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. 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. In the latter case, the annual depreciation may not exceed 40% of the acquisition value. Taxes in Belgium. Please contact for general WWTS inquiries and website support. © 2017 - 2021 PwC. Fees, commissions, etc. Please see www.pwc.com/structure for further details. 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. The tax topics and laws are managed by government through the Ministry of Finance. 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. Some non-business expenses give rise to a tax reduction. In the event of non-reporting, the payments will be disallowed expenses for CIT purposes. 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. An outline of its contents is provided here in English. Belgium: 29% (25% from 2020. Residents of Belgium pay personal income tax on their total … The figures are for 2020 income, taxed in 2021. bank accounts managed or held through credit institutions (or their PE) located in one of those states. 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. The rule will enter into force as of 1 January 2019. As a fixed deduction facilitates the … they, among other things, follow the continuity principle from an accounting perspective). Tax and Social Security Considerations . All income derived by a company con- 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. There are no limits on certain deductions (such as DRD, innovation income deduction [IID], and the investment deduction). 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. 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. Expenses incurred for the maintenance and renovation of certain real estate. 1.3. 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; … 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. Accurate Tax Refund Assessment 24/7 Live Chat Support Maximum Legal Refund Guaranteed. As far as we know, Belgium is the only country with a combined deduction for interest costs and capital2. 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'). As from income year 2024, the annual indexation will resume. 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. Belgian accounting and tax laws allow amortisation of goodwill arising at the occasion of an asset deal. 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. paid to beneficiaries located in foreign countries and not properly reported, will, in principle, be subject to the secret commissions tax. These are normally taxed at source; the (Belgian) bank or the company that pays the dividend deducts 30% tax when they pay out. 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. evidence must be brought that the change is not purely tax driven). 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. 30% or 25%, respectively). 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 … Error! The tax year runs from 1st January to 31st December. Special rules exist when one spouse has no or low earned income, as noted below. Payroll & Tax in Belgium. Please contact for general WWTS inquiries and website support. The Belgian government also offers a range of tax deductions which can help reduce your Belgian tax burden. 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. For employees, the standard expense deduction amounts to 30% of the gross earning, up to a ceiling of EUR 4,920. Immovable WHT (i.e. According to Belgian VAT legislation, the supply of immovable property (i.e., land as well as buildings) is in principle exempt from VAT. 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. 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). IV. In determining the tax base, compulsory social security contributions (paid in Belgium or abroad) are fully deductible. Visit our. The amount of the maximum deduction varies according to the circumstances of your child. 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. Belgium allows Net Operating Losses (NOLs) to be carried forward with no time limits (no carry back). Belgium payroll & taxation. Regional taxes and contributions, including penalties, increases, ancillary expenses, and interest for late payment, are not tax deductible in Belgium (certain exceptions apply). 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. All rights reserved. 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. Individual - Foreign tax relief and tax treaties. La période transitoire, qui a débuté le 1er juillet 2016, s’achèvera en effet le 30 juin 2021. Taxable income 1.3.1. Each country’s tax code is a multifaceted system with many moving parts, and Belgium is no exception. 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. Employment-related expenses are also deductible, provided they are substantiated; alternatively, standard deductions may be claimed. The personal basic exemption amounts to EUR 9,050. 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). Belgium has implemented the anti-hybrid provision of Directive 2014/86/EU of 8 July 2014 in its internal tax law. 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. 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. Depending on your personal situation, you may be entitled to certain deductions or tax credits. Box IV is relevant for most people. Vous recherchez des informations détaillées sur la fiscalité ? Above this amount they are subject to a 15 percent withholding and final tax rate. 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. Taxation in Belgium Income Tax is a progressive tax, meaning that individuals with higher wages will be taxed more than individuals with lower wages. There is no tax loss carryback provision under Belgian tax law (except for the agriculture sector). 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 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. 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. The tax year runs from 1st January to 31st December. By continuing to browse this site you agree to the use of cookies. Belgium operates a three-year rule for gifting movable and immovable property. Personal tax allowance and deductions in Belgium. If a change of control of a Belgian company takes place (e.g. General Generally speaking, the taxable base for corporate income tax purposes is the worldwide income, less allow-able deductions. The complete texts of the following tax treaty documents are available in Adobe PDF format. The remaining 30% will be fully taxable at the CIT rate (see Minimum tax base in the Taxes on corporate income section). Payment of services performed in the framework of local employment agencies or paid with service-checks. Any administrative and judicial fines or penalties (except for VAT proportionate fines) are not tax deductible in Belgium. 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). There may be a slight differences. These deductions include, amongst others, carried-forward losses. According to the Minister of Finance, 'clientele' (client lists) should be amortised over a period of 10 to 12 years. 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). Calculate your take home pay in Belgium (that's your salary after tax), with the Belgium Salary Calculator. 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. persons or PEs situated or located in a tax haven, bank accounts managed or held by one of these recipients or PEs, and. On this page: ... You live in Belgium and you are a non-resident taxpayer. Please see www.pwc.com/structure for further details. 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. 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 … Navigate the tax, legal, and economic measures in response to COVID-19. All rights reserved. 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 residents in Belgium have a personal tax allowance, which is updated each year and varies based on how many children you have. The law includes an exhaustive list of gifts that are deductible, including gifts in cash to certain social, cultural, or scientific organisations. The power to levy taxes has only the parliament. Social Security Contributions is paid on top of earned income. At the federal level, the most commonly granted reductions mainly concern: At the regional level, the most commonly granted tax reductions concern: In addition to the above-mentioned deductions, some personal exemptions are granted. Le Crédit d'impôt monoparental (CIM) est appliqué sur demande et sous conditions. Error! 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. Belgium.be Informations et services officiels. Income that may be attributed to the non-earning spouse cannot exceed EUR 11,170. Gift tax. Your message was not sent. People working in Belgium may be subject to up to 57% income tax… 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. This affiliation will allow you and your employees … Personal income taxes in Belgium can be complicated and difficult to calculate yourself. 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. À partir du 1er juillet 2021, il ne sera plus possible d’appliquer le régime de déduction pour revenus de brevets. The Belgian Tax Administration is of the opinion that this does not only apply to property in Belgium, but also to property located abroad. Updated for 2020! Exact … Royalties are subject to withholding tax at a rate of 15% if the underlying contract was concluded on … Salary. dividends and interest. The capital repayment of a mortgage loan. Depreciation rates are based on the expected lifetime of the assets concerned, which are normally agreed upon by the taxpayer with the tax authorities. Double taxation treaties exist to help relieve a Belgian tax resident from having to pay additional income tax to another country. Belgium Tax Dbriefs. This large set of measures makes Belgium an attractive location for capital-intensive companies, equityfunded headquarters and treasury centres. 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. 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. However, a minimum tax base should be taken into account. From 1 January 2020, the nominal corporate income tax rate will be 25%. We will also check if you can avail of any additional tax relief or deductions. A new tax regime for R&D called“Deduction for Innovation Income” is about to be enacted. The reporting has to be made on a special form to be attached to the (non-resident) CIT return. Also, the secret commissions tax is not tax deductible. on the OECD ‘black list’); or. Foreign PE losses can only be deducted from the profits of the Belgian head office profits if certain conditions are fulfilled. 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. 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 transfer of real estate in Belgium is normally subject to the transfer tax. Experts At Tax Refunds For Jointly Assessed And Married Couples . Each country’s tax code is a multifaceted system with many moving parts, and Belgium is no exception. included in the EU list of non-cooperative jurisdictions. The Belgian government also offers a range of tax deductions which can help reduce your Belgian tax burden. 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. Some non-business expenses give rise to a tax reduction. 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. It must be stressed that the exemption takes place on the lowest part of income (at the lowest marginal tax rates). … The aforesaid accounting and tax amortisation for goodwill is not available if tax-free mergers or de-mergers occur (i.e. Box VIIis for the income of your investments, i.e. 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. ANTI-TAX AVOIDANCE DIRECTIVES? tax benefits. The employer withholds employee's social security … Taxes in Belgium. Corporate Tax. Immovable WHT (i.e. For income years 2020 to 2023 the annual indexation of some tax reductions and tax exemptions are frozen. EUR 990 and EUR 1,270. 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. Deductions outside the basket are fully deductible. Most other interests accrued in Belgium are subject to a 30 percent tax rate. Please try again. How does the Belgium tax code rank? 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. they correspond to an existing and known obligation at year-end closing (in addition to the other already existing conditions), and. The double tax treaty doesn't let Belgium tax rental income., see "Cross border taxation" on p. 22. Personal deductions Support payments. This change does not apply to existing provisions created before tax year 2019. 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. If that is the case, you don't have to declare the interest or dividends in your tax return, … Visit our. 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. 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