Belgium's Ministry of Finance has published the individual income tax brackets and rates for 2017. Although the tax rates for each bracket remain the same, each bracket is increased as follows:
- up to EUR 11,070 - 25%
- over EUR 11,070 up to 12,720 - 30%
- over EUR 12,720 up to 21,190 - 40%
- over EUR 21,190 up to 38,830 - 45%
- over EUR 38,830 - 50%
In addition to the bracket threshold increases, the various allowances that apply in determining tax payable are generally increased for 2017 as well.…