Belgium taxes
Brussels is the capital of Belgium, the country's population is 11 people. The state is located in northwestern Europe.
If you wish open a company in Belgium, First of all, you should learn more about the taxation system and interest rates of tax payments.
Highly qualified specialists of the Company «E-COMMERCE BROKER" will provide up-to-date information on the possibility of running a successful business in Belgium.
The accumulated experience allows us to cope with work tasks of varying levels of complexity. We specialize in opening companies, current accounts in different jurisdictions, and providing individual payment solutions.
The company's office is located in Tallinn; if you have the opportunity to meet in person, we will be happy to provide personal consultation. For prompt communication, contact information is provided on the website.
Belgium tax system
The amount of duty paid by legal entities is determined based on the level of profit received by the enterprise. Provided that the annual turnover is above 322 euros, then the tax rate will be 500%.
There are several VAT rates in effect on the territory of the North-West European country. Your company can safely count on a lower tax rate if the sum of profits from all sources is less than the above figure.
Size value added tax in Belgium equal to 21%. This rate is equal to 12% if the specifics of the company’s activities are related to the restaurant business, medicine, or the sale of solid fuel materials.
VAT of 6% is provided for medicines, essential goods and food products. 0% - printed publications, goods subject to disposal. All local companies are required by law to register for this tax.
The tax return is submitted once every quarter or month, it all depends on the turnover rate for the reporting period and the specifics of the activity. Also in Belgium there is a Stamp Duty of 1% (a tax payment levied on the purchase of land, real estate and other investment instruments). There is no state fee.
Taxation in Belgium
The tax rate for organizations depends on the level of income. In order to take advantage of reduced rates, an organization must optimize its own budget and also meet the following conditions:
- should not own shares of other companies in excess of 50%;
- the taxpayer should not be related to organizations that have a registered focal point;
- payment of part of the profit in excess of 13% of the amount contributed to the capital is excluded.
Filing a tax return to the inspection is accompanied by complete financial statements, indicating all profits, expenses and other important information. Although Belgium does not have an attractive fiscal system, the country is attractive to many foreign businessmen due to its flexible tax incentive system.
Moreover, for non-resident legal entities there are various relaxations in the tax system: receiving a deduction of 4%, abolishing the interest rate on wealth, the legal right not to transfer payments from personal cash receipts, and so on.
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