2022 Tax Return: the Guide

Post Covid, many of us have gone back to work with no desire to be back full time. We all have more or less enjoyed working from home and the government is trying to make life a bit easier with some tax measures (see “Taxes in Corona Times”). It sounds worse than it is. 40% of all the taxpayers fill out less than ten codes. …

Non-doms, what’s in a name

By a bizarre twist of events, while Rishi Sunak, the Chancellor of the Exchequer introduced an increase of the national insurance contributions, it came to light that his wife, Akshata Murthy has non domicile status and avoids an estimated £20 million in taxes in the United Kingdom. She is the daughter of N. R. Narayana Murthy, the founder of the Indian IT multinational Infosys, and …

TEP-talks

TEP-talks

EU officials: An Introduction to Taxes 21 April 2022 @ 18:00  The tax status of an EU official is governed by the articles 12 and 13 of the Protocol (No 7) on the Privileges and Immunities of the European Union.Article 12 states that the remuneration they receive from the European Institutions is exempt from national taxes in the Member States. The exemption of the remuneration paid by the international institutions …

Hosting Ukrainian refugees, and taxes?

On 23 March 2022, The Belgian Federal Service for Finance has issued clarifications on the tax consequences of hosting Ukrainian refugees who have fled their country following the invasion by Russia.  The main clarifications are Hosting refugees at home (for free!) does not impact the tax regime of your home. An owner-occupied house continues to be fully tax exempt for income tax purposes. Moreover, the …

The tax deduction for alimony payments

The Court of Justice of the European Union has rendered a decision that will give more non-residents a personal allowance, an allowance for dependent children and the right to deduct the alimony or maintenance they pay. Belgian residents can deduct 80% of the alimony or maintenance payments they made during the year (Article 104 ITC 1992 if they meet the conditions following conditions : they …

Belgium replaces its Expatriate Tax Regime by an Inpatriate Tax Regime

Belgium has introduced an inpatriate tax regime starting from 2022 that will phase out the expatriate tax regime.  The new rules must give the tax regime the legal certainty that the 1983 tax regime lacked while promoting Belgium to foreign investors and enable international companies to post or recruit qualified personnel at an acceptable and competitive cost. The 1983 expatriate tax regime Foreign executives have …

How do you tax overseas real property …

… without infringing European law? After the European Court of Justice ordered Belgium to change its rules on the taxation of overseas properties and to pay a penalty of €2 million and a daily payment of €7,500 (for prior coverage see here). Finance Minister Vincent Van Peteghem rolled out an ambitious plan to set up a register of all properties held by Belgian residents all …

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Confused UK retirees …

The Belgian tax authorities are emphasising that it has nothing to do with Brexit, but this year, they have suddenly decided to tax Belgian state pensions paid to British retirees living in the UK. The problem is the double tax treaty between Belgium and the United Kingdom and the transitional rule for older retirees. What is it all about? If you live in one country …

Taxes in Corona Times

Covid-19 has changed certain rules and habits. You cannot visit the tax office to get help to complete your tax return, that has to be done over the phone (see Help!?). You may have been forced to work from home and your employer could pay you a tax-free allowance of €126.94 for working at home, plus €20 (for the use of your own pc) and …

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 address in the middle of the page within six months 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 tax assessment was sent out. …