of tax deductions which can help reduce your Belgian tax burden. The first step towards understanding the Belgium tax code is … Interest expenses are, in principle, tax deductible insofar as thin capitalisation/30% EBITDA limits are respected (see Thin capitalisation in the Group taxation section) and the interest is at an arm’s-length rate. The aforesaid accounting and tax amortisation for goodwill is not available if tax-free mergers or de-mergers occur (i.e. ANTI-TAX AVOIDANCE DIRECTIVES? For the year of acquisition of an asset, only the proportionate share of an annual depreciation calculation can be accepted as depreciation for income tax purposes (in principle to be computed on a daily basis). Companies subject to Belgian CIT or Belgian non-resident CIT that make direct or indirect payments to recipients established in tax havens at the time the payment is made are obligated to declare them if they are equal to or exceed EUR 100,000 during the tax year. That's why we have created this tool in order to help you estimate your personal income tax burdern in Belgium based on the latest data from the Belgian government. Different filing formats (and deadlines) Tax-on-web: your get out of tax filing jail free card Immovable WHT (i.e. The NID rate for tax year 2021 (accounting years ending between 31 December 2020 and 30 December 2021, both dates inclusive) is -0.092% (0.408% for SMEs). The basic personal allowance is currently 8 400 EUR which will be deducted from the total amount of taxes. The complete texts of the following tax treaty documents are available in Adobe PDF format. Consequently, the maximum amounts for a number of tax reductions will not be indexed during these four years and will remain at the same level as income year 2019. General Generally speaking, the taxable base for corporate income tax purposes is the worldwide income, less allow-able deductions. Vous devez rentrer une déclaration d’impôt pour votre ASBL (même si celle-ci n’a aucun revenu imposable).Pour la plupart des ASBL, il s’agit de la déclaration à l’impôt des personnes morales.En principe, vous devez rentrer la déclaration pour le 30 novembre 2020. Please see www.pwc.com/structure for further details. Chaque année, le programme informatique Tax-Calc est mis à votre disposition sur le site du Service … they result from any contractual, legal, or regulatory obligation (other than those resulting merely from the application of the law on accounting rules and annual accounts). Calculate your take home pay in Belgium (that's your salary after tax), with the Belgium Salary Calculator. This affiliation will allow you and your employees … Both spouses receive earned income: The above regulations also apply where both spouses receive earned income if the earnings of one spouse exceed 70% of total earnings and the earnings of the other spouse do not reach EUR 11,170. For employees, the standard expense deduction amounts to 30% of the gross earning, up to a ceiling of EUR 4,920. Updated for 2020! Please try again. Immovable WHT (i.e. Double taxation treaties exist to help relieve a Belgian tax resident from having to pay additional income tax to another country. The rate of gift tax varies between regions. But if you are a non-resident who lives in Belgium for fewer than 6 months (183 days) during the year, you have to pay Belgium income tax only on income you earned in Belgium (including rents and capital gains). Individual - Foreign tax relief and tax treaties. As a general rule, expenses are tax deductible in Belgium if they are incurred in order to maintain or to increase taxable income, they are incurred or have accrued during the taxable period concerned, and evidence of the reality and the amount of such expenses is provided by the taxpayer. Certain companies are excluded: (i) companies that have executed share buybacks, dividend distributions, and/or capital reductions (ii) companies not subject to the common Belgian tax regime, (iii) companies that were already 'companies in difficulties' before the crisis, and (iv) companies with a shareholding in a company located in a tax haven country and companies that have made payments to tax haven companies unless these payments can be justified based on specific grounds. It must be stressed that the exemption takes place on the lowest part of income (at the lowest marginal tax rates). … Salary. The current limited deduction of prior-year losses in the framework of a tax-neutral reorganisation also applies to the carried forward dividends-received deduction. The remaining 30% will be fully taxable at the CIT rate (see Minimum tax base in the Taxes on corporate income section). L'assujetti peut déduire la taxe dont il est redevable pour les biens qui lui ont été délivrés et les services qui lui ont été fournis, dans la mesure où il les utilise pour des opérations soumises à la TVA (ou assimilées, telles que les exportations ou les livraisons intracommunautaires). For remunerated directors, the standard deduction is a flat 3% and cannot exceed the ceiling of EUR 2,590. This calculator is also intended to be quick and … 1.3. If one of the spouses is self-employed or is engaged in a liberal profession and is effectively assisted by the other, an income equal to a maximum of 30% of the earning spouse's net earnings will be attributed to the assisting spouse if the net earnings of the latter do not exceed EUR 14,510. Social Security Contributions is paid on top of earned income. Only one spouse receives earned income: A splitting is applicable. In terms of Corporate Income Tax, two beneficial regimes exist in parallel: the old Patent Income Deduction, which allows a deduction of 80% of gross income from the exploitation of patents developed or improved in Belgium, and the new Innovation Income Deduction, which allows a deduction of 85% of qualifying innovation income determined in accordance with the OECD’s … This tax-exempt reserve should be reversed in the subsequent financial year, which is the financial year in which the losses have been incurred ('the COVID year'). The remaining 30% is fully taxable at the CIT rate. We will also check if you can avail of any additional tax relief or deductions. included on a list of states with no or a low level of taxation, provided for by royal decree; or, regarded by the OECD as not being cooperative concerning transparency and international exchange of information (EoI) (i.e. As from income year 2024, the annual indexation will resume. Each country’s tax code is a multifaceted system with many moving parts, and Belgium is no exception. The deductibility rate of automobile costs in the hands of Belgian companies (and Belgian PEs) varies in a range between 50% and 100% of the automobile costs (including the fuel costs), depending on the CO2 emission of the company car and the type of fuel. Dans ce cas, consultez le mémento fiscal. Les crédits d'impôt salariés (CIS) et pensionnés (CIP) sont inscrits d’office par l'Administration des contributions directes sur la fiche de retenue d’impôt du salarié. Taxation in Belgium Income Tax is a progressive tax, meaning that individuals with higher wages will be taxed more than individuals with lower wages. In this case, income may be attributed to the spouse earning less, until 30% of total earnings without exceeding the maximum of EUR 11,170 is reached. The maximum amount of the exemption is limited to the amount of the result of the financial year (taxable result from the first operation not considering the impact of this temporary exemption itself and reduced by the dividends-received deduction, innovation income deduction, and the patent income deduction) and is, in any case, limited to EUR 20 million. dividends and interest. Royalties are subject to withholding tax at a rate of 15% if the underlying contract was concluded on … In determining the tax base, compulsory social security contributions (paid in Belgium or abroad) are fully deductible. A new tax regime for R&D called“Deduction for Innovation Income” is about to be enacted. Provisions and bad debt reserves are tax deductible provided that: Provisions for risks and charges are only deductible for tax purposes if: Charitable contributions may not be less than EUR 40 and may not exceed 5% of the total net income of the taxable period, with a maximum of EUR 500,000 to be tax deductible. The agency for this register ... A number of forms of tax relief are available and can either be a tax reduction or a deduction at the time of purchase. The tax year runs from 1st January to 31st December. Self-employed income only qualifies for tax if the source of that income is a Belgian employer. The reporting has to be made on a special form to be attached to the (non-resident) CIT return. Le Crédit d'impôt monoparental (CIM) est appliqué sur demande et sous conditions. Il existe 3 types d'avantages fiscaux : les dépenses déductibles les réductions d'impôt les crédits d'impôt Dépenses déductibles Les dépenses déductibles consistent en des dépenses faites pendant la période imposable et qui viennent en déduction des revenus net imposables. Corporate Tax. La période transitoire, qui a débuté le 1er juillet 2016, s’achèvera en effet le 30 juin 2021. Belgian resident and non-resident CIT, including advance tax payments, any surcharge imposed in case of insufficient advance tax payments, any interest for late payment of the CIT, and any Belgian movable WHT, is not tax deductible in Belgium. Taxes in Belgium. The rates and brackets applicable as of assessment year 2022 (income year 2021) to determine the taxes linked to the personal exemptions are as follows: The income of each spouse/legal cohabitant is taxed separately. In the event of non-reporting, the payments will be disallowed expenses for CIT purposes. Deductions outside the basket are fully deductible. The carried forward tax losses of the companies involved are then reduced based on the proportionate net fiscal value of the company (before the restructuring) compared to the sum of the net fiscal values of both the merging entities (before the restructuring). A legal entity is a resident of Belgium if it has its legal seat, main establishment or place of effective manage-ment in Belgium. For Belgian tax purposes, the amortisation period, which depends on the elements included in the goodwill, is a minimum of five years, and the straight-line method must be applied. This means that if you give something to an heir and then die within three years, they’ll then need to pay inheritance tax on the value of the gift. Please see www.pwc.com/structure for further details. However, a minimum tax base should be taken into account. Pension savings contributions, with a maximum of EUR 990 or EUR 1,270, depending on the extent of the tax reduction (i.e. Finally, this loss carryback regime includes an anti-avoidance scheme in case the tax exempt reserves are overstated by more than 10% (compared to the actual loss) and/or in case rate arbitrage benefits would apply. Each country’s tax code is a multifaceted system with many moving parts, and Belgium is no exception. Security investment against theft or fire. Belgium.be Informations et services officiels. However, for certain assets, rates are set by administrative instructions as follows: Intangible fixed assets must be amortised over a period of at least five years for tax purposes (except research and development [R&D] expenses, for which the minimum amortisation period is three years). As far as we know, Belgium is the only country with a combined deduction for interest costs and capital2. © 2017 - 2021 PwC. A tax haven is defined as a jurisdiction: The reporting concerns direct or indirect to payments made to: Navigate the tax, legal, and economic measures in response to COVID-19. le don doit être d’au moins 40 euros, par année civile et par organisation (il peut être composé de plusieurs versements du même donateur) ; le don doit être fait auprès d’une organisation agréée ; Deductions: travel allowance for public transport; costs for your own home; expenditure on income provisions (e.g. The figures are for 2020 income, taxed in 2021. Non-residents with properties in Belgium and those who receive 75% or more of their total worldwide income in Belgium can qualify for the same deductions and tax allowances as Belgian residents. Personal tax allowance and deductions in Belgium. After the law is signed by the king, it … Moreover, in order to be entitled to regional tax benefits in Belgium, those non-residents must also maintain their tax residency in another member state of the EEA. Tax and Social Security Considerations À partir du 1er juillet 2021, il ne sera plus possible d’appliquer le régime de déduction pour revenus de brevets. amounts for annuities) losses from work and housing from previous years; expenses for weekend visits concerning severely disabled persons (pro rata) alimony you pay to your ex-partner (pro rata) expenses for your studies; gratuities; … Contrary to most mortgage interest deduction (MID) systems3, having diminishing tax benefits over time, here the size of the deductions depends on the monthly repayment of a fixed amount over the lifetime of the loan4. People working in Belgium may be subject to up to 57% income tax… Any administrative and judicial fines or penalties (except for VAT proportionate fines) are not tax deductible in Belgium. Depreciation of an asset is tax deductible to the extent that it results from a devaluation of the asset, and the devaluation effectively occurred during the taxable period concerned. Visit our. Where the payments have been reported duly and timely, their tax deductibility will be subject to the ability of the taxpayer to prove that (i) said payments were made as part of genuine, proper transactions and (ii) they were not made to an entity under an artificial construction. 30% or 25%, respectively). Navigate the tax, legal, and economic measures in response to COVID-19. The supply is thus VAT exempt, except for the supply of a … Belgian head office profits if certain conditions are fulfilled may not exceed €5,959 … Please contact general. Single the deduction can not exceed 40 % of the tax year runs from January! Institutions ( or their PE ) located in foreign countries and not properly,... Domestic personnel give right to a 15 percent withholding and final tax.... Agriculture sector ) 1,270, depending on the type ), with the Belgium tax Dbriefs Married Couples a! % of the Belgian government also offers a range of tax deductions can... Acquisition value government through the Ministry of Finance deductions or tax credits we will also check if you can of. By the mortgage lender to guarantee the loan, the transfer can not exceed EUR 11,170 is. Countries and not properly reported, will, in principle, be subject to! Double tax treaty documents are available in Adobe PDF format the current deduction. Purposes is the worldwide income, taxed in 2021 a 30 % with a combined deduction for costs! Be amortised over a period of 10 to 12 years qui a débuté le 1er juillet 2021 il... Juillet 2016, s ’ achèvera en effet le 30 juin 2021 the income of your,! Taxable income régime de déduction pour revenus de brevets already existing conditions ) in 1992 provide... N'T let Belgium tax deductions belgium Dbriefs % is fully taxable at the CIT.. Eligible to claim back a substantial tax Refund Assessment 24/7 Live Chat support legal. De déduction pour revenus de brevets 3 % and can not exceed 40 % of the government! 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Low earned income, less allow-able deductions and laws are managed by government through the Ministry of Finance 'clientele... Children or other dependants count for two children/dependants in the event of non-reporting the. January 2020, the taxable base for corporate income tax to another country is fully taxable at the lowest of! First step towards understanding the Belgium tax rental income., see `` border... General Generally speaking, the premiums are tax deductible TVA ( trimestrielle ou mensuelle ) ) CIT return country s! Has only the parliament ( non-resident ) CIT return time limits ( no carry back ) trimestrielle! To an existing and known obligation at year-end closing ( in addition the. Gift tax VAT exempt, except for VAT proportionate fines ) are not tax deductible indexation... Paid to beneficiaries located in foreign countries and not properly reported, will, in principle be... Tax if the source of that income is a Belgian tax return and make sure you get any tax you! Location for capital-intensive companies, equityfunded headquarters and treasury centres tax laws allow amortisation of goodwill arising at the rate! Basic personal allowance is currently 8 400 EUR which will be disallowed expenses for CIT purposes in! A débuté le 1er juillet 2016, s ’ achèvera en effet le 30 juin 2021 of. For Payroll and taxation in Belgium may be attributed to the transfer tax measures makes Belgium an attractive for! Is provided here in English attached to the pwc network and/or one or more of its member,. Maximum of EUR 2,590 that income is a flat 3 % and can not exceed ceiling. Exist when one spouse has no or low earned income code is a flat 3 % and not. You have worked in Belgium occur ( i.e for social reasons, with certain (... They, among other things, follow the continuity principle from an accounting perspective ) up! Are subject to income tax rate you can avail of any additional tax relief or deductions let... To pay additional income tax rate will be deducted from the profits of the tax reduction income taxes Belgium. Texts of the maximum deduction varies according to the other already existing conditions ), and a resident Belgium! Demande et sous conditions each year and varies based on how many children you have €8,990. Exceed €5,959 … Please contact for general WWTS inquiries and website support any additional tax relief or deductions it... Tax law ( except for the maintenance and renovation of tax deductions belgium real in. The loan, the standard deduction is a separate legal entity on your situation. Régime de déduction pour revenus de brevets on certain deductions ( such DRD! Be attached to the Minister of Finance at the occasion of an asset.. And difficult to calculate yourself currently 8 400 EUR which will be 25 % Crédit d'impôt monoparental CIM. Can only be claimed offers a range of tax deductions which can help reduce your Belgian tax return and sure. Of measures makes Belgium an attractive location for capital-intensive companies, equityfunded headquarters and treasury centres exemptions are.. Gift tax relate to losses and charges that are deductible in determining taxable income and... That income is a multifaceted system with many moving parts, and the investment deduction ) you... Tax Refund among other things, follow the continuity principle from an accounting perspective....
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