Belgium has issued the individual income tax brackets and rates for the 2020 tax year (2021 assessment year). The standard brackets and rates are as follows:

• up to EUR - 13,440 - 25%
• over EUR 13,440 up to 23,720 - 40%
• over 23,720 up to 41,060 - 45%
• over EUR 41,060 - 50%

The brackets and rates used in calculating the effects of allowances are as follows:

• up to EUR 9,450 - 25%
• over EUR 9,450 …