Companies must file their corporate tax return on an annual basis and make quarterly payments.
Before we delve into corporate tax, have a look at the main taxes in Belgium
In general, the tax base for Corporate Income Tax (CIT) consists of worldwide income less allowed deductions.
The rules are equally applicable to companies and PEs. It is assumed that all income received by a company is, in principle, business income.
CIT is levied at a rate of 25% . This rate applies to both Belgian companies (subject to Belgian Corporate Income Tax) and Belgian Permanent Establishments of foreign companies (subject to Belgian non-resident CIT).
As of tax year 2022 and 2023 (financial years ending 31/12/2022), the surcharge due on the final Corporate Income Tax amount is upon assessment. This can be avoided if sufficient advance tax payments are made.
Small and medium-sized enterprises (SMEs) (based on article 1:24 of the Code for Companies and Associations and provided several other conditions are met) will be able to profit from a decreased rate of 20% on the first bracket of 100.000 euro profit.
As of tax year 2021 (financial years ending 31 December 2020 and later), this rate amounts to 20%, as the crisis tax will be abolished.
Belgian income tax bands
- Up to €15,200 – 25%
- €15,200–€26,830 – 40%
- €26,830–€46,440 – 45%
- €46,440 and above this amout +50%
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