Belgian royals to start paying taxes: What a great gift to birthday boy King Albert
 |
| Belgian Royal Family to start paying taxes. Image credit: Almanach de Gotha |
Finally, Belgium’s royals will have to pay taxes. Since the
kingdom was granted independence in 1830, not a single member of the royal
family has contributed a cent to the state coffers. Now, that is going to
change.
The coalition government has
already approved the reform.
Expactica.com reports
His Majesty, however, receives an annual tax-free allowance of 11.5 million
euros ($15 million). This exemption has been possible because the constitution any
rules for the reigning royal to be altered.
However, the other members of the king’s family will be hard-hit
by this household reforms, including his children and his sister-in-law, Queen
Fabiola.
Crown Prince Philippe, who receives receives around 923,000
euros a year, will have to adjust to a reduced circumstances. Under the new
law, he will only receive a gross salary of 180,000 euros. And that could
dwindle further after tax. However, any amount paid for staff and meeting
household expenses in relation to their job as working royals shall be tax
exempt, although the government will still keep a scrutinizing look at their
accounts.
The king’s younger children, Princess Astrid and PrinceLaurent, will each receive a gross salary 90,000 euros.
Meanwhile, the king’s frail and wheelchair-bound
sister-in-law, Queen Fabiola, window of King Baudoin, saw her annual stipend slashed
from 1.4 million euros to 923,000 euros.
The dowager queen was criticized lately after she decided to
set up a private foundation that will take charge in disbursing her estate to
her nephews and for Catholic charities upon her death. However, critics were
quick to point out that the foundation is actually intended to funnel the funds
to her Spanish relatives so she could avoid paying 70 percent death duties
currently implemented in Belgium.
The recent rules however provided that the surviving spouse
of a sovereign will only receive an amount equal to two-thirds of what an heir
to the throne receives for 10 years. Afterwards, the amount will be slashed to just
half of it.
In the future, the government will only pay for the
allowance of the heir to the throne.
You might also want to read:
- Prince Laurent discharged from hospital
- Prince Laurent of Belgium hospitalized after skiing accident
- King Albert attends tribute to the unknown soldiers
- Princess Astrid of Belgiums Pleas for Support Against Malaria
- Queen Fabiola's inheritance plan earns rebuke
Comments
Post a Comment