Month: July 2019

The increase is due to the halving of the tax-free bracket that the government implemented at the end of 2017. In 2017, interest on savings accounts was still exempt from withholding tax up to 1,880 euros. In 2018, the tax-free bracket was set at 960 euros. At a savings interest rate of 0.11 percent, EUR… Continue reading

Of the 18.7 million current accounts held by Belgians, about 1.2 million were in the red at the end of 2019. That equates to 6.4 percent of the bills. The trend is clearly declining, because at the end of 2014, 9.4 percent of the 16.2 million current accounts were still in the red, according to… Continue reading