The bills may be amended during their passage through Parliament.
Most of the measures will enter into force on 1 January 2024, alternative effective dates are indicated separately. Step-up of child-related budget in connection with purchasing power support.Floor beyond which additional unearned income is taxed at the parents tax rate. Not phasing out of double general tax credit in reference minimum wage the tax rates & brackets for a single filer).Reduction of personal contribution for housing benefit.Temporary Rules on Revision of Income Tax Returns.2024 Business Succession Tax Facilities (Amendment) Act.Compensation of Costs of WOZ and BPM Legal Proceedings (Revaluation) Act.Income Tax Return Pre-processing Selection (Compensation) Act.Tax Qualification Policy for Legal Forms.Fiscal Investment Institutions (Amendment) Act.Mutual Funds and Exempt Investment Institutions (Amendment) Act.The table shows the tax rates you pay in each band if you have a standard Personal Allowance of 12,570. Climate-related Tax Measures for Electricity and Industry The current tax year is from 6 April 2023 to 5 April 2024.Climate-related Tax Measures for Greenhouse Horticulture.This package includes the following bills: Numerous tax benefits are also subject to the condition that the earned income that is taxable in Belgium accounts for at least 75% of the total earned income.On 19 September 2023, the government submitted the 2024 Tax Plan package to the House of Representatives. The tax-free allowance is EUR 9 270 (for 2022 income).
This means that a portion of your taxable income is not taxed. If the earned income that is taxable in Belgium amounts to at least 75% of the total earned income (both the Belgian and foreign earned income), a non-resident is entitled to a ‘tax-free allowance’. Non-resident tax is only calculated on income that was realised or received in Belgium.Ī non-resident has a taxable income in Belgium of EUR 10 000 and also has foreign income. This means that the higher your income is, the higher the rate of tax you pay.
If you have questions, you can contact the Franchise Tax Boards tax help line at 1-80 or the automated tax service line at 1-80. childcare, pension savings, etc.)Īs is the case with personal income tax, non-resident tax has progressive tax rates. Additionally, taxpayers earning over 1M are subject to an additional surtax of 1, making the effective maximum tax rate 13.3 on income over 1 million. foreign income, pensions and substitute income, etc.) The amount of tax you pay is also reduced if you have (2023 income: EUR 10.160). It may be higher depending on your personal situation (e.g. certain supplementary pension capital).Įveryone who is subject to personal income tax is entitled to a ‘tax-free allowance’. Some income is not taxed at these progressive rates and is instead subject to separate rates (e.g. Personal income tax is calculated on all taxable income, even if some of it was realised or received abroad.Ī resident has a taxable income of EUR 26 000.īasic tax = 3 467,50 + 4 244 + 684 = EUR 8 395,50 Personal income tax has progressive tax rates.
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