Belgium
Taxation in Belgium
Belgium Business Experts
Recent forum posts
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business services for purchasing cocoa beans, roucou and cashew nuts
Hello everyone,My name is Hermann Rodrigue KOUADIO, I am African, of Ivorian nationality. My interest on this site is to sell large quantities of agricultural products including cocoa beans, roucou seeds, and cashew nuts. And to allow German companies to build a supply chain with producers.I have a quantity of 10,000 tons of cocoa beans for sale for the next harvest in September-December. I am
Total Posts: 1 Last post by Hermann
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Private venue event - running a bar
I have been asked through a colleague to run a bar for a private event at a chateau in France. It is a pay per drink bar, and I am trying to make sense of the legal requirements - any advice please
Total Posts: 1 Last post by PaulC
Taxation in Belgium
Corporate income tax
Belgian companies, as well as those Belgian branches of foreign companies, are taxed on their foreign source income. Foreign companies are taxed at a rate of 33.99%. For smaller companies, whose taxable profits don't exceed EUR322,500, the tax rate falls to 24.98%.
Individual income tax
Individuals are taxed on their worldwide income. It is based on salaries and wages, property (real estate) income, self-employment income and any other income earned.
Possible tax deductions include professional expenses, special deductible expenses and personal deductions and allowances. The individual income tax rate varies hugely, relating to the net taxable income from 0% to 50%.
- 25% on income between 1 and 7,900
- 30% on income between 7,901 and 11,240
- 40% on income between 11,241 and 18,730
- 45% on income between 18,731 and 34,330
- 50% on income of 34,331 and over
VAT in Belgium
- VAT is 21%
- Reduced rate 6/12%
Organisations that can assist with Taxation
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> Kreanove
KREANOVE is a service for new entrepreneurs. If you created your company, your lawyer will probably recommend you to use our service Bank Enterprise Wheel
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> Cross Border VAT Support Ltd
Your One-Stop Shop for Cross Border VAT Compliance