Tax Filing in Corona Times

2020 Tax Return: the Guide Even in confinement, the taxman wants your tax return by 30 June; if you file online, you have another two weeks, until 16 July. It is time to file your tax return. Whether you are new to Belgium or have been filing your tax return here for years, you may have a few questions. This brochure …

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Ten myths about the 183 days’ rule

In The myth of the 183 days, we wrote that there was no such thing as a 183 days’ rule. In this post , we will say that there is a 183 days’ rule. Is that a contradiction? Not really. There is no 183 days’ rule to determine whether you are a Belgian resident. There is, however, a 183 days’ …

End of Tax on Securities Accounts

On October 17, the Belgian Constitutional Court ruled that the tax on securities accounts is unconstitutional (Decision 138/2019). For budgetary reasons the court did not make the decision retroactive and taxpayers must still pay the tax for 2018 and 2019. Individuals who own certain financial instruments on one or more securities or brokerage accounts must pay the tax if the average value …

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2019 Tax Return : if this is your first time …

If you are new to Belgium, or if this is the first time you have to file a tax return, these are a few of the things you need to know. The first time you receive a tax return, it comes in the form of a brown envelope with a tax return and a form to prepare the tax return …

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2019 Tax Return : the Guide

28 June is when the taxman wants your tax return; if you file online, you have another two weeks, until 11 July. It’s time to file your tax return again. Whether you are new to Belgium or have been filing your tax return here for years, you may have a number of questions. We will address some of these questions …

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The myth of the 183 days

Tax residence can be a difficult concept, in particular if one has many residences. Johnny Hallyday is a French rock star, who died at the end of last year. In fact, he was Belgian but became the French rocker of all rockers, made millions and moved to Switzerland for tax reasons.  In 2013, he took up residence in Santa Monica, California. …

How are your bitcoins taxed?

bitcoin

If you want to know whether the capital gains you make on bitcoin investments is taxable at all in Belgium, you can ask the Ruling Committee for an advance ruling. The Ruling Committee recently published a detailed questionnaire (NL/FR) that you will have complete when applying for a ruling. If you intend to ask for a ruling on the taxation …

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Wallonia reduces gift tax

In the wake of the tax reform in December 2017, the Walloon government is proposing to reduce the gift tax of houses and apartments and to simplify the calculation of the tax. Wallonia follows Flanders and Brussels. The gift tax is calculated depending on the relationship between the donor and the donee and the value of the gift. In direct …

Sale and Lease Back of real property: nothing changes, but does a VAT payer really have to pay back the VAT?

Upon referral from the Court of Appeal of Mons, the Court of Justice of the European Union will hear a case regarding the Belgian VAT treatment of real property acquired through sale and leaseback transactions (C-201/18 – Mydibel S.A. v État belge). The VAT payer, a producer of potato products, had given a right of emphyteusis (a temporary right in rem between …

Flanders reduces inheritance tax

In Belgium, gift tax and inheritance tax are regional taxes. That has not always been the case, some twenty-five years ago, the gift tax and the inheritance tax were a matter for the federal parliament. The Flemish, Brussels and the Walloon parliaments have gradually changed the rules, starting with small changes to the inheritance tax rates to some more fundamental …