September 12th, 2007 by lana
Luxembourg is situated between France, Belgium and Germany, it is an independent sovereign state, and is also known as the ‘Grand Duchy of Luxembourg’. It is the capital for European monetary policy with foreign residents making up over 30% of the population. There are no restrictions on foreign residents owning property in Luxembourg. The practise of putting “For Sale” boards outside property is not widely used, so the importance of your Estate Agent who knows the market and what property is for sale will obviously be a great advantage. ( for more info click here)
September 5th, 2007 by lana
Luxembourg is situated between Belgium, Germany and France and is also known as the “Grand Duchy of Luxembourg”, an independent sovereign state. Despite a small population it has become an important international financial centre and acts as the capital for European monetary policy with foreign residents representing over 30% of the population of Luxembourg. ( for more info click here)
September 5th, 2007 by lana
Corporate income tax
The standard corporate income tax rate (CIT) is 29.63% for 2006 (previously 30.38%), including municipal business tax in Luxembourg City, and is payable by Luxembourg-resident entities and non-residents in respect of Luxembourg sourced income derived through a Luxembourg permanent establishment.
CIT is generally reportable on a calendar year basis. However, Luxembourg tax authorities also accept tax returns prepared on an acounting year basis.
Regulated real estate ‘undertakings for collective investments’ (UCIs) are exempt from CIT in Luxembourg. However, they are subject to a fixed capital duty (EUR 1,250) and annual subscription tax.
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September 5th, 2007 by lana
Individuals residing in Belgium are taxed on their world-wide income. Taxable income consists of real estate income; salaries and wages or self-employment income and other income of all kinds. ( for more info click here)
September 5th, 2007 by lana
Tax rate for resident companies
Since the law of December 24th 2002, companies are taxed at a rate of 33.99% (33% basic corporate tax rate plus a 3% surcharge). ( for more info click here)
September 5th, 2007 by lana
Belgium has become more popular for foreign ownership recently due to the head quarters of the E.U being based at Brussels. This has resulted in rising property values, especially close to Brussels, although less expensive property can be found in the countryside.
Main languages are French, Flemish and German. ( for more info click here)
September 5th, 2007 by lana
Dedicated to reinforcing opportunities for local and international investors, Belgium significantly reduced its corporate tax rate in 2003, and now allows local companies, as well as local branches of non-Belgian companies, to deduct tax based on their equity as of 1 January 2006. ( for more info click here)
September 5th, 2007 by lana
Antwerp is the largest Belgium city with a population of 500,000.
Brussels is popular with government workers, to the East, being popular for young commuters and residents. East and West Brussels tend to have larger English speaking areas. ( for more info click here)
September 5th, 2007 by lana
You should give careful consideration to whether you’re better off buying or renting property in Belgium.
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September 3rd, 2007 by lana
From tax rates through to special expat status, here is Expatica’s updated guide to the Belgian taxation system. ( for more info click here)