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 …

The New Expatriate Tax Regime

Belgium replaces Expatriate Tax Regime by an Inpatriate Tax Regime Next year, Belgium will phase out its expatriate tax regime and introduce an inpatriate tax regime. This webinar will set out the conditions and benefits of the new tax regime for inpatriates. The new regime will simplify the procedure and the tax benefits, a simple allowance of 30% of the inpatriate’s remuneration. The expatriate tax …

What does the taxman want to know about my overseas property?

Online The Belgian tax authorities have given in to the ECJ. Now they want to give a cadastral revenue to your overseas properties. Do you need some help filling in the form? 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 …

Estate Planning for Expatriates

TEP-talks

Mort subite … What happens when an expatriate dies in Belgium? An international lawyer Marc Quaghebeur and Dave Deruytter of ING demystify the matter, including the key international aspects.  Mort subite: hat happens when I die as an expatriate in Belgium?  What are the inheritance rules in Belgium and what are the key international aspects? What can your bank do for you to help you with …

That (unknown) Stock Exchange Tax

The tax you don’t know you have to pay The tax on stock exchange transactions (Taxe sur les Opérations boursières/Taks op Beursverrichtingen in short “TOB), also called the stock exchange tax, is one of the least known taxes in Belgium even if it has been in existence for over a century. Initially, when the stock exchange tax was introduced in 1913, it was only due …

Inheritance tax return: the value of real estate

When a Belgian resident dies, his next of kin have four months to file an inheritance tax return. They usually do this together, but they can do this separately as well, usually when they disagree.  In practice, they call upon a notary to help them file the inheritance tax return, but that is not obligatory, not even when the deceased owned real estate. We cannot …

Constitutional Court gives foreign (inheritance) tax credit

Banco de Espana

In a decision of 3 June 2021, the Constitutional Court ordered a major change of the Belgian inheritance tax code, or rather the three regional inheritance tax codes. The Court ruled that the inheritance tax legislation in all three regions, is discriminatory, where it grants a credit for overseas inheritance tax on foreign real property, but not for overseas inheritance tax levied on movable assets …

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 …