Belgians Receiving Cash Gifts: Do You Have to Declare Them to the Tax Authorities?

by Niels Saelens
published on Wednesday, January 17, 2024 at 5:44 PM •
3 min read

A survey by the market research company Ipsos shows that almost four in ten Belgians have received money as an end-of-year gift. Now the question arises: do you have to inform the tax authorities that you have received cash? And can it collect taxes on it?

Why is this important?

We pay less and less with cash, but some traditions still remain. For example, a significant number of Belgians still give cash as gifts during the end-of-year period.

In the news: 38 percent of our compatriots received cash as a gift during the past year-end period. This is evident from a survey by Ipsos among 1,600 Belgians.

• Batopin, the network of bank-neutral ATMs in Belgium, notes that cash continues to play a major role in our society, despite the rise of electronic and digital payments. “We want to continue to give cardholders from all banks easy access to cash. By the end of 2025 we will o

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2024-01-17 16:44:12
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