Saturday 19 September 2020

Accountant Services with All the Supports Waiting for You

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. 

No comments:

Post a Comment