3 ms·
It's only high for regular income. Belgium does not have a capital gains tax. If you start a company, it does well, and you sell it, you pay zero taxes. Simila
by tverbeure 4y ago
It's only high for regular income. Belgium does not have a capital gains tax. If you start a company, it does well, and you sell it, you pay zero taxes.
Similarly, when you receive stock options after joining a company, you get taxed immediately, but you don't pay taxes when you exercise them. That's really backwards when you join an established company (because you'll pay taxes on something that might actually be worth nothing), but it's fantastic when you receive stock options in an early stage startup, with options that are worth pennies.
- NicoJuicy 4y ago> It's only high for regular income That's almost everyone? :P --- Ethical hackers aren't companies that will sell their company here. I don't know any company who gives stock options here, it's not a thing. Dividends gets taxed at 30%. If you get a bonus from work for delivering, taxes are normally so high that the bonus looks low. What you're saying is basically: it's great when you're rich.
- tverbeure 4y agoFYI: dividends in the US count as regular income. For higher incomes, they get taxed significantly higher than 30%… I thought it was pretty obvious from my comment that the Belgian tax system is very favorable for businesses and their owners…
- NicoJuicy 4y agoFor businesses and selling yes. This has a very high risk of your associate your business with your private life in case of bankruptcy ( to pay less taxes). Additionally, i know an owner that put his wife as boss instead of him for tax reasons. So tax optimalisation is very very complex here, another disadvantage.
- NicoJuicy 4y agoAnd stock options of your own firm to employees still needs RSZ contributions. So that's expensive too