Taxation of associations

As a general rule, associations are non-profit. However, many associations carry out activities that allow more or less significant income to be gained, especially when the members are very active and the association in question begins to make a name for itself in its field of investigation.

When an association has lucrative activities, it becomes immediately taxable. This is easily reflected. It is not possible for associations to hide. Just by organizing a party, it is essential to make requests for room rental. This is why the leaders of the association must think about declaring the income so as not to have tax problems.

When the turnover for the last closed financial year is however less than or equal to 84,000 euros, the association is not subject to tax.

An association with lucrative activities is generally subject to corporation tax.

There is also taxation on income from assets. This taxation is mandatory for activities such as financial investments, real estate rental, etc. In this specific case, all taxation is done in compliance with the principles and conditions of common law.