Last modified: 04/02/2025 08:17

Corporate taxation

	Rate
Corporate income tax rate	25% (20%)1
Branch tax rate	N/a2
Capital gains tax rate	25%3

¹ The standard Belgium corporate income tax rate is 25%. A small or medium-sized company is subject to 20% corporate income tax on the EUR 100.000 fraction of the taxable basis if conditions are satisfied.

² There is no separate branch profits (remittance) tax in Belgium.

³ Capital gains are normally treated as ordinary business income and are taxable at the normal corporate income tax rates, be it that tax exemptions and roll-over tax relief are available if certain conditions are met.

Residence: A company is resident in Belgium if its registered office or center of management is situated in Belgium. The place of incorporation is irrelevant.

Basis: A resident company is liable for Belgium corporate income tax on its worldwide profits (with Belgium tax relief for eligible foreign-source profit). A company with tax residence outside Belgium which has a legal branch or permanent establishment in Belgium is subject to the same Belgium corporate income tax rate of 25% (or the reduced 20% tax rate if conditions are met), be it on Belgium-source income only.

Taxable income: A resident company is liable for Belgium corporate income tax on its worldwide profits (with Belgium tax relief for eligible foreign-source profit). The taxable income of a Belgium company or Belgium permanent establishment is based on its BE GAAP accounting profit as laid down in its annual accounts. This accounting profit is then adjusted for Belgium corporate tax purposes.

Significant local taxes on income: Other than some minor and very specific local taxes that may apply to e.g. land, buildings, advertising, office furniture, producing copies, etc., there are no significant and general local taxes in Belgium.

Alternative minimum tax: If a company or a permanent establishment has a taxable basis exceeding EUR 1 million, a maximum of 70% of the part of the taxable basis exceeding EUR 1 million can be offset against tax assets carried-forward, if any, whereas 30% is in principle effectively subject to corporate income tax. In addition, Belgian tax legislation also includes a minimum taxable basis if the taxable profit comprises certain items which cannot be offset against tax assets like tax losses carried-forward. E.g.: in case a Belgium company or permanent establishment receives an abnormal or benevolent advantage, such advantage is part of the minimum taxable basis and cannot be offset against tax assets like tax losses carried-forward. For completeness’ sake, as of the tax year 2019 an effective cash impact has been introduced for tax audit adjustments that gave rise to an effective tax increase of minimum 10%. Specifically, tax assets – other than the current-year dividend participation exemption – can no longer be offset against the corporate income tax due on the part of the taxable basis that has been added following a tax audit resulting in a minimum 10% tax increase.

Pursuant to the law of 19/12/2023 introducing a minimum level of taxation for multinational enterprises and large-scale domestic groups, Belgium has converted Pillar 2 and the Pillar 2 EU Directive into Belgium tax law in order to ensure a global minimum (i.e. 15%) level of taxation for EU based multinational enterprise groups and large-scale domestic groups. The new legislation entered into force as of financial years starting from 31/12/2023 (with that shade of meaning that the so-called UTPR levy only applies to financial years as of 31/12/2024 in Belgium). Belgium also introduced a Pillar 2 notification requirement for multinational enterprises and large-scale domestic groups in order to obtain a specific Belgian enterprise number. Such number should facilitate the communication with the Belgian tax authorities and give taxpayers in scope of Pillar 2 the occasion to make advance tax payments in view of the Pillar 2 taxation in Belgium. The tax authorities have published a draft return in view of the Qualified Domestic Minimum Top-Up tax for discussion purposes (first filing deadline is 30/11/2025 for financial years per calendar year).

Taxation of dividends: According to Belgian domestic tax law, in principle 30% withholding tax is due on dividend income that is attributed or made payable by the company. However, Belgium domestic tax law comprises numerous withholding tax exemptions, especially for corporations, banks and non-residents. Also, pursuant to tax treaty rules there may be Belgium dividend withholding tax mitigation and relief.

Capital gains: Capital gains are treated as ordinary business income and are therefore taxable at normal corporate income tax rates. However, there are a few exceptions:

• Revaluation gains are tax-free provided that they remain recorded on a specific “intangible account” of the company’s balance-sheet;
• Under certain conditions roll-over tax relief is granted for eligible realized gains on business assets;
• Realized capital gains on shares are tax-free if the underlying dividends qualify for the Belgium dividend participation exemption.

Losses: Tax losses can be carried-forward indefinitely, i.e. without limitation in terms of time and amount. A carry-back of tax losses is not allowed. Tax losses may forfeit in the event of a purely tax-driven change of control at the level of the Belgium company with tax losses.

Furthermore, when a Belgium company with tax losses is part of a tax-free business restructuring (like e.g. a merger), the tax losses carried-forward may only survive the tax-free reorganization on a pro rata basis. Furthermore, if a company or a permanent establishment has a taxable basis exceeding EUR 1 million, a maximum of 70% of the part of the taxable basis exceeding EUR 1 million can be offset against tax losses carried-forward, whereas 30% is effectively subject to corporate income tax.

Foreign tax relief: The following Belgium foreign tax relief rules apply:

• Income derived from tax treaty sources (a permanent establishment or real estate based in a tax treaty country) is completely tax-free for Belgium corporate income tax purposes;
• Definitive tax losses of permanent establishments situated outside Belgium, but within the EEA, are deductible from Belgium source profits (be it that a future claw-back rule may apply);
• Foreign-source dividend income can be eligible for the Belgium dividend participation exemption;
• Foreign-source interest and royalty income can be eligible for a Belgium foreign tax credit if that income was subject to foreign withholding tax or if a tax sparing clause laid down in a tax treaty concluded with Belgium applies.

Participation exemption: A corporate shareholder can apply a 100% Belgium dividend participation exemption for a shareholding of at least 10% or with an investment value of at least EUR 2.5 million in the distributing company. Also, the Belgium shareholder needs to hold this minimum shareholding for an uninterrupted period of at least one year, before or after the dividend distribution date. In addition and in summary: the dividend distributing subsidiary should be subject to normal taxation. Subsidiaries based in the EU are deemed to anyhow meet this subject-to-tax test. Note that the participation exemption cannot be applied if the dividend distributing company can deduct the distributed dividend amount from its taxable basis and if the overall business structure is “artificial”, i.e. lacks relevant substance. If the taxpayer at hand has insufficient tax capacity in a given financial year to fully utilize the participation exemption, the excess can in principle be carried-forward without limitation in terms of time and amount.

Holding-company regime: No specific holding company regime is available.

Tax-based incentives: Tax incentives are available for R&D activities, e.g. innovation income deduction, investment deduction, payroll withholding tax relief, grants, etc. The innovation income deduction regime constitutes a tax deduction for certain qualifying intellectual property (“IP”) income. The deduction rate is 85% of the net qualifying IP income and can apply to the following IP rights:

• patents and supplementary protection certificates;
• computer programs (including upgraded software) protected by copyright;
• plant breeders rights;
• governmental data or market exclusivity regarding pesticides, medicines for humans and animals; and
• orphan drugs registered with the European Medicines Agency.

Under the implementation of Pillar 2 in Belgium, the innovation income deduction can be converted into a non-refundable tax credit which can be carried-forward to subsequent years. Thanks to the R&D investment deduction the company benefits from an extra tax deduction on top of the tax-deductible depreciation of the R&D investment.

Thanks to the R&D tax credit, the company can request a cash payment from the tax authorities equal to the corporate income tax benefit (currently 25%) of the R&D investment deduction, albeit after a 4-year waiting period. Thanks to the partial (max. 80%) exemption of withholding tax for qualifying employees, the employer has extra cash flow that he can spend on R&D. This measure has no negative impact on the personal income tax to be paid by the R&D employees themselves. A new tax law has been introduced covering amongst others a reform regarding the investment deduction regime for investments made as of 1/1/2025. This further encourages sustainable energy transition and provide additional tax benefits to companies making such investments.

Group relief/fiscal unity: As of 2019, Belgium tax law is featured by group relief for corporate tax purposes. Briefly summarized: this tax consolidation provides the possibility (i.e. this is merely optional) to transfer the current-year tax losses of a Belgium company or permanent establishment fully or partially to another Belgium Group member of the tax consolidation if conditions are satisfied. All Belgium companies being part of a tax consolidation group, need to keep on filing their own Belgium corporate tax return.

Small company/alternative tax regimes: Small and medium-sized companies are eligible for specific tax benefits in case certain conditions are satisfied.

Corporate taxation: compliance

Tax year: The tax year is the calendar year subsequent to the financial year, e.g. the company’s financial year ending on 31/12/2025 corresponds with the tax year 2026. In case the financial year does not end on 31/12/2025, the tax year is the calendar year in which the company’s financial year ends. E.g. the financial year ending on 31/3/2025 corresponds with the tax year 2025. Hence, the standard statutory period of limitation is extended so that the Belgian tax authorities have at least 3 years to tax/audit the company.

Consolidated returns: Not applicable for corporate tax purposes. In case a group of Belgium companies can apply the fiscal unity for corporate tax purposes, each Belgium company still has to file its own corporate tax return. In view of the Pillar 2 legislation, it should be possible that one Belgian affiliate files the QDMTT return on behalf of all Belgian group affiliates.

Filing and payment: As a general rule, the corporate tax return must be filed at the latest on the last day of the 7th month following the end of the financial year. E.g.: assuming that the financial year has been closed on 31/12/2025, the corporate tax return needs to be filed, in principle, by 31 July 2026 at the latest. However and in practice the due date is postponed via a general (or individual) delay until September/October. Companies and permanent establishments can also envisage to make advance tax payments during the financial year in order to avoid a tax increase upon the tax assessment notice. The corporate tax due should be wired on the bank account of the Belgium tax authorities within 2 months as of the date mentioned on the tax assessment notice.

Penalties: Belgium tax legislation includes various penalties (fines as well as tax increases) in case of non-compliance with corporate tax formalities.

Rulings: Belgium has a very active upfront tax ruling practice. No-name pre-filing meetings with the Belgium tax ruling commission are common practice. No administrative fees are invoiced by the tax ruling commission.

Taxation of individuals

Taxable income (EUR)1		Tax rate (%)	Personal tax on bracket (EUR)	Cumulative personal tax (EUR)
Over	Under
0	16.320	25	4.080	4.080
16.320	28.800	40	4.992	9.072
28.800	49.840	45	9.468	18.540
49.840	And above	50

1. The tax brackets for the calendar year 2025 are applicable to the net taxable income after deduction of social security charges and professional expenses.

Residence: According to the Belgium domestic tax law, “tax residents” of Belgium are those persons who have established their residence or the seat of their wealth in Belgium. Under Belgian domestic tax law, the determination of the place of residence comes down to an in-depth factual analysis and is generally defined as the place where an individual has his/her permanent home and his/her center of personal interests, i.e. generally where his/her family lives and where that person’s most significant and relevant assets are located. Tax residence in more than one country should be solved via the tie breaker rules of the relevant double tax treaties.

Basis: An individual resident in Belgium is liable for progressive personal income tax rates that apply to worldwide income. Qualifying foreign-source income can be eligible for a Belgium personal tax exemption with progression reserve if conditions are met.

Taxable income: An individual resident in Belgium is liable for progressive personal income tax rates that apply to worldwide income. Qualifying foreign-source income can be eligible for a Belgium personal tax exemption with progression reserve if conditions are met.

Capital gains: If the net realized capital gains on shares appear to be “speculative”, the latter gain is taxable at a flat rate of 33% + communal taxes. Whether a capital gain on shares realized by a private individual is “speculative” and therefore taxable, is a subjective and factual matter. As long as the investment qualifies within the scope of “normal management of private assets” and the investor acts as a “good housefather “, no capital gains tax on the net realized capital gains on shares should arise based on the current Belgian tax law. Please be informed that based on the current federal government negotiations a general capital gains tax on shares may be introduced going forward, be it that certain exemptions may apply.

Deductions and allowances: A resident who is subject to personal income tax is entitled to a tax-free allowance. This means that a portion of the taxable income is not taxed. The basic tax-free allowance is EUR 10.910 for the calendar year 2025. The basic tax-free allowance can be increased depending on the personal situation (e.g. if a resident has any dependent children). The amount of tax you pay is also reduced if you have: • Certain types of income (e.g. foreign income, pensions and substitute income, etc.) • Certain expenses (e.g. childcare, pension savings, etc.)

Foreign tax relief: Qualifying foreign-source income can be eligible for a Belgium personal income tax exemption with progression reserve if conditions are met.

Taxation of individuals: compliance

Tax year: The tax year for personal income tax purposes runs from 1 January to 31 December. E.g.: the personal income tax return for income year 2025 must be filed during the year 2026, i.e. the tax year. Special rules apply relating to the tax year and filing formalities in case an individual arrives or leaves Belgium during the calendar year.

Filing and payment: A tax return will be sent during the tax year by the Belgium tax authorities to the taxpayer. A tax assessment note will be sent by the Belgium tax authorities within 6 months following the tax year. Any tax due must be paid to the Belgium tax authorities within two months as of the date mentioned on the tax assessment notice.

Penalties: Belgium tax legislation includes various penalties (fines as well as tax increases) in case of non-compliance with personal income tax formalities.

Rulings: Belgium has a very active upfront tax ruling practice. No-name pre-filing meetings with the Belgium tax ruling commission are common practice. No administrative fees are invoiced by the tax ruling commission.

Withholding taxes

Type of Payment	Rate		Non-residents
(%)	Company (*)	Individual (*)	Company (*)	Individual (*)
Dividends	0 up to 30	5 up to 30	0 up to 30	5 up to 30
Interest	0 up to 30	0 up to 30	0 up to 30	0 up to 30
Royalties	0 up to 30	15 up to 30	0 up to 30	0 up to 30
Capital gains	No capital gains withholding tax		No capital gains withholding tax

(*) A standard Belgium withholding tax rate of 30% applies on dividends, interest and royalties. However, Belgium domestic tax law provides for various withholding tax reductions or exemptions based on e.g. the EU Parent-Subsidiary Directive, the EU Interest & Royalty Directive, etc. In addition, Belgium tax law also foresee in lower withholding tax rates for individuals who e.g. invest in small or medium-sized companies, receive a remuneration for the transfer of author’s rights protected work, etc.

With respect to payments made to non-resident companies or individuals, Belgium withholding tax exemptions and/or reductions should also be considered in the Double Tax Treaties concluded between Belgium and the country of residency of the beneficiary.

Branch remittance tax: Not applicable.

Anti-avoidance legislation

Transfer pricing: All transactions with group companies must be conducted on an arm’s length basis. This means that intercompany prices must be set as if the parties involved were genuine independent third party companies, taking into account the normal market prices for similar transactions in identical or similar circumstances. The Belgian tax administration published a circular on transfer pricing on 25 February 2020. The Circular broadly follows the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (‘OECD Transfer Pricing Guidelines’), and includes (on some paragraphs of the OECD Guidelines in the Circular) specific positions of the Belgian tax administration. The Circular also provides for specific guidance on financial transactions.

Local file form and Master file form

As of 1 January 2016, Belgian group companies are required to comply with certain transfer pricing documentation requirements in case they exceed at least one of the following financial thresholds in the year preceding the reporting accounting year:

• Combined operating and financial income of EUR 50 million (excluding non-recurring income);
• Balance sheet total of EUR 1 billion; or
• Annual average number of employees of 100 full-time equivalents.

These companies are obligated to prepare transfer pricing documentation in the form of:

A local file form (due together with the tax return due date), which requires entity specific information such as a description of the local organizational structure, reporting lines, activities performed, the volumes of intra-group transactions, applied transfer pricing methods, etc. The local file form also allows for transfer pricing documentation (such as benchmarking analyses, intercompany agreements) to be appended; As of accounting years starting on or after 1 January 2025, following amendments apply to the local file form:

• cross-border transactions need to be reported separately per country,
• Available transfer pricing studies and framework agreements or model contracts need to be submitted together with the form.
• A master file form (due within 12 months after the financial-year-end), which has similar content requirements as put forward by the OECD Transfer Pricing Guidelines. As of accounting years starting on or after 1 January 2025, following amendments apply to the master file form:
• A detailed description of the analytical framework regarding the group’s value chain should be provided
• “DEMPE” functions linked to intangible assets should be clearly documented
• Transfer pricing policies for financial transactions should be described in detail As a result, Belgian master file documentation rules go beyond the requirements prescribed by the OECD Transfer Pricing Guidelines.

Country-by-Country reporting requirements In addition to the local file form and master file form, a country-by-country report must be filed by the Belgian ultimate parent entity of a multinational group with consolidated gross turnover exceeding EUR 750 million during the accounting year immediately preceding the reporting accounting year. Each Belgian entity of a qualifying multinational group must file a country-by-country notification, which notifies the Belgian tax authorities on which entity (ultimate parent or surrogate) is filing the country-by-country report. As of accounting years starting on or after 1 January 2025, the country-by-country notification form will also have to indicate whether it is a first notification, an amendment of a previous notification, or a termination of the notification requirement.

Interest restriction: At arm’s length interest expenses are fully tax-deductible. However, Belgium tax law provides for three specific thin capitalization rules:

• A 1:1 debt-equity ratio applies to loans granted by individual directors and shareholders to the company;
• A 5:1 debt-equity ratio applies to loans granted by related companies prior to 17 June 2016 and by lenders based in a tax haven;
• As of 2019, a 30% fiscal EBITDA thin capitalization rule applies if the net interest expense exceeds EUR 3 million per annum whilst various exceptions apply. In case the company is related with other Belgium based group affiliates, the thresholds need to be considered on a consolidated basis.

Controlled foreign companies: Belgium tax law comprises controlled foreign company (“CFC”) legislation as of 2019. CFC legislation only applies if the overall business set-up is deemed to be artificial, i.e. lacks genuine local substance and is not at arm’s length. However, as of the tax year 2024, the CFC legislation has been amended based on the entity approach, now focusing on the taxation of so-called passive income subject to low taxation abroad, unless the taxpayer can prove that sufficient substance is available locally.

Hybrid mismatches: Definitions of hybrid mismatch, hybrid entity and hybrid transfer are converted in Belgian tax law.

Disclosure requirements: In the light of the increased attention to address tax evasion on an international level, the EU introduced DAC 6 in relation to cross-border tax arrangements which came into force in Belgium since 25 June 2018. Belgium has also converted the EU Directive “DAC 7” into the domestic tax legislation. In addition, Belgium domestic tax law also provides for UBO legislation in which amongst others Belgium companies have to report the UBO with the tax authorities. Belgium companies and permanent establishments also need to file a local file, master file or Country-by-Country report / notification in case certain thresholds are met.

Exit taxes: Belgium tax legislation provides in an exit tax regime for companies.

General anti-avoidance rule: Belgium tax legislation provides in a general anti-avoidance rule.

Digital services tax and Other significant anti-avoidance legislation: Belgium tax legislation does not yet comprise a digital services tax. To combat and deceive tax evasion and tax avoidance, Belgium introduced the so-called Cayman Tax in 2015. If the Cayman tax applies, the Belgium tax authorities can look through certain offshore structures in order to directly tax the founders and 3rd party beneficiaries on income received by such constructions for Belgium personal income tax purposes. As of 1 January 2010, Belgium tax resident companies and permanent establishments are obliged to report every (in)direct payment of at least EUR 100.000 per financial year to a beneficiary based in a “tax haven” in the Belgium corporate income tax return. The threshold of EUR 100.000 has to be taken into account per beneficiary and per country.

Value-added tax/Goods and services tax

Type of tax: VAT is applicable on the supply of most of goods and services, the importation of goods from outside the EU, and the acquisition of goods from another EU Member State. In case these transactions are deemed to take place in Belgium for VAT purposes, as a general rule 21% Belgian VAT will be due. However, many exceptions to this main rule exist. The VAT is in principle paid to the revenue authorities by the supplier, who is the ‘taxable person’, but it is actually paid by the client to the supplier together with the rest of the price. VAT is collected at each stage of the supply chain. A taxable person can deduct from the VAT they have collected the amount of VAT they have paid to other taxable persons on purchases for their business activities. This mechanism aims to ensure that VAT is neutral for the taxable person, regardless of how many transactions are involved. Ultimately, the VAT is borne by the final consumer.

Standard rate: 21%

Reduced rates: 0% – 6% – 12%

Registration: There is no general VAT registration threshold in Belgium. A business must register for VAT purposes in Belgium as soon as it performs taxable activities in Belgium that trigger a VAT registration requirement. Any natural or legal person exercising an economic activity in Belgium may have an obligation to register and account for VAT. As from 1 January 2025, Belgium however has implemented the EU scheme for small businesses. Businesses established in another EU Member State with an annual turnover in the EU not exceeding EUR 100.000 and an annual turnover in Belgium not exceeding EUR 25.000 do not need to VAT register in Belgium if certain conditions are met. Businesses that are established in Belgium are obliged to VAT register in Belgium when they start their economic activity, unless they only carry-out activities which are exempt from VAT on the basis of article 44 of the Belgian VAT Code and which do not create a right to input VAT deduction. Nevertheless, a Belgian VAT registration can still be required if, for example, the business acquires intra-EU services or goods for which they are liable to account for the VAT due. Businesses that are not established in Belgium are obliged to VAT register in Belgium if they perform one or more of the following types of transactions:

• Domestic supplies for which they are liable to pay the Belgian VAT due (unless they apply the EU scheme for small businesses).
• Intra-EU acquisitions of goods in Belgium.
• Intra-EU supplies of goods from Belgium.
• Imports of goods, followed by the supply of the same goods.
• Certain transactions in connection with a VAT warehouse.

Filing and payment: Businesses that are VAT registered in Belgium in principle need to file periodical VAT returns and an annual client listing. Depending on the type of transactions performed, possibly also intra-Community sales listings and Intrastat returns may need to be filed. As a general rule, the periodical VAT returns and listings need to be filed on a monthly basis. The VAT returns and intra-Community sales listings however only need to be filed on a quarterly basis if certain thresholds are not exceeded.

In case VAT returns are filed on a monthly basis, then the VAT return and intra-Community sales listing are due by the 20th day of the month following the month to which the return or listing relates. In case VAT returns are filed on a quarterly basis, then the VAT return and intra-Community sales listing are due by the 25th day of the month following the quarter to which the return or listing relates. Intrastat returns are always due by the 20th of the month following the month to which it relates. The payment deadline corresponds with the filing deadline of the VAT return. The annual client listing is due by 30th March of the following calendar year. Belgium, like all EU member states, has introduced a series of new VAT declaration and payment simplifications under a ‘One Stop Shop’ (OSS) for supplies of broadcasting, telecommunication and electronically supplied (‘BTE’) services, B2C services taxable where the consumer is located and distance sales of goods into and within the EU. The OSS is optional. If it is not applied, the normal VAT registration, declaration and payment rules will apply.

Social security contributions

The employee’s contribution of social security is 13,07% of the total gross compensation, with no cap. The employer’s contribution currently varies around 25% – 28%.

Self-employed

Self-employed individuals are in principle subject to social security contributions on a quarterly base.

Other taxes

Capital duty: Capital duties / registration duties are indirect taxes and are therefore applied on a transaction basis, in particular when a notary deed is required. The tax rate can be different in either the Brussels Region, Flemish Region or Walloon Region. Transactions that are subject to proportional registration duties include the transfer of legal title of real estate situated in Belgium. A registration duty applies to the price or market value of the real estate (except in restructuring scenarios in which case an exemption can apply). However, as of 1/1/2025 the registration duty applied to the price or market value of a family house in the Flemish Region has decreased from 3% to 2% if certain formalities are met in due time. In general, no Belgium registration duties are due when increasing the capital of a Belgium based company.

Immovable property taxes: Owners of real estate located in Belgium pay real estate taxes on the deemed rental value – this is a fictitious, but fairly low income – of their property. The applicable rate depends on the location and use of the property.

Transfer tax: Belgium does not have a transfer tax up till today.

Stamp duty: Stamp duties are due on transactions relating to public funds, irrespective of their origin, that are concluded or executed in Belgium (including when the order is given directly or indirectly to a foreign intermediary by a Belgian resident or a legal entity for the account of a seat or establishment thereof in Belgium), to the extent that a professional intermediary intervenes in these transactions. Exemptions for e.g. non-residents are available.

Net wealth/worth tax: A Belgian Annual Tax on Securities Accounts of 0,15% is applicable on securities accounts that reach or exceed EUR 1.000.000 during a reference period of 12 consecutive months.

Inheritance/gift taxes: Belgium inheritance tax is paid by heirs or legatees on the net amount received by each recipient from the estate of any deceased person who is considered to be a Belgium resident. The family house is no longer subject to inheritance tax when inherited by a direct-line heir, spouse, or cohabitant. Inheritance tax rules differ depending on the region where the deceased had his or her tax residency. In principle, a gift requires a Belgian notary intervention. As all notarial deeds have to be registered, Belgian gift taxes is due. However, some types of gifts are exempt from Belgium gift taxes. In addition, gift tax rates vary based on the region where the gift is registered. The inheritance tax legislation has recently been deeply reformed. As a result, significant changes in the regional inheritance taxes have been implemented and specific tax advice is highly recommended in this respect.

Other: Belgium has a very tax-attractive expatriate tax regime for foreign executives that are temporarily working in Belgium after being seconded to Belgium or being recruited outside Belgium.

Tax treaties

Belgium has a very extensive tax treaty network, a very active tax treaty policy and also participates to the OECD Multilateral Instrument.