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15Dec

New wage withholding tax scales as from 1 January 2005

 

Context

As you probably know, Belgian tax on taxable pay is mainly remitted to the tax authorities by the employer as wage withholding tax. On 30 June of the second year following the income year at the latest (e.g. 30 June 2007 for income of 2005) the taxpayer will finally have a tax due or a tax refund depending on the previously withheld tax.

News

A new Royal Decree adapting the wage withholding tax section of the Royal Decree implementing the Income Tax Code has been published today in the Official Gazette (*).

The new wage withholding tax scales are applicable to income paid or granted as from 1 January 2005.

In order to easily compute the wage withholding taxes, the tax authorities have also released their “Key formula for the computation of the wage withholding taxes on remuneration and pension”. It can be found on their web site:
FR: http://news.hrservices.be?lk200412152
NL: http://news.hrservices.be?lk200412153

(*) http://news.hrservices.be?lk200412151

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Posted: December 15th, 2004