What are the principles of personal income taxation?
An international employee taking up employment in Belgium will generally become liable for income tax under Belgian law. Other taxes that may apply are property tax and gift and succession duty. In Belgium there is no wealth tax, as such. Capital gains taxes are only levied on private individuals in certain circumstances such as transactions which go beyond the normal management of a private estate, certain sales of property and sales to a company resident outside the European Economic Area of substantial holdings in a Belgian company. Belgian residents are subject to personal income tax on their total income from all sources. Taxation on a sliding scale is applied to successive portions of net taxable income. Rates in 2008 vary between 25% and 50%. Residents also pay additional municipal taxes at rates that vary between 0% and 9,5% of the total income tax payable. Non-residents are subject to personal income tax on Belgian source income only, notably on Belgian source professional inc
