Belgium: Overview of agreed tax measures for Flemish region
An agreement for a new government for the Flemish region includes a number of tax measures.
Share
October 2, 2024
The agreement for the new government for the Flemish region includes the following tax measures:
- Inheritance tax: From 2026, rates will be reduced primarily for small- and medium-sized inheritances. Unlawful loopholes will be closed, and non-registered gifts will be subject to inheritance tax if the donor deceases within five years (previously three years).
- Registration tax: As of January 1, 2025, the rate for the purchase of the sole and primary residence will be reduced from 3% to 2%, and the rate for purchases by professional sellers will be increased from 4% to 6%.
- Property tax: The favorable regimes for those achieving a certain energy-level during renovations and for real estate heritage will be abolished.
- Vehicle tax and registration tax: The exemption for zero-emission vehicles will be repealed for new registrations.
- Kilometer charge for trucks: The kilometer charge will be optimized.
- Tax on games and bets: The rate structure will be harmonized, and the tax will be increased, if agreed upon by the other regions.
- Miscellaneous: Water levies will be reformed based on consumption and the “polluter pays” principle. The vacancy and dilapidation tax will be reformed and simplified.
Read an October 2024 report prepared by the KPMG member firm in Belgium