2020 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 need …

Belgium and Netherlands Sign Agreement on Taxation of Pensions

On 5 March, Belgian and Dutch officials signed an agreement clarifying the taxation of pensions under article 18 of the double tax treaty (in English) between the two countries.  The agreement was published in the Staatscourant (the Dutch official journal FR). The agreement is the result of a change in policy announced by the Dutch government at the end of last year that they would tax …

Voluntary Disclosure Regime in a Federal State

In 2015 Belgium’s federal government decided to give taxpayers (another) last chance to regularize unpaid taxes and social security contributions. The law introducing a new, permanent voluntary disclosure regime for tax and social security matters, dated July 21, 2016, entered into force on August 1, 2016. Or at least it did in theory. The challenge: In a federal state where regional governments can levy taxes, …

Guidance Clarifies Tax Treatment of DredgeWorkers

The Belgian tax authorities on October 26 published a practice note (Ci.R9. Div. 607/317) clarifying the tax regime for employees working aboard dredgers. The tax authorities note that in principle, dredging projects fall under articles 5 and 7 of Belgium’s tax treaties. This means their profits are taxable in the country where the enterprise is set up unless it has a permanent establishment in the …