Personal Tax in Belgium
- Tax Base For Residents and Non-Residents
Residents of Belgium are subject to personal income tax on their total income from all sources. Rates vary between 25% and 50%. Residents also pay additional municipal taxes at rates that vary between 0% and 9% of the total income tax payable.
Non-residents are subject to personal income tax on Belgian source income only, notably on Belgian source professional income, on property income located in Belgium only and on Belgian source investment income. Non-residents have to pay additional taxes at a rate of 6.7% of the total income tax payable.
|Income tax is withheld at source:||from 25 to 50%|
|From EUR 0 to 7,560||25%|
|From EUR 7,560 to 10,760||30%|
|From EUR 10,760 to 17,920||40%|
|From EUR 17,920 to 32,860||45%|
|Over EUR 32,860||50%|
- Allowable Deductions and Tax Credit
- To know the requirements for deductible expenses in the personal income tax, consult the GEOFISC association's website (in French).
- Special Expatriate Tax Regime
An expatriate working in Belgium will typically be liable to Belgian income tax. Additionally, property tax, gift and succession duty may also be relevant. Residents of Belgium pay personal income tax on their total income from all worldwide sources on a sliding scale.
Residents also pay communal and regional taxes at rates between 0 and 8.5 percent of the total income tax payable.
The special expatriate tax status also offers two important tax advantages to foreign executives: the “tax-free expatriation allowances” and the “travel exclusion”.
- Capital Tax Rate
A 15% withholding tax is imposed on earnings from mutual funds investing more than 40% of their assets in interest-bearing securities.
Inheritance tax ranges from 3% to 30% in Wallonia and Brussels region and 3% to 27% in Flanders.
A 16.5% tax is payable on gains on property held for less than five years.
There is no wealth tax in Belgium.
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