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News 14th of March 2022 By Sophie Degroote

Want to avoid a tax increase? Pay in advance!

Want to avoid a tax increase? Pay in advance!

Advance payments for companies

Tax increase rate

  • +Income gained or received in 2022 or by companies that use the calendar year as their financial year 
  • +Income from a financial year that ended before 31 December 2023, for companies that use a different accounting period than the calendar year

Small enterprises

  • +Annual average of 50 employees 
  • +Annual turnover of EUR 9 million, excluding value-added tax 
  • +Balance sheet total: EUR 4.5 million

When to make advance payments? 

  • +Amount of 1st prepayment x 9.00% 
  • +Amount of 2nd prepayment x 7.50% 
  • +Amount of 3rd prepayment x 6.00% 
  • +Amount of 4th prepayment x 4.50% 

Advance payments for the self-employed 

Charles expects to owe EUR 20,000 in taxes for earnings from self-employment in the 2022 tax year (2023 assessment year). If he does not make any advance payments, his expected tax increase will be: EUR 20,000 x 106% x 2.25% x 90% = EUR 429.30. 

When to make advance payments?

  • +Amount of 1st prepayment x 3%
  • +Amount of 2nd prepayment x 2.50%
  • +Amount of 3rd prepayment x 2%
  • +Amount of 4th prepayment x 1.50% 

No advance payment required for self-employed start-ups

  • +Amount of 1st prepayment x 1.50%
  • +Amount of 2nd prepayment x 1.25%
  • +Amount of 3rd prepayment x 1.0%
  • +Amount of 4th prepayment x 0.75% 
Do you have any questions?
Should you have any questions regarding this subject, please do not hesitate to contact one of our specialists.
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Disclaimer
We base our advice on current legislation, interpretations and legal doctrine. This does not prevent the administration from being able to challenge it or to change existing interpretations.
Sophie Degroote