Total Tax Contribution
Total Tax Contribution
FEB and PwC have recorded all compulsory statutory levies (taxes and social security contributions) companies in Belgium either pay or collect on behalf of the authorities (all levels) in Belgium’s first Total Tax Contribution report, which was drawn up using the international method devised by PwC. The study was conducted in 2007 for the 2006 financial year. Sixty-one companies representing the most important sectors of the economy and employing a total of around 100,000 people completed the electronic questionnaire.
Here are a few general results from the study:
- Companies in Belgium pay no fewer than 63 taxes and collect a further 32 taxes and contributions on behalf of various public authorities.
The companies participating in the study paid almost €1.5 billion - or 13% of their revenue - in corporate income tax. For every euro in corporate income tax, they pay another €1.26 in other levies (mainly employers’ social security contributions). - For every euro paid in corporate income tax, respondents collect another €4.70 in taxes and contributions on behalf of the government. Their total amount of tax collected comes to some €7 billion (mainly VAT, followed by excise duties, withholding tax on income and personal social security contributions).
Download the Total Tax Contribution 2007 Brochure.
Total Tax Framework
A review of the tax communications of the largest listed companies in Belgium, The Netherlands and UK.
Stakeholders are looking for more and clearer information on tax. They want to see high quality information in three broad areas:
- tax strategy and risk management
- tax numbers and performance
- total tax contribution and the wider impact of taxes
Download the Total Tax Framework 08 Brochure.
Paying Taxes 2009
Paying Taxes provides a comparison of the world’s tax systems from the point of view of a case study company. It is published jointly with the World Bank Group and uses the methodology of the PwC Total Tax Contribution framework, which is designed to help companies identify their true tax contribution.
