Vlamingen who inherit undeclared funds can now regularize them again. This decision was confirmed to our editorial team. The Flemish government imposes a 40 percent tax on the money intended for laundering, significantly higher than before.
Eligibility for Regularization
Those eligible for this process include individuals who have inherited black money. The regularization allows them to bring this money into the open legally.
The previous tax rate for regularization was notably lower. The current 40 percent tax signifies a considerable increase, which may impact the decisions of those considering this option.
Impact of the New Tax Rate
The increased tax rate could deter some individuals from proceeding with regularization. It remains to be seen how this change will affect the overall response from the public regarding inherited funds.
