“If we look at it at a national level, 48 codes have been added and only 34 have been deleted,” says Ive Rosseel, tax adviser at the ACV. “Just like last year, the increase is due to the corona measures: 18 new codes are completely Covid-related. Think of the one-off premium and payments of the bridging right, or the tax reduction for waived rent, or for acquiring new shares in companies that have seen their turnover fall heavily due to Covid. In addition, eight more codes have been added that relate to the recovery measures that should help limit the consequences of Covid.”
An important source of deleted codes is the new way in which country residences abroad must be declared. “From now on, this will be done in the same way as in our own country, on the basis of a fixed cadastral income,” says Eric Van Laecke of the ACV tax service, who points out a few important novelties. “The tax-free additional income through association work has been reduced considerably.
The tax treatment of dependent family members older than 65 will also change: from now on they must be in need of care in order to be entitled to the increased tax-free allowance. And if you install a charging station for your electric car, you can benefit from a tax reduction under certain conditions.”