Policy

Press Release

Simplified tax return for 4 out of 10 Belgians

On a proposal from the Minister of Finance Johan Van Overtveldt and the State Secretary in charge of Administrative Simplification Theo Francken, the simplified tax returns procedure will be extended. Three million taxpayers will soon be able to enjoy the benefits of the simplified tax returns.  A simplified tax return is a tax declaration in which the known tax data of taxpayers has been automatically filled out by the tax administration.  Citizens will be invited to verify their…
Press Release

Minting of Belgian coins awarded to the Koninklijke Nederlandse Munt’/Groupe Heylen

The open procedure as regards the minting of the Belgian coins and the distribution of rights of use as regards the coining of Euro coins for the Royal Belgian Mint has resulted in the definite award to the ‘Koninklijke Nederlandse Munt’, owned by the Heylen Group. The Minister of Finance, Mister Johan Van Overtveldt, says in this regard:“The decision to stop minting coins has been taken earlier and was a part of the agreement of the federal government. We have managed to…
Press Release

NEW IN 2018: Elimination of tax disadvantages for frontier workers

Households with dependants, in which the parents work and reside exclusively in Belgium, are granted an increased tax exempt quota number that is based on the number of dependants.  Until recently, if one of the parents was working in another country, it was possible that neither of the parents obtained such increase. The core of the problem is situated in the field of the tax reduction for dependent children.  In principle, such reduction will be granted to the parent…
Press Release

NEW IN 2018: Tax exemption for the compensation for nuisance granted to self-employed persons and SMEs

As a result of the sixth state reform, the Belgian regions have become competent for granting the so-called ‘compensation for nuisance’. This compensatory payment can be granted to self-employed persons and SMEs suffering from  nuisance further to works in the public domain.  On the basis of the law laying down certain tax provisions I, such regional payments which already existed in Flanders, will be exempted from taxation for self-employed persons as…
Press Release

Reaction to IMF report

Minister of Finance, Johan Van Overtveldt:“Following the positive analysis performed by the National Bank in the course of last week, this report is once again a highlight.    The IMF values the corporate income tax reform.   The Monetary Fund can clearly see a positive momentum, which is partly due to the extensive reforms that achieve their intended effects. Positive evolutions are reconfirmed: more growth, more purchasing power and budgetary improvement.  The…
Press Release

Reaction to the National Bank’s outlook

The Belgian National Bank has just published its new outlook. Minister of Finance, Johan Van Overtveldt: “This analysis is particularly encouraging. It is the ultimate proof that change initiatives are successful.  We can see that corporate investments and employment have grown strongly.  It is remarkable that economic growth implies a very high employment intensity. This is wholly clear the result of reforms such as the tax shift effort by the…
Press Release

ExxonMobil sets up pension fund in Belgium

On a proposal from the Minister of Finance Johan Van Overtveldt, new legislation entered into force at the end of last year, aimed at boosting Belgium’s attractiveness as a place of establishment towards pan-European pension funds.  The effects of this policy have already been felt, with ExxonMobil being the most recent company to have a pan-European pension fund established in Belgium.Payments made by pan-European pension funds established in Belgium to non-residents are exempted…
Press Release

Reinforcement and investment in the Belgian Special Tax Inspectorate

At the start of this cabinet term, it was decided that the staff resources would be reduced by 2% per year in each administration.  This number even amounted to 4% in the first year (2015).  From a cumulative viewpoint, this intervention implies a workforce reduction of more than 10%.  This measure was and still is required in order to slim down the civil service and with a view to increasing government efficiency.The Minister of Finance, in charge of Combating Tax Fraud, Johan…
Press Release

Tax relief for single working parents

On a proposal from the Minister of Finance Johan Van Overtveldt and State secretary for Combating Poverty Zuhal Demir, the Council of Ministers has adopted two proposals to reduce taxes for single working parents.Single parents with a taxable income of less than 18,000 euros will soon be able to benefit from extra support. In the future, these parents will benefit from a 65 % instead of 45 % tax relief for child care. This will apply to nurseries, after-school care services and camps, for…
Press Release

Government revenues higher than expected

The most recent figures related to tax revenue (i.e. until the end of October) develop favourably.  This applies to the total revenues, but the fact that all main categories perform better than expected is also positive. It is stated in the budgetary documents that the revenues of this year will increase by 5.8% (in ESA terms).  Based on the realizations and the outlook during these final months, growth is more likely to be around 6%.After ten months, direct taxation exhibits an…

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