ContactService pagesAbout PnAPnA in the pressSitemap
Tax Information 2014 - Fiscal and social data for the year 2014

1. TAX-DEDUCTIBLE ANNUITY CONTRIBUTIONS 2014 ( All amounts in euros)
  Annual margin maximum

25,181

  Reserve margin
  - Younger than 55 years (on 1st January 2014)
- 55 years or older on 1st January 2014
maximum
maximum

6,989
13,802

       
  Additional tax-deductible annuity contributions in case of discontinued businesses (conversion of discontinuation profit)    
  In 2014, the following three maximums are applicable:   443,059
      221,537
      110,774
  Click here to calculate your tax-deductible annuity contributions    
       
2. CALCULATION OF ANNUAL MARGIN    
  The premium base has a maximum of   162,457
  Tax-exempt amount of premium base   11,829
       
3. BRIDGING ANNUITY AND LIFE ANNUITY    
  Pursuant to the new Early Retirement (Adjustment of Tax Treatment) and
Life-Course Savings Scheme Act, bridging annuity contributions are no
longer tax-deductible as from 1 January 2006. There is a transitional
scheme for contributions that have been deducted up to and including 2005.
On this basis, bridging annuities can still become effective in the future. To
deduct temporary life annuity contributions, it is from now on required that
the instalments become payable no earlier than the year in which the tax br> payer is 65 years + 2 months of age.
Please note: for foreign tax payers, income-related tax deductions have
ceased to exist as from 1 January 2006, unless the tax payer has opted to
be treated as domestic tax payer.
 
   
       
4. EXEMPTION OF CAPITAL DISTRIBUTIONS FROM A CAPITAL SUM INSURANCE ON OWNER-OCCUPIED DWELLINGS    
  If contributions have been paid for at least 15 years   36,300
  If contributions have been paid for at least 20 years   160,000
 
Explanation Exemptions are applicable per tax payer and can only be enjoyed once in a lifetime. In addition, contributions must have been paid for 15 or 20 consecutive years and the highest contributions paid may be no more than 10 times the lowest contributions paid. This exemption of capital distributions from a capital sum insurance on owner-occupied dwellings has stopped as per 1.1.2013. Only those woho had a product like that on 31/12/2012 are entitled to the exemption. But the exemption can no longer be enlarged.
   
       
5. DEATH BENEFIT EXEMPTION    
  For husband/partner   627,367
  For disabled child   59,601
  Parent   47,053
  For child/grandchild   19,868
       
6. EXEMPTION OF CAPITAL DISTRIBUTIONS FROM A LIFE INSURANCE; TRANSITIONAL LAW    
  Maximum   123.428
 
Explanation Under certain conditions, the exemption still applies to insurances that became effective before 14 September 1999. Under certain conditions, this exemption can be transferred to the partner. If the tax payer has lived the whole year with the same fiscal pertner there is an exemption of 246.856 euros.
   
       
7. EMPLOYEE SAVINGS SCHEMES AMOUNTS    
  The Salary savings scheme have ceased to exist since 1-1-2012
       
8. TAX-FREE ALLOWANCE    
  Maximum per person   21,139
       
9. RETIREMENT RESERVE CONTRIBUTIONS    
  10,9% of the profit is not taxed to a maximum of   9,542
       

BASIC INFORMATION AS FROM 1st JANUARY 2014
(All amounts in euros)

General tax credit       2,103
Employed person’s tax credit (with higher / lower income)       2,079 / 367
Marginal amount - graded tax system 1 – 2       19,645
Marginal amount - graded tax system 2 – 3       33,363
Marginal amount - graded tax system 3 – 4       56,531
         
    Until 65years+2months  

After 65years+2months

% of income tax - bracket 1   5.1%   5.1%
% of income tax - bracket 2   10.85%   10.85%
% of income tax - bracket 3   42.00%   42.00%
% of income tax - bracket 4   52.00%   52.00%
National insurances contributions maximum AOW (Old age pension benefit)
17.90%
ANW (Surviving dependants act)
0.6%
AWBZ (Exceptional Care Costs Insurance)
12.65%
Percentage of total contributions
31.15%

FISCAL INFORMATION

PREMIUM BASE 162,457
Maximum annual margin 25,181
Old-age pension tax-exempt amount 11,829
Reserve margin up to 55 years of age 6,989
Reserve margin from 55 years of age and older 13,802
Maximum transition of discontinuation profit (5th tranche) 443,059
Partial transition of discontinuation >50jr - < 60jr 221,537
Partial transition of discontinuation < 50jr 110,774
Discontinuation exemption (unique) 3,630
Percentage tax-exemption on profit for small businesses = 14%

 

SOCIAL SECURITY LEGISLATION AS FROM 1st JANUARY 2014
(All amounts in euros)

NAME OF LAWS INCLUDED MONTHLY AMOUNT(gross monthly allowance)
HOLIDAY ALLOWANCE/month
       
1. OLD-AGE PENSION BENEFIT    
  Married with partner > 65 years 734.41 50.11
  Married, maximum supplementary benefit 1,468.82 100.22
  Married, without supplement with partner 1,061,36 69,73
  < 65 years + 2months ( (old-age pension before 02/01/1994)    
  Unmarried 1,074.25 70.16
  Unmarried with child < 18 years 1,362.20 90.22
  Maximum supplement (old-age pension before 02/01/1994) 394.57  
  Maximum supplement, as from 02/01/1994 345,41  
       
2. SURVIVING DEPENDANTS ACT    
  Surviving dependant’s benefit 1,127.17 83.93
  Caretaking benefit 726.36 59,95
  Surviving dependant’s and Half-orphan’s benefit 1405.04 107.92
  Orphan’s benefit until 10 years 360.69 26.86
  Orphan’s benefit from 10 to 16 years 541.04 40.29
  Orphan’s benefit from 16 to 21/27 years 721.39 53.72
       
3. STATUTORY MINIMUM WAGE (before taxes) every month/every day    
 
Explanation: The totals of the statutory minimum wages are those of a complete working week. Whether this working week counts 36, 38 or 40 hours a week, depends on the branche one is working in. Those that work less hours, have to count on equally less minimum wages.
   
       
  23 years and older 1,485.60 68.57
  22 years 1,262.75 58.28
  21 years 1,077.05 49.71
  20 years 913.65 42.17
  19 years 779.95 36.00
  18 years 675.95 31.20
  17 years 586.80 27.09
  16 years 512.55 23.66
  15 years 445.70 20.57
       
4. CARE INSURANCE ACT INCOME MAXIMUM (ZW)    
  Maximum contribution 51,414.00  
       
5. NATIONAL INSURANCE CONTRIBUTIONS    
  Maximum insurance contributions 33,336  
6. DAILY WAGE INCOME MAXIMUM for social welfare acts WW, WAO and WIA    
  Daily maximum wage 261x € 197.00p/d 51,417.00