iCalculator™ BE: Belgium Tax Calculators

Welcome to iCalculator™ BE, your comprehensive suite of free tax calculators for Belgium. iCalculator™ has provided free tax calculators for Belgium since 2019. Since those early days we have extended our resources for Belgium to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Belgium Tax Calculator and salary calculators within our Belgium tax section are based on the latest tax rates published by the Tax Administration in Belgium. In this dedicated Tax Portal for Belgium you can access:

Belgium Tax Calculator 2023/24

The Belgium Tax Calculator below is for the 2023 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Belgium. This includes calculations for

1. Employees in Belgium to calculate their annual salary after tax.
2. Employers to calculate their cost of employment for their employees in Belgium.

The Kingdom of Belgium has a well-structured taxation system that encompasses a variety of taxes for both individuals and businesses. The system is multi-layered, reflecting the country’s federal structure, with taxes levied at national, regional, and local levels. This overview provides insights into the different types of taxes and the compliance requirements within Belgium.

Personal Income Tax

Belgian residents are subject to personal income tax on their worldwide income, while non-residents are taxed on their Belgian-sourced income. The system is progressive, and taxpayers are required to file annual tax returns. Special rules apply to expatriates and certain foreign executives.

Corporate Tax

Belgium imposes corporate tax on the worldwide profits of companies that are resident in the country. Non-resident companies are taxed only on income derived from Belgian sources. Compliance involves regular corporate tax filings and advance tax payments throughout the fiscal year.

Value Added Tax (VAT)

VAT is charged on the supply of goods and services in Belgium as well as on imports into Belgium. Businesses must register for VAT if their turnover exceeds a certain threshold. VAT returns are typically filed monthly or quarterly, depending on the size of the business.

Social Security Contributions

Both employers and employees are required to make social security contributions. These contributions fund various public social benefits, including pensions, healthcare, and unemployment benefits. Compliance includes the accurate calculation of contributions and regular payments to the social security administration.

Property Tax

Property owners in Belgium are subject to an annual property tax, calculated based on the property's 'cadastral income.' There are also registration duties on the transfer of property and a tax on speculative gains on the sale of property within a certain period.

Inheritance and Gift Tax

Inheritance tax is due on all assets passed on due to death, while gift tax applies to gifts of movable and immovable property. Rates and allowances vary depending on the region of Belgium and the relationship between the donor and beneficiary.

Excise Duties

Excise duties are levied on specific goods such as alcohol, tobacco, and energy products when they are produced in or imported into Belgium. These taxes are generally collected at the production or importation stage.

Local Taxes

Municipalities in Belgium may impose additional taxes on activities, services, and property within their jurisdiction. These local taxes can vary significantly from one municipality to another.

International Tax Agreements

Belgium has an extensive network of double taxation treaties with other countries to prevent double taxation and allow cooperation between Belgium and overseas tax authorities in enforcing their respective tax laws.

Tax Compliance and Administration

Compliance with Belgian tax laws requires understanding the filing and payment schedules, maintaining appropriate documentation, and keeping abreast of the changes in tax legislation. The Belgian Tax Administration offers online platforms for submitting tax returns and making payments, thereby facilitating compliance for taxpayers.