February 27, 2024

Taylor Daily Press

Complete News World

Nearly 4 in 10 Belgians received cash as an end-of-year gift: do you have to pay taxes on it?

Nearly 4 in 10 Belgians received cash as an end-of-year gift: do you have to pay taxes on it?

A survey by market research company Ipsos showed that nearly four in ten Belgians received money as an end-of-year gift. The question now arises: Do you have to inform the tax authorities that you have received cash? Is it permissible for her to collect taxes on it?

Why is this important?

We pay less and less in cash, but some traditions still remain. For example, a large number of Belgians still give money as gifts during the end-of-year period.

In the news: 38 percent of our citizens received cash as a gift during the end of last year. This is evidenced by a survey conducted by Ipsos among 1,600 Belgians.

  • Batopin, a network of bank-neutral ATMs in Belgium, points out that cash still plays a major role in our society, despite the rise of electronic and digital payments. “We want to continue to give cardholders from all banks easy access to cash. By the end of 2025 we will do this

This featured article is exclusive to subscribers

Now read 3 articles for free per month!

Do you think about the future, about the future of tomorrow? Business AM is your guide through change. Don't follow the facts and be part of the fastest growing business site in Flanders.

Are you already a subscriber? Log in and get access to all premium articles.
See also  Want to impress your guests? These discount cookbooks will help you | My guide
Dit premium artikel is exclusief voor abonnees
Word abonnee en krijg onmiddellijk onbeperkte toegang tot alle artikels. Nu vanaf € 1,99/maand.
Ja, ik wil toegang tot alle premium artikels
Steeds opzegbaar
Al abonnee? Log inLog in en krijg toegang tot alle premium artikels.
Al abonnee? Log in en krijg toegang tot alle premium artikels.
-->