By when must you submit your return?
Paper returns must be submitted by no later than 22 November 2019. Those preferring to submit their tax return electronically have until 5 December 2019. The same submission dates apply to those using the services of a proxy for the submission of their return.
Non-residents who have received a Belgian-source income for the first time, must first register online with the FPS Finance. You will only receive a paper declaration form following registration. If you benefit from the special tax regime for foreign executives, then registration is not required. In this case, the declaration form is sent automatically.
If you are a non-resident and have not received a declaration form by mid-October, then it is advisable to contact the FPS Finance. The tax authorities can impose a fine and/or a tax increase if you fail to submit your tax return or submit it after the deadline.
What are the key changes?
As of this year, non-residents must additionally specify in their tax return whether they were holders of more than one Belgian securities account during the 2018 income year. This reporting obligation falls under the new tax on securities accounts measure that came into effect on 10 March 2018. Non-residents that hold one or more securities accounts in Belgium, for which the share in the average taxable value amounts to a minimum of 500,000 Euros, are subject to this 0.15 percent tax.
The 2019 tax year additionally incorporates the new tax exemption for dividends of up to 640 Euros. As a result of this measure, you may deduct the withholding tax on this first tranche of received dividends via your tax return, ultimately delivering a potential tax benefit of up to 192 Euros per taxpayer.
If you have any questions regarding your tax return, please do not hesitate to contact one of our specialists via email@example.com!
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.