- Belgium has announced that the legal interest rate for tax matters in 2024 will remain at 4%, the same as in 2023.
- This rate is calculated as the average of certain reference indices from the previous year’s April, May, and June, with a minimum of 4% and a maximum of 10%.
- The legal interest rate is used for late payment and tax recovery purposes, with a rate of 2% lower for refunds.
- The rates for income tax and VAT will remain at 4% and 8% for late payment and 2% and 6% for refunds, respectively, from January 1, 2024.
Source Orbitax
