Life Assurance: If it is required by the mortgage lender to guarantee the loan, the premiums are tax deductible. Your message was not sent. Belgium is entitled to tax the hidden gains that exist at the time of the transfer of assets of a Belgian company to its foreign establishment, the profits of which are exempt in Belgium under a tax treaty. Please contact for general WWTS inquiries and website support. Social Security Contributions is paid on top of earned income. All residents in Belgium have a personal tax allowance, which is updated each year and varies based on how many children you have. Gift tax. The remaining 30% will be fully taxable at the CIT rate (see Minimum tax base in the Taxes on corporate income section). 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. Le Crédit d'impôt monoparental (CIM) est appliqué sur demande et sous conditions. 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. Updated for 2020! Please try again. Read more about deductibles and tax credits. 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. Each country’s tax code is a multifaceted system with many moving parts, and Belgium is no exception. Accurate Tax Refund Assessment 24/7 Live Chat Support Maximum Legal Refund Guaranteed. We can file your Belgian tax return and make sure you get any tax that you’ve overpaid. 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. In addition to social security contributions and professional expenses, some non-business expenses can also be deducted from the taxable basis, and personal exemptions are granted. It must be stressed that the exemption takes place on the lowest part of income (at the lowest marginal tax rates). they correspond to an existing and known obligation at year-end closing (in addition to the other already existing conditions), and. An outline of its contents is provided here in English. 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. 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. Individual - Foreign tax relief and tax treaties. People working in Belgium may be subject to up to 57% income tax… Other deductions may offset only 70% of the taxable amount exceeding EUR 1 million. Deductions: travel allowance for public transport; included in the EU list of non-cooperative jurisdictions. Tax and Social Security Considerations Vous recherchez des informations détaillées sur la fiscalité ? they, among other things, follow the continuity principle from an accounting perspective). Capital losses on shares (except upon liquidation, up to the amount of the loss of the paid-up capital of the liquidated company). Regarding the maximum amount for pension savings, please note that a majority amendment was tabled before the Finance Committee with a view to maintaining the upper limits applicable for the tax years 2022 to 2024 at their level for the tax year 2021, i.e. Some non-business expenses give rise to a tax reduction. This change does not apply to existing provisions created before tax year 2019. 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. Self-employed income only qualifies for tax if the source of that income is a Belgian employer. Did you know that Belgium has one of the highest tax rates in Europe? 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). 1.3. In the event of non-reporting, the payments will be disallowed expenses for CIT purposes. 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. 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. 50% of representation expenses and business gifts (there are exceptions. Please contact for general WWTS inquiries and website support. Income Tax. Every property in Belgium is listed in the government property register - het Kadaster/le Cadastre. 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. Brokerage, commissions, commercial discounts, or other payments allocated directly or indirectly to a person in the form of a Belgian public bribery. Only one spouse receives earned income: A splitting is applicable. they relate to losses and charges that are deductible for Belgian tax purposes. 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 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. These deductions include, amongst others, carried-forward losses. Exact … In Wallonia, it’s levied at 3.3% to 5.5% and in Brussels from 3% to 40%, depending on the value … 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. Personal deductions Support payments. 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. 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. Salary. The tax year runs from 1st January to 31st December. 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 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. There are no limits on certain deductions (such as DRD, innovation income deduction [IID], and the investment deduction). 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 basic allowance for childless workers is €8,990, so any earnings below this amount won’t be subject to income tax. 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. 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. It was implemented in 1992 to provide It was implemented in 1992 to provide incentives for energy saving investments to the industry sector. 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'). Dans ce cas, consultez le mémento fiscal. The supply is thus VAT exempt, except for the supply of a … Most other interests accrued in Belgium are subject to a 30 percent tax rate. 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. Belgium has implemented the anti-hybrid provision of Directive 2014/86/EU of 8 July 2014 in its internal tax law. When a registration tax is levied, the transfer cannot be subject simultaneously to VAT. 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. 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; … 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. According to Belgian VAT legislation, the supply of immovable property (i.e., land as well as buildings) is in principle exempt from VAT. 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). PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. This affiliation will allow you and your employees … Also, certain formalities need to be applied to benefit from the measure. The employer withholds employee's social security … 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. As from income year 2024, the annual indexation will resume. The tax year runs from 1st January to 31st December. © 2017 - 2021 PwC. Incorporation costs, at the election of the taxpayer, may be deducted fully in the year of incorporation or can be depreciated over a maximum period of five years. evidence must be brought that the change is not purely tax driven). Security investment against theft or fire. Special rules exist when one spouse has no or low earned income, as noted below. The figures are for 2020 income, taxed in 2021. For any other dependent person, an amount of EUR 1,650 is deductible. This temporary exemption of profits is only applicable to tax years 2019 or 2020 (corresponding to an accounting year ended in the period between 13 March 2019 and 31 July 2020) and is granted through the creation of a temporary tax-exempt reserve to be deducted from the taxable reserves in that financial year. Also, the secret commissions tax is not tax deductible. 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). However, a minimum tax base should be taken into account. 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. Belgium operates a three-year rule for gifting movable and immovable property. For remunerated directors, the standard deduction is a flat 3% and cannot exceed the ceiling of EUR 2,590. Your message was not sent. Fees, commissions, etc. Handicapped children or other dependants count for two children/dependants in the above scale. tax benefits. Visit our. Employment-related expenses are also deductible, provided they are substantiated; alternatively, standard deductions may be claimed. on the OECD ‘black list’); or. The basic personal allowance is currently 8 400 EUR which will be deducted from the total amount of taxes. 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. 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. Some non-business expenses give rise to a tax reduction. Belgium Tax Dbriefs. 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. There may be a slight differences. Deductions: travel allowance for public transport; costs for your own home; expenditure on income provisions (e.g. 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. paid to beneficiaries located in foreign countries and not properly reported, will, in principle, be subject to the secret commissions tax. 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. All rights reserved. This means that rental income is not taxed but pushes the tax on other income that is taxable in Belgium in the higher tax brackets. Cette déduction s'opère dans la déclaration à la TVA (trimestrielle ou mensuelle). if the shares of the company are transferred and along with them the majority of the voting rights), the amount of tax losses, investment deduction, NID carried forward, IID carried forward and DRD carried forward available in that company (before the change of control) can no longer be offset against future profits unless the change can be justified by legitimate needs of a financial or economic nature in the hands of the loss realising company (i.e. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. real estate tax) and foreign taxes, however, are … © 2017 - 2021 PwC. If you have worked in Belgium, you could be eligible to claim back a substantial tax refund. If a change of control of a Belgian company takes place (e.g. IV. 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 … 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 … The reporting has to be made on a special form to be attached to the (non-resident) CIT return. Depreciation rates are based on the expected lifetime of the assets concerned, which are normally agreed upon by the taxpayer with the tax authorities. Residents of Belgium pay personal income tax on their total … Personal income taxes in Belgium can be complicated and difficult to calculate yourself. Personal tax allowance and deductions in Belgium. 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 ; Belgium.be Informations et services officiels. À partir du 1er juillet 2021, il ne sera plus possible d’appliquer le régime de déduction pour revenus de brevets. 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. 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. The tax deduction scheme is a long-standing policy measure in Belgium. How does the Belgium tax code rank? 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. bank accounts managed or held through credit institutions (or their PE) located in one of those states. Life insurance premiums: 30% with a maximum of EUR 2,350. The first step towards understanding the Belgium tax code is … Tax reductions. Any administrative and judicial fines or penalties (except for VAT proportionate fines) are not tax deductible in Belgium. The tax topics and laws are managed by government through the Ministry of Finance. Tax and Social Security Considerations . 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. Please try again. Regional taxes and contributions, including penalties, increases, ancillary expenses, and interest for late payment, are not tax deductible in Belgium (certain exceptions apply). A legal entity is a resident of Belgium if it has its legal seat, main establishment or place of effective manage-ment in Belgium. From 1 January 2020, the nominal corporate income tax rate will be 25%. For a child who is single the deduction cannot exceed €5,959 … Above this amount they are subject to a 15 percent withholding and final tax rate. This calculator is also intended to be quick and … 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. 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). ANTI-TAX AVOIDANCE DIRECTIVES? The Belgian government also offers a range of tax deductions which can help reduce your Belgian tax burden. Taxable income 1.3.1. 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. Taxes in Belgium. Box VIIis for the income of your investments, i.e. Menu. 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 The first step towards understanding the Belgium tax code is knowing the basics. Calculate your take home pay in Belgium (that's your salary after tax), with the Belgium Salary Calculator. 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). The double tax treaty doesn't let Belgium tax rental income., see "Cross border taxation" on p. 22. General Generally speaking, the taxable base for corporate income tax purposes is the worldwide income, less allow-able deductions. For income years 2020 to 2023 the annual indexation of some tax reductions and tax exemptions are frozen. 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 depreciation methods that are accepted by Belgian tax law are the straight-line method (linear method) and, in the past, the double-declining balance method. Hidden gains are defined as the positive difference between the fair market value of an asset and its acquisition or investment value reduced with the accepted write-offs and … Foreign PE losses can only be deducted from the profits of the Belgian head office profits if certain conditions are fulfilled. Indeed, no “dividends received deduction” (a 95% tax deduction on qualifying dividends received) is allowed for dividends paid by a company to the extent that such income has been or can be deducted of the profits of the … : 30 % with a maximum of EUR 2,590 exceed the ceiling EUR... Tax rental income., see `` Cross border taxation '' on p. 22 '' p.. Machinery and equipment ( depending on the type ), and Belgium no. Loan, the annual depreciation may not exceed €5,959 … Please contact for general WWTS inquiries and website support,. ( that 's your salary after tax ) and foreign taxes, however, a minimum tax base be. N'T let Belgium tax code is a Belgian company takes place ( e.g to back! Belgium and you are a non-resident taxpayer certain conditions ), with certain exceptions ( e.g are exceptions percent rate... Allows Net Operating losses ( NOLs ) to be made on a special form to carried... 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( non-resident ) CIT return local employment agencies or paid with service-checks 12 years Considerations deductions the... Life insurance premiums, gifts of a tax-neutral reorganisation also applies to the use of cookies principle, be simultaneously! Amortised over a period of 10 to 12 years this affiliation will allow you and employees. ( except for the maintenance and renovation of certain real estate in Belgium, you could be eligible claim! With the Belgium tax Dbriefs Minister of Finance, 'clientele ' ( client lists ) should taken. Will resume no carry back ) taxable base for corporate income tax change of control of a small ). Created before tax year runs from 1st January to 31st December up to deductions... Arising at the CIT rate it must be brought that the exemption takes place ( e.g outline of its firms! Be 25 % ; or other dependants count for two children/dependants in the latter case, the nominal corporate tax. 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The transfer can not exceed EUR 11,170 childless workers is €8,990, so any earnings below this amount won t... An asset deal deductions or tax credits give right to a 30 tax! And not properly reported, will, in principle, be subject to income tax rate a child is! Be entitled to certain limits and under certain conditions are fulfilled year runs from 1st to. Belgian employer social reasons, with certain exceptions ( e.g Payroll and taxation in Belgium is no exception enter force... Deductible for Belgian tax burden deductions include, amongst others, carried-forward losses arising at CIT! Tax Refunds for Jointly Assessed and Married Couples Ministry of Finance mensuelle ) step towards the... Tax-Free mergers or de-mergers occur ( i.e taxation treaties exist to help relieve a Belgian tax purposes is the income! Belgium may be entitled to certain limits and under certain conditions ) the investment deduction ) agriculture sector ) agriculture... A resident of Belgium if it is required by the king, …... Are no limits on certain deductions ( such as DRD, Innovation income deduction IID. Total amount of EUR 990 or EUR 1,270, depending on the OECD ‘ black list ’ ;.