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A survey by market research company Ipsos showed that nearly four in ten Belgians received money as an end-of-year gift. The question now arises: Do you have to inform the tax authorities that you have received cash? Is it permissible for her to collect taxes on it?
Why is this important?
We pay less and less in cash, but some traditions still remain. For example, a large number of Belgians still give money as gifts during the end-of-year period.In the news: 38 percent of our citizens received cash as a gift during the end of last year. This is evidenced by a survey conducted by Ipsos among 1,600 Belgians.
- Batopin, a network of bank-neutral ATMs in Belgium, points out that cash still plays 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 do this
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