The Federal Government had ear-marked EUR 900 million for the measure and had estimated that the average working Belgian would pay EUR 250 a year less in tax as result of the measure.
However, figures contained in the draft budget that was handed over to the European Commission show that just EUR 450 million has been ear-marked for the measure, just half of what had been announced.
EUR 125 year won’t be anything like enough to compensate for the money lost as a result of the Federal Government’s other plan not to make wages by 2 percent when the so-called “index” is exceed early next year.
However, working Belgians can expect a further tax cut in 2016, a year than was originally planned; the Finance Minister Johan Van Overtveldt’s office told De Tijd.
Flandersnews.be / Expatica