As a Belgian national resident, you are obliged to report your worldwide income annually in your personal income tax return. The tax season has started…
Submitting your annual tax return (income 2021) is possible since end April 2022.
At that moment in time, the Minister of Finance held his annual press conference regarding this personal income tax return. A number of topics were discussed that may be important for you. The different deadlines for submitting your personal income tax return were also mentioned.
Below we have highlighted the most important topics.
Tax return deadlines
You must submit your Belgian resident income tax return no later than:
- June 30, 2022
- if you submit your own tax return on paper
- if you amend your proposed simplified return on paper
- if you ask for assistance from a public servant of the Belgian tax authorities submitting in your tax return.
- July 15, 2022
- if you submit your own tax return via Tax-on-web
- if you ask for help from a tax consultant in amending your proposed simplified return
- September 30, 2022
- if your tax consultant files your tax return electronically, via Tax-on-web
Proposed simplified return
This month about 3.800.000 proposed simplified returns will be sent. In such proposed simplified return, you will find a simulation of your Belgian tax liability, based on the data that the Belgian tax authorities have in their files.
If you receive a proposed simplified return and you agree to it, you no further action is required, and your personal income tax return is final.
ATTENTION: you do need to carefully check your proposed simplified return. About 30% of the proposals of simplified tax returns are incorrect, mostly in your disadvantage! Mistakes often concern omissions of claiming tax reductions such as mortgage loans, gifts, dividends, child care etc.
If the information in your proposed simplified return is incorrect/incomplete, you need to correct/complete it. You can do this yourself until June 30, 2022, or you can ask a professional to amend the proposed simplified return. As a recognized tax consultant, we may amend your proposed simplified return until July 15, 2022. Of course, a tax claim may also be filed later on.
New tax rules
You are among the lucky ones if you:
- had child care expenses. The maximum deductible amount has been increased to EUR 14/day;
- are a formal ‘caregiver’, caring for a person in need of care aged 65 years or older. You will receive a supplement to your tax-free amount up to EUR 4.940;
- are a private person having installed an intelligent charging station for electric cars at your home as of September 1, 2021. You can receive a tax credit for the expenses you paid.
- are a business owner having invested in new, publicly accessible and intelligent charging stations for electric vehicles as of September 1, 2021. You can receive a new increased cost deduction for the investment;
- are a Belgian athlete, having received allowances for your performance at the Olympic and Paralympic Games, European and World Championships or other continental championships. The first segment of EUR 50.040 (gross) of your received allowances is taxed at 16,50%;
- invested in a small medium-sized enterprise located in the Flanders Region. You can receive a tax credit (this is an amount that is deducted from your taxable income) of 2,5% of the invested amount under certain conditions.
You own real estate abroad
In addition to registering your foreign property with the Belgian tax authorities, you must also report this property in your Belgian personal income tax return. Based on your former registration of your property abroad, you will receive a Belgian notional rental value (‘cadastral income’). You must report this Belgian notional rental value in your personal income tax return.
ATTENTION: The Belgian tax authorities are focusing this year on Belgian residents owning real estate abroad. Tax audits may be expected in this respect.
For more information on registering and reporting your foreign real estate to the Belgian tax authorities, we refer to our blog ‘Real estate abroad’.
Starting this year – unlike previous years, it is possible to submit a tax return separately through Tax-on-web if you ‘de facto’ divorced in 2021.
Normally, when your situation changed from a ‘married’ to a ‘de facto divorced’ person in 2021, you need to submit a joint Belgian tax return. Since it is not always easy to manage this in practice, it was possible – provided a specific request was made – to submit a separate tax return on paper.
As of this year, submitting a separate tax return is also possible via Tax-on-web.
How can Mint Consult help?
As Belgian tax consultants, Mint Consult assists Belgian tax residents with their tax obligations and reporting formalities, such as:
- submitting personal income tax returns
- submitting non-resident tax returns
- calculating your tax liability;
- improve/complete a proposed simplified return;
- reporting a real estate abroad;
- advising on and structuring of international tax situations;
Additional questions? Feel free to contact us.