Belgium Income Tax Rates for 2024

Belgium Income Tax Brackets

Belgium has a bracketed income tax system with five income tax brackets, ranging from a low of 25.00% for those earning under €7,900 to a high of 50.00% for those earning more then €34,330 a year.

How does the Belgium Income Tax compare to the rest of the world?

The maximum income tax rate in Belgium of 50.00% ranks Belgium as one of the ten highest taxed countries in the world. Countries with similar tax brackets include Netherlands with a maximum tax bracket of 52.00%. Keep in mind that our ranking measures only nationwide income taxes, and does not account for local income taxes at state, province, or municipal levels.

Maximum Income Tax	Income Tax Allowance	World Tax Rank
50.00%	€6,430 ($0 USD)	2nd of 34

What is the Belgium Income Tax?

Belgium's personal income tax is a bracketed income tax that must be paid yearly by all citizens to the government of Belgium. Failure to pay, or underpayment of, the Belgium income tax can result in high fees, fines, or jail time.

In addition to Belgium's income tax, other taxes may apply to wages or profits earned, including social services, medical care, and capital gains taxes.

Belgium Income Tax Allowance

Belgium provides most taxpayers with an income tax allowance of €6,430, which can be kept as a tax-free personal allowance. Belgium's tax credit is a basic (fixed) allowance available to all (single) taxpayers without dependents.

A tax credit is a fixed amount of money that may be kept by taxpayers without paying any income taxes. Generally, a tax credit is subtracted from your gross income before your taxable income is calculated.