Starting your own business is exciting: you choose your clients, set your rates, and build something of your own. But once you actually go into business, there are administrative obligations to consider. One of the most important aspects? Your declarations.<\/p>\n\n\n\n
Depending on the nature of your sole proprietorship, there are up to four types of declarations you must file. In addition, there are three important deadlines you should keep in mind.<\/p>\n\n\n\n
What declarations do you need to file as a sole proprietor? Below you\u2019ll find a clear overview, explained step by step.<\/p>\n\n\n\n
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When people talk about their tax return, they\u2019re referring to this declaration. Even if you don\u2019t run a sole proprietorship, you must complete it. In this return, you report your earned income, which is used to calculate your personal income tax.<\/p>\n\n\n\n
If you\u2019re self-employed, you must complete \u201cPart 2\u201d in addition to \u201cPart 1\u201d. In Part 2, you report your revenue, gross margin, business expenses, and profit. Based on this information, the amount of tax you owe is calculated.<\/p>\n\n\n\n
When?<\/strong><\/p>\n\n\n\n The deadline varies by a few days each year. People who are not self-employed must file it in June<\/strong>. Do you have a sole proprietorship? Then you have until mid-October.<\/strong><\/p>\n\n\n\n Where?<\/strong><\/p>\n\n\n\n \ud83d\udc49 Via Tax-on-web<\/a>.<\/p>\n\n\n\n How to proceed?<\/strong><\/p>\n\n\n\n \ud83d\udc49 We explain how to file your tax return step by step here<\/a>.<\/p>\n\n\n\n Are you subject to VAT<\/strong>? If so, you must periodically file a VAT declaration<\/strong>. In it, you report how much VAT you have collected from customers and how much VAT you have paid on purchases. You must pay the difference to the tax authorities.<\/p>\n\n\n\n When?<\/strong><\/p>\n\n\n\n Generally quarterly<\/strong>, before the 25th of the month following the quarter<\/strong> (e.g., for Q1, before April 25).<\/p>\n\n\n\n Where?<\/strong><\/p>\n\n\n\n \ud83d\udc49 Via Intervat<\/a> from the FPS Finance.<\/p>\n\n\n\n How to proceed?<\/strong><\/p>\n\n\n\n \ud83d\udc49 This is our practical guide for your VAT declaration<\/a>.<\/p>\n\n\n\n Do you sell goods or services to customers subject to VAT in other EU countries? If so, you must also file an intra-Community declaration<\/strong>. In this declaration, you specify which businesses you have supplied and the amounts involved.<\/p>\n\n\n\n When?<\/strong> Where?<\/strong><\/p>\n\n\n\n \ud83d\udc49 Also via Intervat<\/a><\/strong>.<\/p>\n\n\n\n How to proceed?<\/strong><\/p>\n\n\n\n \ud83d\udc49 This is our practical guide for your IC declaration<\/a>.<\/p>\n\n\n\n <\/p>\n\n\n\n Do you supply goods or services worth more than \u20ac10,000 a year to private individuals in other EU countries<\/strong>? If so, you can use the OSS scheme (One Stop Shop)<\/strong>. That way, you don\u2019t have to file a separate VAT declaration in each country.<\/p>\n\n\n\n When?<\/strong> Where?<\/strong>2\ufe0f\u20e3 VAT declaration<\/h2>\n\n\n\n
3\ufe0f\u20e3 Intra-Community declaration (IC declaration)<\/h2>\n\n\n\n
At the same time as your VAT declaration. This is only required if you actually made sales to customers subject to VAT in other EU countries during that quarter.<\/p>\n\n\n\n4\ufe0f\u20e3 OSS declaration (One Stop Shop)<\/h2>\n\n\n\n
Every quarter, before the last day of the month following that quarter (April, July, October, January).<\/p>\n\n\n\n
\ud83d\udc49 Via the OSS portal<\/a> of the Belgian tax authorities, which you can also find on Intervat<\/a>.<\/p>\n\n\n\n\ud83d\udca1 Summary of the four declarations<\/h2>\n\n\n\n