{"id":19284,"date":"2025-07-25T11:52:49","date_gmt":"2025-07-25T09:52:49","guid":{"rendered":"https:\/\/www.accountable.eu\/?p=19284"},"modified":"2025-07-25T12:47:00","modified_gmt":"2025-07-25T10:47:00","slug":"refund-social-security-contributions","status":"publish","type":"post","link":"https:\/\/www.accountable.eu\/en-be\/blog\/refund-social-security-contributions\/","title":{"rendered":"Social security refunds: how to declare them in your tax return"},"content":{"rendered":"\n

When you\u2019re self-employed in Belgium, you pay social security contributions every quarter. But what happens if you pay too much and then get a refund of the extra contributions you paid?<\/strong><\/p>\n\n\n\n

That\u2019s good news for your bank account, but how do you correctly report this refund of (part of) your social security contributions and pay the right taxes on it? Find out in this article.<\/strong><\/p>\n\n\n \n

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Need a refresher on how social security contributions are calculated and why you need to pay them? <\/span>Read everything you need to know about social security contributions for the self-employed in 2025 here.<\/span><\/a><\/p>\n <\/div>\n <\/div>\n \n\n\n\n

What happens when you get a refund of social security contributions?<\/h2>\n\n\n\n

As a self-employed person, you pay provisional social security contributions every quarter. After around two years, FPS Finance communicates your actual income to your social security fund. If the estimated income used to calculate your provisional contributions was higher than your actual income, you\u2019ll get back the extra amount you paid.<\/strong><\/p>\n\n\n\n

Your social security fund notifies you and automatically transfers the money to your account, unless you still have an outstanding debt.<\/strong> In this case, the money is used to settle the debt. Note that this only applies to late payments. You still need to pay your contribution for the current quarter.<\/p>\n\n\n \n

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Your actual income never exactly matches the estimated income on which your social security contributions are calculated, and that’s normal.\u00a0<\/span>This is why, after 2 or 3 years, you\u2019re always in one of two situations: either you get some money back, or you have to pay extra. It’s roughly the same principle as when you file your tax return.<\/b><\/p>\n <\/div>\n <\/div>\n \n\n\n\n

An example<\/h3>\n\n\n\n

You paid provisional contributions in 2023. In the end, your actual income for that year turned out to be lower. Your social security contributions are recalculated, and you\u2019ll get \u20ac960.64 back from your social security fund in 2025.<\/p>\n\n\n\n

Not bad, right? But how do you reflect these refunded social security contributions in your accounting?<\/p>\n\n\n\n

Refunded social security contributions: how to declare them in your tax return<\/h2>\n\n\n\n

Now for the less good news: you have to pay taxes on any social security contributions that are refunded<\/strong>.<\/p>\n\n\n\n

Why? Well, social security contributions are 100% deductible. They reduce your profits and, consequently, the income tax you have to pay. The overpaid contributions were therefore wrongly recorded as business expenses.<\/strong><\/p>\n\n\n\n

That\u2019s why you need to add any reimbursement of social security contributions to your income. This is done in section XIX of your tax return.<\/strong> Declare the reimbursement under code 1206\/2206 (code 50),<\/strong> “Remboursement de cotisations sociales\u201d \/ \u201cTeruggave van sociale bijdragen\u201d (i.e. reimbursement of social security contributions). This amount will be added to your taxable income.<\/p>\n\n\n\n

Indicate the refunded social security contributions in Accountable<\/h2>\n\n\n\n