No tax surcharge
The Belgian tax authorities encourage the payment of tax on corporate income within the year in which it is earned. You then avoid statutory tax surcharges by paying in advance.
Your capital is kept available and your liquidity is improved, leaving you with funds free for other investments.
Spreading the tax burden
Having to pay a large amount of tax in one go each year is now a thing of the past. A tax pre-payment plan allows you to spread the payment of your taxes over the whole year.
Pay less tax
Did you know that the Belgian tax authorities take up to two years to process company tax returns? So they encourage businesses to pay their corporate income tax in advance. Reap the rewards of this by paying your tax in the year that you earn your income, and so avoiding a tax surcharge.
The pre-payments can be made at the latest on four preset dates each year:
- 10 April
- 10 July
- 10 October
- 20 December
Because the benefits of pre-payment are greater the earlier in the year they are made, the best thing is to pay the entire amount of the pre-payment before 10 April.
- Avoiding any tax surcharge
- No administrative issues
- Tax optimisation
- Spreading the tax burden
- The interest on this finance is fully tax-deductible
Does it all sound too good to be true? Contact your KBC relationship manager now to set up a KBC Tax Pre-Payment Plan for your business.