This article explains the tax laws in Belgium, you have to know about taxation for a SPRL/BVBA which is the most common company type in Belgium.
Belgium does not imposes a tax on income made internationally differently than if it were attached to local operations. Theheadline estimated rate for income earned abroad, from our research, but seek professional advice, is 0%. Belgium doesn't have major incentives to transfer in foreign earned profits remitted back. Taxes are quite low in Belgium because the headline corp. tax rateis 33%. This ranks Belgium as 159th overall in terms of corp. taxation rate internationally. . .
The valued added tax rate in Belgium is 21.00%, which ranks Belgium as 159th overall with regards to VAT globally. In terms of other taxation, an employer will contribute 3,479.00% to the equivalent of a social security fund and an employee will contribute 13.07%. The overall complexity of the tax system is low. This is measured by average time to comply with a country's labor tax requirements is as it is 40hours. Contributing to this is the number of yearly labor tax payments, which is 2 in BE.
Thin capitalization restrictions are not in play. This refers to any sort of restrictions on given company with respect todebt-to-asset ratios. A dividend is payments of an earnings of the business, passed by by the board, to a particular class of shareholders.Dividends can be either cash payments, shares of stock, or other property. The capital gains taxation rate in BEis 0%. A capital gains tax is levied on the profits that a corporation or natural person realizes when he or she sells sells a capital asset for a price that is higher than the purchase price.
The interest witholding rate is estimated at 0Which means that the tax authorities expects companies to pay tax on at least 0 of payments abroad for interest payments. The dividends witholding rate is 0This should be interpreted usually that the relevant tax authorities expects relevant legal entities to automatically withhold 0 of payments offshore for on dividend payments. The royalties witholding rate 0 This means that the tax authorities expects to withold 0 of payments abroad on royalty payments.
There is no known tax on wealth in Belgium. There are inheritance taxes in Belgium placed on an estate. There are frequently implemented research and development tax relief in this country.
The above is not tax or legal advice for your particular facts and circumstance. Incorporations.io can to reference you to an expert in Belgium who can answer all your questions. Click incorporate now if you are in a hurry, or press the free consultation button above.
It takes approximately 20 hours to file and prepare documents for a Belgium Civil Law (Napoleanic Code).
The corporate tax is approximately 33% which is 159 in the world.
Owners of a company in Belgium are not allowed to carry back a loss and may be allowed to carry forward a loss for 100 years.
The vat rate in Belgium is 21% which ranks 153 in the world.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Belgium Civil Law (Napoleanic Code) is EUR 6,200.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Belgium, Belgian Chambers. Shareholders are disclosed in the Belgian Chambers.
Typically companies take 2 days to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Belgium is a good option and have given it a score of 75 as an IO score, using the Incorporations.IO proprietary formula.
We can help you form a company in Belgium. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in Belgium, which is required by law.
We can help you with your incorporations needs for an initial payment of just $1000.
Easy Step by Step Process:
The standard process typically takes between two (2) to three (3) weeks depending on when we receive all the required information from you. Once we receive your information, we will email you a complete set of documents for your review within 3 working days upon confirmation of payment. After executing the documents, you will need to mail them to us and we will formally submit your application for filing with the Registry. The Registry will then take about 3-8 working days to process the incorporation and produce certificates necessary for opening your bank account.
Applying for Your Bank Accounts:
Incorporations.IO maintains close working relationship within our extensive network of partner banks to help you apply for and receive banking services that are most appropriate to your specific situation. From the time of verification of incorporation it can take (1) one week to (2) two weeks to apply for and receive a bank account. We work primarily with banks that allow for remotely opened accounts to ensure you are ready to do business as soon as possible.
Applying for Payment Processing:
We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we have partners that can assist you and are happy to help you with introductions that can empower your business.
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We can get started for you whenever you are ready via a US$1000 initial payment via credit card. I get notified whenever a payment is made here and would send out the welcome letter and initial forms we would need within 12 hours. If you prefer, we can also process via a phone or Skype call.
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