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Taxation in Belgium consists of taxes that are collected on both state and local level. The most important taxes are collected on federal level, these taxes include an income tax, social security, corporate taxes and value added tax. At the local level, property taxes as well as communal taxes are collected. Tax revenue stood at 48% of GDP in 2012.
A value-added tax identification number or VAT identification number ( VATIN [1]) is an identifier used in many countries, including the countries of the European Union, for value-added tax purposes. In the EU, a VAT identification number can be verified online at the EU's official VIES [2] website. It confirms that the number is currently ...
Belgium is a constitutional, popular monarchy and a federal parliamentary democracy. The bicameral federal parliament is composed of a Senate and a Chamber of Representatives. The former is made up of 50 senators appointed by the parliaments of the communities and regions and 10 co-opted senators.
The total Finnish income tax includes the income tax dependable on the net salary, employee unemployment payment, and employer unemployment payment. The tax rate increases very progressively rapidly at 13 ke/year (from 25% to 48%) and at 29 ke/year to 55% and eventually reaches 67% at 83 ke/year, while little decreases at 127 ke/year to 65% ...
Website. www.fed-parl.be. The Federal Parliament is the bicameral parliament of Belgium. It consists of the Chamber of Representatives ( Dutch: Kamer van Volksvertegenwoordigers ⓘ, French: Chambre des Représentants, German: Abgeordnetenkammer) and the Senate ( Dutch: Senaat ⓘ, French: Sénat, German: Senat ). It sits in the Palace of the ...
The economy of Belgium is a highly developed, high-income, mixed economy. [19] Belgium's economy has capitalised on the country's central geographic location, and has a well-developed transport network, and diversified industrial and commercial base. Belgium was the first European country to join the Industrial Revolution in the early 19th century.
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
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