Advance payments

Advance payments for companies

  • How can I carry out an advance payment?

    You want to carry out an advance payment for your company, but you don’t know how to do it? Do it the easy way - online via MyMinfin. Therefore, you pay automatically on the correct bank account number and with the correct specific reference. All you need to do is to mention the amount you wish to pay and to click then on “Payer en ligne/Online payment”.

    Carry out an advance payment through MyMinfin

    Please note that if the amount involved is high, the transaction may be declined due to a payment limit imposed by your bank. The exact amount of this limit varies from bank to bank. To prevent this from happening, ask your bank to raise your online payment limit.

    Other means of payment

    • You can also pay with a bank transfer:
      • On the bank account number BE61 6792 0022 9117 (BIC: PCHQ BEBB) of the “Centre de Perception - Service des versements anticipés/Collection centre - Advance Payments Department” at the following address: Avenue Roi Albert II 33, 1030 Brussels,
      • With the following specific reference you will find in MyMinfin.
      • preferably through a bank account opened on behalf of your company.
    • You can ask a third party to pay for you (for instance, a bank as part of a finance contract). In that case, make sure that your bank also uses the specific  reference you will find in MyMinfin
  • Can my bank carry out the advance payment for my company?

    Your company is subject to advance payments and you want to have them carried out by your bank?

    This is possible, for example, with a finance contract. These payments are subject to the same rules as if you carried out them yourself. So make sure your bank knows your specific reference.

    The bank can, on the basis of your company number/registration number, set up the specific reference itself:

    • the first 10 digits of the company number/registration number
    • the 11th and 12th digits of the control number of the Belgian banking sector
  • Can a tax refund in the name of my company be used as an advance payment?

    Have you received your tax assessment notice confirming that you will receive a refund? This refund can then be used as an advance payment for the next taxable period. You must apply for this before the refund date (at the end of the second month following the receipt of the tax assessment notice).

    Write to us

    SPF Finances - AGPR Versements Anticipés
    Avenue du Prince de Liège 133 - boîte 292
    5100 Jambes
  • Which companies have to carry out advance payments?

    In principle, advance payments are compulsory for:

    • Belgian companies that are subject to corporation tax,
    • Foreign companies which are subject to non-resident tax and which carry out one or more activities of a profit-making nature.

    Warning

    Small enterprises are not required to make advance payments for the first three fiscal years as from the date of their incorporation. Small enterprises must not go beyond more than one of the following criteria

    • Average annual number of employees: 50.
    • Annual turnover excluding VAT: 9,000,000 Euro.
    • Total amount of the balance sheet: 4,500,000 Euro.
  • What are the consequences if my company does not carry out advance payments?

    Companies who do not carry out advance payments or do not carry them out in time risk a tax increase.

    Warning

    Small enterprises are not required to make advance payments for the first three fiscal years as from the date of their incorporation. Small enterprises must not go beyond more than one of the following criteria

    • Average annual number of employees: 50.
    • Annual turnover excluding VAT: 9,000,000 Euro.
    • Total amount of the balance sheet: 4,500,000 Euro
  • How is the tax increase calculated?

    You have not carried out any advance payments as a company subject to advance payments? In this case, you will have to pay a tax increase on the total taxable income. For the assessment year 2020 (income 2019) the following income is taxable:

    • Income earned or collected in 2019 by companies that keep their accountancy by calendar year.
    • Income relating to an accounting year which, in 2020, is closed before December 31st, for companies which keep their accounts on a non-calendar year basis.

    The tax increase applies to corporate and non-resident tax.

    Warning
    • Companies which, pursuant to Article 15 of the Companies Code, are considered as small companies, are not obliged to make advance payments for the first three accounting years as from the date of their incorporation.
    • For inter-municipal companies, the tax increase applies to the income tax on legal entities on dividends they pay to other companies or legal entities, except for the State, communities, provinces, municipalities, CPAS/public welfare centres...

    Basis of calculation of the tax increase

    The basis of calculation amounts to 102% of the tax due on the income giving rise to the tax increase. Such income may be reduced by withholding taxes and other chargeable elements which are related to it (for instance, flat-rate foreign tax, tax credits, withholding tax on movable property, etc.).

    Tax increase rate

    For the assessment year 2020 (income of 2019), the rate is 6.75%.

    Calculation of the tax increase

    We multiply the tax increase basis by the rate of 6.75%.

  • Which amount does my company have to carry out as advance payment?

    Companies and inter-municipal company whose assessment year coincides with the calendar year may estimate the advance payments to be carried out as follows:

    1. Estimate the amount of income to which the tax increase may apply.
    2. Calculate approximately the tax the company would have to pay on this amount.
    3. Multiply this tax by 102 %.
    4. Deduct the withholding taxes and other relevant deductible elements. In principle, the result is the amount you have to pay in advance this year.

    In this way, you can also determine the amount you can deposit each quarter, but you can also choose to distribute differently the amounts you have to pay: 

    1. Divide this annual amount by four.
    2. It is preferable to round the quotient thus obtained to the nearest ten Euro.
  • What can happen if my company hasn’t paid enough as advance payments?

    Your company has carried out advance payments but you don't know if they are sufficient?

    By making your advance payments on time and paying sufficient amounts, your company avoids a tax increase. The tax increase rate amounts to 6.75 % for the assessment year 2020.

    We therefore first calculate a tax increase and then deduct the benefits associated with the advance payments which have been carried out. For the assessment year 2020 (income 2019), the amount of these benefits is equal to the sum of the following calculations:

    • Amount of the first advance payment (VA1) x 9.00 %
    • Amount of the second advance payment (VA2) x 7.50 %
    • Amount of the third advance payment (VA3) x 6.00 % (warning: it may differ due to a coronavirus support measure)
    • Amount of the fourth advance payment (VA4) x 4.50 % (warning: it may differ due to a coronavirus support measure)

    The average of these percentages corresponds to the rate of tax increase (6.75 %). If you have made sufficient advance payments, the resulting benefits will completely cancel out the tax increase. If you have made too many advance payments, so that not all of them can be offset against tax, we will refund the excess.

  • Is my company entitled to a bonus?

    Your company carries out advance payments and you are wondering whether they also entitle you to a bonus (a real tax reduction)?

    No. Companies are never entitled to a bonus if they have carried out too many advance payments.

    On the other hand, newly established self-employed persons and private individuals can benefit from a bonus.

  • When does my company have to carry out its advance payments?

    Advance payments must be carried out within the set deadlines.

    For the assessment year 2021 (income 2020) this means:

    • At the latest on April 12th 2021 for the first quarter
    • At the latest on July 12th 2021 for the second quarter
    • At the latest on October 11th 2021 for the third quarter
    • At the latest on December 20th 2021 for the fourth quarter

    Please note that these are final dates by which you must have paid on the bank account of the Advance Payment Department Do not wait until the last day to make the payment, as it can take a few days between the time your payment has been made and the time the amount is actually registered on our account. Any amount paid after the due date will automatically be carried over to the next quarter.

    After the end of the accounting year, your company will receive an overview of the advance payments carried out during the past year in MyMinfin. You can use this overview in order to fill in the tax return.

  • What about companies which keep their accounts on a non-calendar year basis?

    The accounting year of a company does not necessarily coincide with the calendar year. Due to special circumstances, the accounting year may contain more than 12 months or less than 12 months (year of incorporation, change of closing date, dissolution or closing of accounts).

    These circumstances have an influence on the determination of the due dates for advance payments, the number of due dates, the rates and the way according to which the tax increase is calculated.

  • What about advance payments for unincorporated associations?

    In certain situations, advance payments are carried out personally by the members of the unincorporated association. If the unincorporated association still wishes to receive an invitation to carry out advance payments in its own name, please contact us.

  • Can I change the destination of an advance payment already carried out?

    Yes, you can change the destination of an advance payment under certain conditions.

    Ask for a change of destination through MyMinfin.be

    Which change of destination can you ask for?

    You can ask that the total amount or part of the advance payments carried out is:

    • refunded,
    • used to refund an outstanding debt (the date of the application is the date of payment),
    • Carried over to a later assessment year.

    Have you made an advance payment on behalf of a taxpayer? You can also ask for the correction of a material error in the filing.

    What are the conditions?

    1. The advance payment cannot yet be deducted from the income tax due by the taxpayer.
    2. You must ask us for it no later than the last day of the third month following the taxable period.

  • Where can I ask a specific question about my advance payment file?

    Call us

    Every working day from 8.30 a.m. to 5 p.m. on 02 572 57 57 (normal rate).

    Write to us

    SPF Finances - AGPR Versements Anticipés
    Avenue du Prince de Liège 133 - boîte 292
    5100 Jambes