Taxation based on signs and indications

general assembly on October 26, 2016

In its report to the Federal Parliament, the Belgian Court of Audit examines how the tax administration applies taxes on the basis of “signs and indications” of wealth suggesting that the declared income is not correct. These verifications lead to rather poor results. The Court of Audit recommends, on the one hand, to assess the annual verification results and relevancy and, on the other hand, to optimise the exchange of information between the various tax administrations.