|International Tax Rules||25||66.21|
Belgium ranks 27th overall on the 2019 International Tax Competitiveness Index, five spots worse than in 2018.
- 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.
- 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.