Glossary

Definitions

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Corporate income tax

Corporate income tax is the tax Belgian companies pay on their profit. The standard rate is 25 %, and a reduced rate of 20 % applies to the first 100 000 € of taxable profit for small companies that meet the legal conditions.

ITAA

The ITAA (Institute for Tax Advisors and Accountants) is the Belgian institute governing accountants and tax advisors. Created on 30 September 2020 by the merger of the IEC and the IPCF provided for in the law of 17 March 2019, it keeps the public register of professionals entitled to use those titles.