It is a short-term financing solution that helps you spread the burden of your advance tax payments through fixed monthly instalments, while keeping your liquidity available for other business needs.
Read the Information Sheet (PDF) ING deposits your full estimated taxes, or a partial amount, directly to the Federal Public Finance Service advance payments desk on the first official due date of your tax prepayment (10 April or the 10th day of the 4th month of your financial year). Your loan will be automatically renewed each year with the option to modify your contract.*
"}},{"title":"What amount can I borrow and what are the repayment terms?","richBody":{"value":"You can borrow from 1,250 euros upwards. Repayment is made in monthly instalments over 8 to 12 months. ING offers two structures: full financing, or partial financing with a deposit-stage-payment structure
"}},{"title":"What is the interest rate?","richBody":{"value":"Your interest rate is calculated annually according to current market rates. All interest payments are tax deductible as a business expense. Your tax prepayment is sent to FPS Finance before the due date, allowing you to avoid the statutory tax-rate surcharge.
"}},{"title":"What are the fees?","richBody":{"value":"No arrangement fees apply. Both the interest and loan payments are tax-deductible under Belgian business law.
"}},{"title":"Is the loan renewed automatically?","richBody":{"value":"Yes. The loan contract is renewed annually at maturity unless you request changes. Your interest rate is calculated annually according to current market rates.
"}},{"title":"What are the different repayment structures?","richBody":{"value":"ING offers two financing structures: at classic tax prepayment loan and at deposit-stage-payment loan.
Choose between 2 formulas:
ING Tax Prepayment Loan (classic annual formula)
ING deposits the full amount of your estimated taxes to the Federal Public Finance Service advance payments desk on the first official due date (10 April or the 10th day of the 4th month of your financial year).
You repay the loan in 12 fixed instalments.
Apart from the interest, there are no other charges for this loan. The full interest amount is tax-deductible in the same financial year in which it is paid.
ING Deposit-Stage-Payment Loan
ING deposits a partial amount of your estimated tax obligation to the Federal Public Finance Service advance payments desk. This is done on the first official due date of your tax prepayment(10 April or the 10th day of the 4th month of your financial year).
This tax-prepayment option consists of a 4-month ‘deposit’ phase and an 8-month ‘repayment’ phase. Your first 4 fixed monthly payments take place in the 4 months before the official due date. The amounts are automatically withdrawn from your ING account and deposited into a (non-interest-bearing) term account. ING transfers this partial amount of your estimated taxes to the Federal Public Finance Service advance payments desk on the first official due date of your tax prepayment (10 April or the 10th day of the 4th month of your financial year). You then pay the remaining 8 fixed monthly instalments (“repayment phase”).
Apart from the interest, there are no other charges for this loan. And the interest is tax-deductible as a business expense.
* ING reserves the right to cancel and/or suspend the revolving nature of the contract in the event of unfavourable element(s).
"}},{"title":"How can I apply for an ING Tax Prepayment Loan?","richBody":{"value":"If you're an ING customer, you can apply instantly online via Instant Lending to borrow an amount starting at €1,250 and up to €500,000. For larger amounts or if you are not yet an ING customer, contact our Business Credit Center for a tailored financing solution.
Apply here if you are an ING-client
Apply here if you are not yet ING-client
Read the product fact sheet (PDF).
"}},{"title":"What is the legal information?","richBody":{"value":"
Loan offers are reserved for private individuals over 18 years of age and for legal entities, and are for professional purposes. Offers are on condition of prior acceptance of your application by ING Belgium and by mutual agreement. The general terms and conditions of ING loans are available at all ING branches and on www.ing.be.
ING Belgium SA/nv – Bank/Lender – Registered Office: Avenue Marnix/Marnixlaan 24, B-1000 Brussels.
"}}]}]}}}