We offer the following services:

  • Book-keeping
  • Preparation and submission of VAT returns
  • Preparation of either monthly, quarterly or yearly management accounts
  • Preparation of accounts
  • Completion and filing of company tax returns
  • Registration of new business’s for tax and VAT
  • Tax advice for small/medium sized businesses and individuals

BUSINESS SET UP

You can set up the following types of business in Belgium:

  • Private Limited Liability Company (S.P.R.L./B.V.B.A.)
  • Public Limited Company (S.A./N.V.)

All businesses have a legal requirement to keep full and complete books and records.

LIMITED COMPANIES (SPRL/BVBA)

Most common form of business set up in Belgium.

PUBLIC LIMITED COMPANIES (SA/NV)

SA/NV status is mainly favoured by large enterprises.

SOLE TRADER

This is when you trade as an individual

MAIN TAXES IN BELGIUM

There are two main kinds of tax in Belgium:

Corporate Tax
Personal Income Tax

Certain types of income may require additional taxes, such as Capital Gains Tax.

CORPORATION TAX

This is based on the profits of the business:

The basic rate is 33.99% (includes a surcharge of 3%). Certain SMEs and companies that are more than 50% owned by individuals may benefit from a progressive corporate tax rate (inc. surcharge):

Taxable income (€) CIT rate (%)
0 to 25,000 24.98
25,001 to 90,000 31.93
90,001 to 322,500 35.54

Companies which are 50% or more owned by other companies are excluded from the progressive rates, regardless of size. All companies earning over €322,500 are taxed at 33.99%.

Corporate Tax is due on an annual basis, and paid quarterly in advance.

VAT

The general VAT rate is 21%

PERSONAL INCOME TAX

All individuals based in Belgium must pay taxes on income.

Bracket Annual income Rate
1 up to €8 710 25%
2 €8 710 – €12 400 30%
3 €12 400 – €20 660 40%
4 €20 660 – €37 870 45%
5 over €37 870 50%

Municipal taxes should be added to the rates above.

CAPITAL GAINS TAX

These are normally viewed as business income and are taxed at the standard Corporate Tax rates. Shares gains are one of the exceptions to this.

For further information, please contact us on +44 (0)208 421 7474 or fill in the form below:

Enquire About Our Belgium Accountancy & Tax Services

For further information, please contact us on +44 (0)208 421 7474 or fill in the form below:

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