10% of Belgian business' do not file their taxes

10% of businesses in Belgium fail to complete their tax returns. The alarming statistic was aired by Finance Minister Didier Reynders in response to a parliamentary question. The news was broken by the Flemish daily, De Tijd, on Wednesday.
Figures from tax year 2005 show that 38,950 of the 350,000 registered companies in Belgium failed to submit their tax returns. Slightly fewer than 22,000 self-employed persons also neglected to meet their fiscal obligations. READ ON