2020 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. …

2020 Tax Return : The Tax Bill

tax bill

Now that you have filed your tax return, all that you can do is wait for the tax man to send you the tax assessment or tax bill. The “avertissement extrait de role”/”aanslagbiljet” is really the tax bill for your 2019 income. If you have not seen one before, you can click here to see one. If the tax bill is not sent before 30 …

2020 Tax Return: Nowhere to Hide

For years, many people thought they could safely “forget” 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 receiving information about overseas bank accounts and enquiring about overseas bank accounts. And when Belgian banks started reporting to the tax authorities abroad, they thought “Surely, Luxembourg and Switzerland …

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 can pay you a tax-free allowance of €126.94 for working at home, plus €20 (for the use of your own pc) and …

2020 Tax Return: Tax on Securities Accounts

In 2018 Belgium introduced a wealth tax; in 2019, the Constitutional Court declared the tax discriminatory and annulled the tax … for the future.  This means that you must pay the tax a last time in 2020. What is this tax? If you own one or more securities or brokerage accounts with a bank, a brokerage firm or an investment firm and all your securities …

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 XII – Paying your Taxes in Advance

If you have paid your tax in advance, e.g. because you don’t have an employer who deducts the tax from your salary, you report that under 1570/2570 in Box XII. Paying the tax in advance is highly recommended, in particular for self-employed. Not doing so results in a tax increase of 2.25% of the tax. If you don’t have to pay the tax in advance …

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 …

2020 Tax Return: Box IX – Mortgages

In box IX you mostly report interest and mortgage payments to buy your main residence (under I) or another property (under II). The tax incentives to buy your main residence are a regional matter and you will see that the codes relating to your main residence start with a 3 (for him, on the left) or a 4 (for her). The rules depend on whether …