Hello everyone,
I recently started my internship as a real estate agent and I chose Dexxter for my accounting. Every year, a BIV contribution must be paid (consisting of three components: the BIV membership fee, the CFI contribution and civil professional liability insurance and financial guarantee).
The BIV website states the next about the accounting for this (https://www.biv.be/kb/biv/biv-contribution/alles-over-de-biv-contribution):
‘Tax deductible
The yearly contribution you pay to the BIV is indeed tax deductible, as confirmed by a tax circular. As a real estate agent, you meet all the conditions to deduct your BIV contribution: the profession is regulated; a law or Royal Decree protects the professional title; the profession is state under supervision of an association or professional institute created by law or royal decree; membership is required in order to practise the profession; the contribution is required in order to be a member.The tax circular can be found via the next uRL: https://www.biv.be/media/761/download?inline=1. Now my question is: How should I enter this? Under cost category, I currently have ‘membership fees & professional contributions’ stated. Is vAT applicable here? If yes, how much exactly? Thank you in advance for your time and help! Kind regards!