A limited partnership is a legal structure that allows two people to form a partnership in a legal entity. Each person may contribute capital (investment) or time (running operations).
A limited partnership in Belgium is generally subject to corporation tax (IS).
The main limited partners are responsible for the company's assets and are taxed on income from the company's assets and capital.
Limited partners are remunerated in the form of dividends and are taxed privately on this income.
Limited partnerships with turnover above 500.000€ are required to file annual balance sheets and pay any tax due. Companies are also required to comply with reporting, accounting, and tax obligations.
Accountable can be used for your Commv/VOF/SNC company, alongside your accountant, for the following:
Create, customise and edit sales invoices
Encode your expenses and see the impact in real time
Monitor your accounting and cash flows in real time
Anticipate the amount of VAT to be paid
To start using the app, create an Accountable account under the "company" type.
For your annual income tax return: the profit and loss account is available in the application, on the basis of which you can easily prepare your income tax return with your accountant.
Please take into account the accounting and tax obligations that are managed or not in Accountable:
Tax obligations | Available in Accountable |
Quarterly VAT returns | ✅ |
Annual client listing | ✅ |
Intra-com listing (intra-EU listing) | ✅ |
Double entry bookkeeping | ❌ |
Company tax return | ❌ |
Annual balance sheets | ❌ |
Don't hesitate to contact us if you have any further questions, we are here to help you.
Author - Valesca Wilms
As content marketing lead at Accountable Belgium, Valesca writes about freelancing, self-employment, and taxes based on her own experience as a freelancer.
Who is Valesca ?Thank you for your feedback!
Useful
As a self-employed individual with a sole proprietorship, your income is taxed under the personal in...
Read moreStarting from 2026, all self-employed individuals will need to send their invoices electronically in...
Read moreThe VAT reverse charge is a complicated word for a simple concept. It helps you purchase and sell sm...
Read moreThey always answer right away to any question I have, they provide clear answers, and they are very patient even when I struggle to understand. They try to explain in different ways. They are very helpful, responsive and friendly.
Chiara Marradi
01/05/2026
Everything was great! All my questions were answered quickly and in a friendly manner.
Wenzeslawa Wegener
04/05/2026
In the world where everyone seems to be out to get small entrepreneurs and overwhelm them with new rules, more taxes and reporting obligations, Accountable often feels like the one steady partner that actually wants you to succeed, providing quick, clear and personalised support. Thank you!
Janina Arsenjeva
10/04/2026
This is an amazing application with great support on issues. In short as in day I am addicted to it (in a positive way). I myself is from IT project management and the way they have captured the user requirement, it’s phenomenal.
Sumit Tewary
01/12/2024
UI is great. Feature packed and very easy to use. The team at Accountable were VERY quick to respond and their team of technicians soon had a fix in place. Very happy with the level of service so far. Thumbs up from me!
Dean Osborne
14/06/2023
This program is a lifesaver, and it is always improving. Plus, it has an AI chat feature that is actually useful.
Jeffrey Humble
14/01/2026
The coaching session on tax management was excellent, good material, excellent explanations and very insightful. Combined with the AI I never feel alone with Accountable.
Sergio Barbarino
23/04/2026
The availability of your team to help and guide people to understand their finances better is what really makes Accountable valuable. While the AI is able to give answers to most basic questions, specific scenarios need counsel from a human which your team performs beautifully.
Sofiya Bogdan Neves
18/04/2026
Fast and careful answers from Alina. Top service. Thank you.
Anonymous
15/04/2023
They always answer for questions wherever is via direct e-mail or through app. If they can’t answer fully they will forward you to the right place. Documents were always prepared well and ready to send further to government. Everything is intuitive in the app and easy to sort out even for someone completely green in this field.
Anonymous
22/03/2026
