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The Walloon government encourages certain types of work by granting several tax advantages, such as energy premiums (insulation, heating, energy audit) and renovation premiums (roofing, drying of walls, exterior carpentry, electrical installation). Some municipalities and provinces provide additional benefits. Further information is provided.

Pay your housekeeper with service vouchers

In Wallonia, you can benefit from a tax reduction of 0.90 euros (10%) per service voucher (for the first 150 service vouchers only). A service voucher of 9 euros costs you 8.10 euros. The maximum tax advantage is therefore 135 euros per person per year.

For a couple, the ceiling therefore amounts to 2,880 euros if each partner spends 1,440 euros in their name. Thus, if a partner buys service vouchers for 1,800 euros, the surplus of 360 euros will not be taken into account for the tax benefit. The Chartered Accountant Watson is important there.

If your partner has too little or no income, the tax reduction is converted into a tax credit and the benefit is refunded.

Help an SME

In Wallonia, you can lend money (maximum 50,000 euros) in a fiscally advantageous manner to an SME or to a friend or relative with independent status via the "helping hand" loan (for a maximum of 8 years).You benefit from an annual tax credit of 4% for the first 4 years, then 2.5% over any subsequent 4 years.

Enter the childcare expenses in your declaration

Introduce childcare costs

You can enter childcare costs up to 11.20 euros per day of care and per child under 12 in your tax return. You will benefit from a tax reduction of 45%, which represents an advantage of up to 5.04 euros per day of care. 

Right Deals and Details for you in Tax Returns

 The conditions to be able to benefit from this advantage:

• The charity must be an approved institution. On the FPS Finances website, you will find general information as well as a list of all approved institutions .

• The donation must amount to at least 40 euros per institution (per year) and cannot exceed 384,300 euros.

• You can donate up to 10% of your net income.

Tax advantage linked to housing loans

There are many questions that go into determining the tax benefit you are entitled to today.Discover the regime applicable to your situation in a few clicks to Tax ReturnPreparation Services.

With savings insurance, you can prepare yourself in a tax-efficient way for the purchase of your own home. You can use the reserve set up to finance your loan balance insurance when you take out a home loan. You can also claim these payments in your tax return. You benefit from an annual tax reduction of 30% on the amount saved.

Please note: since January 1, 2020, the Flemish housing bonus has been abolished. If your savings insurance is linked to a home loan for your own home, there will no longer be a tax advantage for contracts taken out from that date.

Save for your own home

By saving in tax savings insurance, you can prepare yourself in a tax-efficient way for the purchase of your own home. You can use the reserve set up to finance your loan balance insurance when you take out a home loan. You can also claim these payments in your tax return, and benefit from an annual tax reduction of 30% on the amount saved.

Reuse your current mortgage

When your mortgage matures, you lose an important source of tax benefit. You can reuse your mortgage to make conversions or buy a second home. You will thus continue to benefit from a tax advantage depending on your personal situation. More information on this can be found on the Reuse your mortgage page.

Please note: the tax benefit for renovation loans taken out from January 1, 2020 will be removed as part of the Flemish housing bonus.

Tax Return Arrangements And Your Options Open Now

The government offers many tax benefits. Discover our 9 practical tips, ranging from pension savings to childcare.

Get started with pension savings

It is estimated that nearly 3 million Belgians have opted for pension savings,  which is perhaps the best known way to benefit from a tax advantage. In 2020, you can choose your own maximum amount from two options:

• If you opt for a maximum amount of 990 euros, you benefit from a tax advantage of 30%. You can thus recover up to 297 euros via your taxes.

• You can also choose a maximum amount of 1,270 euros. You then benefit from a tax reduction of 25%: up to 317.5 euros.

• Do you choose the highest amount? Please report this explicitly to your bank. You can do this for the whole of 2020. If you choose the lower amount, you don't have to report anything. More info on pension savings in 2020.

Long-term savings pay off

You can also save in a tax-efficient way thanks to the long-term savings plan, of which life insurance (branch 21) is notably a part. In the context of long-term savings , the maximum amount depends on your personal situation. The tax ceiling amounts to 2,390 euros in 2020. For the Taxation Return Preparation in Australia this is important now.

The tax reduction amounts to 30% of the amount saved. If you qualify for the ceiling, you can benefit from a tax reduction of 717 euros if you pay taxes. To calculate your personal limit, you can use the Taxplanner on the CBC website or contact CBC Live or your CBC team. 

Donation to charity

Check out our 10 tips for paying less taxes

A donation to a charity also allows you to benefit from a tax reduction of 45% of the donations actually made and for which you benefit from a tax certificate. Thus, if you make a cash donation of 40 euros to an approved institution, your taxes will normally be reduced by 18 euros.