Belgium

Belgium's Rankings
CategoryRankScore
Overall Rank2757.25
Corporate Taxes2552.63
Individual Taxes1177.29
Consumption Taxes2661.54
Property Taxes2751.09
International Tax Rules2566.21

Belgium ranks 27th overall on the 2019 International Tax Competitiveness Index, five spots worse than in 2018.


Strengths

  • Belgium has a broad tax treaty network, with 95 countries, and a territorial tax system as it fully exempts foreign-sourced dividends and capital gains without any country limitations.
  • Capital gains resulting from normal management of private wealth are exempt from tax.
  • Belgium allows for Last-In-First-Out treatment of the cost of inventory and for businesses to write off a larger share of their investments than most other OECD countries.

Weaknesses

  • The corporate rate of 29.6 percent is above average among OECD countries (23.6 percent).
  • Belgium levies estate, net wealth, and financial transaction taxes.
  • The Belgian tax wedge on labor is the highest among the OECD countries, with the average single worker facing a tax burden of 52.7 percent.

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