Tax tips for Airbnb hosts in Belgium

As an Airbnb host in Belgium, you will face several tax issues. A good understanding of the tax rules can help you optimise your tax liability and avoid unpleasant surprises. Here are some essential tax tips.

Income tax

Declaration of rental income

In Belgium, you must declare your rental income as 'property income'. This income is taxed at the progressive personal income tax rate. Make sure you report all income accurately to avoid penalties.

VAT return

Understand VAT obligations

If your annual turnover exceeds a certain threshold, you may be liable for VAT. This means you have to charge 6% or 21% VAT on your rentals, depending on the services provided. You will then need to register for VAT purposes and file regular VAT returns.

Deductible expenses

Maximise your deductions

You can deduct certain costs associated with renting out your Airbnb property from your taxable income. These include maintenance costs, depreciation, and insurance. Make sure you keep accurate records of all your expenses.

Municipal taxes

Don't forget local taxes

Besides income tax and VAT, in some municipalities you may also be required to pay a local tax on the rental of furnished properties. Rates and rules vary by municipality, so check what applies in your area.

Tax Planning

Plan ahead

By being proactive with your tax planning, you can avoid unpleasant surprises and optimise your tax liability. Consider working with a tax advisor who is experienced in real estate and rentals.

Final word

Taxes can be complicated, especially when it comes to renting properties through platforms such as Airbnb. Proper planning and understanding of the rules are essential.

For additional support and advice, you can always turn to Immotokens. They specialise in property investment and can help you get the most out of your Airbnb rental, including navigating the tax landscape. Contact Immotokens for more information on their services.