Accountancy in Belgium

>> Employment in Belgium

An employer will need to ensure that a proper payroll is maintained and that the different taxes are paid, including national social security contributions. These arrangements are closely related to legal and tax issues, so it is important to look  for professional advice on this issue.

Social security

Belgian law requires Belgian individuals earning professional income, to make social security contributions.

  • For individuals receiving wages or salaries, the rates for social security contributions are approximately 35% (due by the employer) plus another 13,07% (due by the employee). The total amount (48,07%) is withheld by the employer and paid to the social security office.
  • Self-employed persons pay their social security contribution to the social insurance fund they are affiliated to. The contribution consists of a percentage of the professional income of the self-employed, and is limited to approximately 16.473,60 EUR per year.

Please note that for Belgian tax purposes, directors are generally regarded as selfemployed persons (and not as individuals receiving wages or salaries).

Employee pensions

Many Belgian employers currently operate a company pension scheme. Contributions made under a contractual obligation to an approved employee pension fund are tax deductible up to certain limits. In the hands of the employee, under certain conditions the pension will only be taxed at a separate rate of 10% or 16,5% or 25%.

Employee share schemes

There are several ways of providing attractive remuneration packages, including the use of the following employee share schemes:

  • stock options;
  • employers’ participations;
  • profit share.

Latest version updated 20th December 2017

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