A. Tax increases in absence of prepayments (companies) Per quarter Ass. year 2018 2019 2020 (*) April 10 3% 9% 9% July 10 2,5% 7,5% 7,5% Oct. 10 2% 6% 6% Dec. 20 1,5% 4,5% 4,5% Average 2,25% 6,75% 6,75% B. Rebates Per quarter April 10 1,5% 1,5% 1,5% July 10 1,25% 1,25% 1,25% O ...
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Social security contributions (2019)
Employees (White-collar) Employer's contributions: 25% Employee's contributions: 13,07% Self-employed Max. €16.268,80 Companies €347,50 €868,00 if balance sheet total > €700.247,09 ...
Monthly contribution CO2 on company cars (2019)
Vehicles with petrol engine: [(Y x 9) - 768]: 12 x 1,295 Vehicles with diesel engine: [(Y x 9) - 768]: 12 x 1,295 Minimum monthly contribution: €26,97 Y = CO2 emission in gram per km ...
Tax on placing new cars in circulation (2019)
Fiscal horsepower (*) KW (*) Amount of tax (€) 0-8 0-70 61,50 9-10 71-85 123,00 11 86-100 495,00 12-14 101-110 867,00 15 111-120 1.239,00 16-17 121-155 2.478,00 More than 17 More than 155 4.957,00 (*) Whichever is higher A special regime applies to second-hand cars Walloon Region: Flemish Region: To increas ...
Special social security contributions (2019)
Taxable "family" income (2019) (€) Rate (€) 0 - 18.592,01 0 18.592,02 - 21.070,96 9% in excess of > 18.592,01 21.070,97 - 60.161,85 223,10 + 1,3% in excess of > 21.070,96 > 60.161,85 731,28 ...
Benefits in kind (2019)
Interest rate on current account Year of disposal Reference rate 2016 9,27% 2017 8,78% 2018 8,94% Personal use of a company car Catalogue value(*) x [5,5 + 0,1 x (CO2 emission - 88 (diesel) or 107 (petrol))](**)/100 x 6/7 = benefit in kind (***)17% (40% if intervention of the employer in the fuel expenses) of the benefit in kind before deductio ...
Corporate tax rate (2019)
Rates (assessment year 2020) (*) A. Standard rate B. Reduced rates if applicable C. Other rates 29,58% 20,40% for SMEs (first €100.000) Capital gains on shares (25,50%), secret commissions tax (102% - 51%) (*) Incl. 2% crisis contribution Risk Capital Deduction Ass. year 2018: 0,237% (small companies: 0,737%) Ass. year 2019: 0,746% (small compani ...
Company law (2019)
Average number of employees Turnover Balance sheet total Microscheme (*) ≤ 10 ≤ €700.000,00 ≤ €350.000,00 Condensed annual accounts (*) ≤ 50 ≤ €9.000.000,00 ≤ €4.500.000,00 Complete annual accounts (*) > 50 > €9.000.000,00 > €4.500.000,00 Consolidated annual accounts (*) > 250 (consolidated) > €34.000.000,00 (consolidated) > € ...
Value added tax (2019)
Rates: 0, 6, 12 and 21% Non taxable legal entities, wholly exempted businesses, "flat rate" farmers and small businesses: acquisition threshold = €11.200,00 Quarterly filing of return (optional): annual turnover ≤ €2.500.000,00 Deduction of VAT on car costs for business use (maximum 50%) Monthly filing of return: annual turnover > ...
Investment deduction (2019)
Rates (assessment year 2020) A. Standard rate Individuals and SMEs (art. 15 Company Code) 20% B. Increased rates Energy-saving investments 13,5% R&D new products/technologies (*) 13,5% Patents (*) 13,5% Digital assets 13,5% Investments in security 20,5% Investments in ships 30,0% C. Spread ...