Belgium has set the individual income tax brackets and rates for the 2022 tax year (2023 assessment year). The standard brackets and rates are as follows:
- up to EUR - 13,870 - 25%
- over EUR 13,870 up to 24,480 - 40%
- over 24,480 up to 42,370 - 45%
- over EUR 42,370 - 50%
The brackets and rates used in calculating the effects of allowances are as follows:
- up to EUR 9,750 - 25%
- over EUR 9,750 up to 13,870 - 30%
- over EUR 13,870 up to 23,120 - 40%
- over EUR 23,120 up to 42,370 - 45%
- over EUR 42,37…