Unless you are independent in a complementary activity, you pay social contributions every quarter in order to get the minimum necessary health & pension service you need as a Belgian citizen. Your social contributions guarantee your social protection, which translates to: e.g. child benefits, and incapacity benefits<\/i>.<\/p>\n
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In Belgium, paying social contributions is mandatory and cannot be avoided, unless specifically requested & agreed upon by your social security provider.<\/p>\n
| \n \ud83d\udca1 As a general rule, social contributions amount to 20.5% of your yearly taxable income.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n \n \n How are social contributions taxed?<\/h1>\nSocial contributions are themselves entirely deductible: they act as any other professional cost and decrease your profit, hence your income tax.<\/p>\n In other words, the more social contributions paid, the less income tax.<\/i><\/p>\n \n Important note, social contributions enter the computation of the profit for the year they are paid (or reimbursed), not the year for which they are due. If you need to pay social contribution for a previous year, you will see the impact of this payment on this year only, not the previous year.<\/i><\/p>\n \n |