The myth of the 183 days

Tax residence can be a difficult concept, in particular if one has many residences. Johnny Hallyday is a French rock star, who died at the end of last year. In fact, he was Belgian but became the French rocker of all rockers, made millions and moved to Switzerland for tax reasons.  In 2013, he took up residence in Santa Monica, California. …

How are your bitcoins taxed?

If you want to know whether the capital gains you make on bitcoin investments is taxable at all in Belgium, you can ask the Ruling Committee for an advance ruling. The Ruling Committee recently published a detailed questionnaire (NL/FR) that you will have complete when applying for a ruling. If you intend to ask for a ruling on the taxation …

Wallonia reduces gift tax

In the wake of the tax reform in December 2017, the Walloon government is proposing to reduce the gift tax of houses and apartments and to simplify the calculation of the tax. Wallonia follows Flanders and Brussels. The gift tax is calculated depending on the relationship between the donor and the donee and the value of the gift. In direct …

2018 Tax Return : Appeal the Tax Bill

How and where you do that is explained on page 2 of your tax bill. You have to send a letter to the regional directorate within after you receive the tax bill. That means the letter must arrive with the tax authorities within six months plus three working days from the date the assessment was sent out. That is the …

2018 Tax Return : The Tax Bill

Now that you have filed your tax return, all that you can do if wait for the tax man to send you the bill. The “avertissement extrait de role”/”aanslagbiljet” is really the tax bill for your 2017 income. This is what it looks like. If the tax bill is not sent before 30 June 2019, the taxman may have to …

2018 Tax Return : Nowhere to Hide

For years, many people thought they could safely “forget” to declare the income they had outside Belgium; the taxman would never find out. The EU Savings Directive was a rude wake-up call as the Belgian tax authorities started enquiring about overseas bank accounts. And when Belgian banks started reporting to the tax authorities abroad, they thought “Surely, Luxembourg and Switzerland …

2018 Tax Return : Tax on Securities Accounts

Since 2018, Belgium has a wealth tax! If you own one or more securities or brokerage account on which you hold stocks and bonds, units in mutual funds or warrants, you may have to pay the tax on securities accounts. If all your securities accounts together are worth more than €500,000, the tax is 0.15% of the average value of …

2018 Tax Return : Stock Exchange Tax

Belgium has always charged a tax on stock exchange transactions, such as the purchase and sale of some financial instruments (bonds and stocks) on a secondary market, and the sale of mutual funds (UCITS), through a Belgium-based professional intermediary, a bank or broker. The tax is also due when you buy or sell through a foreign bank or on an …

2018 Tax Return : Box XIV – Trusts

Moreover, you have to confirm whether you have set up a legal arrangement (a “construction juridique”) or whether you are the beneficiary of such a legal arrangement. This is a difficult word for a trust, a foundation or a foreign company in which you accumulate income tax free. Cayman tax If you have such a legal arrangement, you must also …