What are the Belgian personal income tax brackets for 2024?

25% on income up to 15,200 EUR; 40% from 15,200 to 26,830 EUR; 45% from 26,830 to 46,440 EUR; 50% above 46,440 EUR. One of the highest marginal rates in the EU.

What is the communal (municipal) surcharge in Belgium?

Communes add a surcharge of 0-9% on the state tax. Average around 7%. Municipalities in large cities tend toward the higher end. Adds roughly 3-4 percentage points to effective rates.

What professional expenses can be deducted?

Standard flat deduction: 30% of professional income up to 5,750 EUR. Alternatively, claim actual expenses. Employees can claim commuting, work equipment, professional literature, and clothing costs.

How is Belgian investment income taxed?

Dividends: 30% withholding tax (roerende voorheffing). Interest: 30% withholding tax. Capital gains on shares: generally exempt for private investors. Real estate income: taxed progressively in Box 1.

What is the Belgian tax reform being planned?

The Belgian government has been working on a major tax reform to shift from labor income to capital income taxation, reduce marginal rates, and simplify the system. Implementation timeline remains uncertain.

Belgium Personenbelasting (Personal Income Tax) Calculator 2024

Calculate Belgian income tax (personenbelasting/impot des personnes physiques). Federal brackets: 25% to 15,200 EUR, 40% to 26,830 EUR, 45% to 46,440 EUR, 50% above. Plus regional, municipal, and professional expenses.

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