Taxes & Finances
Moving to a new country involves settling into a new way of life, and having the right insurance is a crucial part of that process. In Flanders, certain types of insurance are mandatory, while others are optional but recommended. Here is an introduction to our insurance system, to help protect you, your family, and your assets.
This guide will help you navigate the essentials of taxes and finances in Flanders.
Here’s what you need to know about taxes and finances in West Flanders.
Opening a bank account
As a professional, you will need to open a local bank account to receive salary payments and manage daily expenses. Popular banks include KBC, ING, Argenta... Opening an account is pretty straightforward and can be done online. You will need proof of identity, proof of address, and your national registration number.
Payment methods
Flanders widely accepts debit cards and has embraced contactless payments. In fact, since July 2022 all retailers have to provide customers with at least one electronic payment method.
Mortgage, credit & other loans
Check with your bank what your options are when buying or renting a property in Belgium.
Income tax
If you have income in Belgium (e.g., remuneration or rent) but you are only here for a limited period of time, you have to submit a non-resident income tax return. If you are here for a longer period of time, then you have to submit a regular tax return. All official information can be obtained from the Federal Public Service Finance website.
Useful sources
- Finance.belgium.be - Official website for Belgian tax information, filing, and guidance
- MyMinfin: myminfin.be - Online portal for tax filing and accessing tax-related documents
- Socialsecurity.be - Information on social security benefits and contributions
- Expat tax advisors: Many accounting firms provide specialized services for expats, assisting with tax filings, special tax regimes, etc.
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Living in West Flanders
Tips & tricks on how to enjoy life at the fullest in our dynamic region.
