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Airbnb

If you let out a furnished property through short term rental agreements or through Airbnb, you have to pay tax on the rent for te apartment and on the rent for the furniture. If you want to rent an apartment through Airbnb, with services that you or an agent provide (e.g. BNBE), the tax regime is slightly more complicated. How is a furnished rental taxed? …

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 (that is a general term for stocks, bonds, units of mutual funds, etc …) 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 …

Tax Return: Box X – Other Tax Deductions

Box X is for all sorts of payments or expenses that you have made and for which you can claim a tax reduction. That goes from gifts to charities (code 1394): the minimum is €40 per charity, if you have a tax certificate from the charity, you can recover up to 60% of the gift by reducing your tax bill (that is due to Covid, …

Tax Return: Box VI – Alimony and Child Support

If you receive alimony, you must declare it in Box VI under code 1192 and you will be taxed on 80% of the maintenance. There are separate codes for maintenance that is paid retroactively following a court decision (1193) and for maintenance that is paid in a lump sum. In that case, you have to declare every year a percentage of that capital. Child support …

Tax Return: Box III – Real Estate

  In box III, you declare the income from any real estate you may own, that can be actual rental income you receive or the theoretical income from a second or third residence. If you only own the house you live in, you don’t need to declare anything at all, unless you rent out part of your house. If you have a second residence, you …

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 …

Bringing back the bitcoins

In recent months, there have been reports in the press about the problems investors in crypto currencies have transferring their gains to their bank accounts. Not only gains from crypto platforms, but also large-ish inheritances or sales of properties abroad are monitored with questions about the origin of the money, and if no acceptable answer is given, a freeze of the assets. Cryptocurrencies pose a …

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Help! I received a tax return from the Belgian taxman…

Pensioner under the sun

I live in Cyprus and I just received a tax return from the Belgian tax authorities that must be filed by 3 December.
My husband worked in Belgium years ago, I never lived there. He died seven years ago. I now receive a widow’s pension.
I never received an income tax return – and neither did he.
Why do I get one now?

2020 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 online account. And you must …

2020 Tax Return: Box X – Other Tax Deductions

Box X is for all sorts of payments or expenses that you have made and for which you can claim a tax reduction. That goes from donations to charities (1394): the minimum is €40 per charity, if you have a tax certificate of the donation, you can recover up to 45% of the gift by reducing your tax bill; childcare (1384): you can deduct €11.2 …