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Taxation in Belgium

  • Incorporation time: 4 days
  • Shelf companies: No
  • Accounting: Yes
  • Secretary: Yes
  • Nominee Shareholder: No
  • Nominee director: No
Tax 34%
1 € = 1.35 USD

Belgium’s Tax Rates

The corporation tax rate is tiered based on turnover. It is important to note that a Belgian company is taxed on its worldwide income, whether or not it is Belgian resident. Taxation of companies is as follows:

Corporate income (EUR) Tax rate
0 – 25,000 24.98%
25,001 – 90,000 31.98%
90,001 – 322,500 35.54%
Base rate 33.99% + a surtax of 3%

VAT in Belgium is charged at a normal rate of 21%, with reduced rates of 6% and 12% applying to some sectors.

Personal income tax is progressive and is taxed at the following rates :

Income Level (EUR)         Tax Rate                        
0 – 8,070 25%
8,071 – 11,480 30%
11,481 – 19,130 40%
19,131 – 35,060 45%
35,061 and + 50%

Accounting Requirements In Belgium

The Belgian tax year runs from 1st January to 31st December. Accounts, which are compulsory, must comprise a balance sheet, summary of profit and loss and appendices. All accounts must be audited and accounting standards are set by the Minimum Standard Chart of Accounts.

Links :

Minimum Standard Chart of Accounts
Accounting Standards Commission in Belgium

 

 

 

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