Belgian Finance Minister Vincent Van Peteghem has announced plans for broad tax reforms. Some of the main reform measures include:
- Increasing the tax-exempt portion for personal income tax from EUR 9,270 to EUR 13,390, along with a reduction in current tax bracket rates and the introduction of a new top bracket:
- up to EUR 13,870 - 25%
- over EUR 13,870 up to 24,480 - 35%
- over EUR 24,480 up to 42,370 - 40%
- over EUR 42,370 up to 84,740 - 45%
- over EUR 84,740 - 50%
- Abolishing the special social…