Belgium's Ministry of Finance has published the individual income tax brackets and rates for 2016. Although the tax rates for each bracket remain the same, each bracket is increased as follows:
- up to EUR 10,860 - 25%
- over EUR 10,860 up to 12,470 - 30%
- over EUR 12,470 up to 20,780 - 40%
- over EUR 20,780 up to 38,080 - 45%
- over EUR 38,080 - 50%
In addition to the bracket threshold increases, the various personal allowances that apply in determining tax payable are generally increased for 201…