Belgium has set the individual income tax brackets and rates for the 2021 tax year (2022 assessment year). The standard brackets and rates are as follows:
- up to EUR - 13,540 - 25%
- over EUR 13,540 up to 23,900 - 40%
- over 23,900 up to 41,360 - 45%
- over EUR 41,360 - 50%
The brackets and rates used in calculating the effects of allowances are as follows:
- up to EUR 9,520 - 25%
- over EUR 9,520 up to 13,540 - 30%
- over EUR 13,540 up to 22,570 - 40%
- over EUR 22,570 up to 41,360 - 45%
- over EUR 41,36…