Tax Insights

Tax Insights February 2021 - Non-recurring result-tied benefits (CBA 90 bonus)

9 February 2021
The non-recurring result-tied benefit is a collective bonus related to the achievement of certain objectives which are obviously uncertain at the time of implementation of the bonus plan.

Tax Insights January 2021 - Register of Ultimate Beneficial Owner (UBO Register): annual confirmation of information and supporting documents

19 January 2021
The implementation of the Belgian UBO register has been a saga of many twists and turns. The deadline for the registration of the information in the UBO register was postponed three times and the FAQ’s published by the tax authorities was updated several times. However, there are still a lot of technical problems with the UBO platform.

Tax Insights January 2021 - The Belgian tax administration will determine cadastral income of foreign real estate properties

8 January 2021
The Belgian tax administration will determine the notional rental value or so-called cadastral income of foreign real estate properties that are rented out by Belgian residents.

Tax Insights November 2020 - Double taxation on French dividends – the Belgian tax authorities condemned again

27 November 2020
On October 15th, 2020, the Belgian Court of Cassation, the highest court in our country, ruled for the second time that the double taxation of French dividends is not in accordance with the law. Currently, the Belgian tax authorities impose a tax of 30 % on net French dividends received by individuals considered to be resident in Belgium for tax purposes.

Tax Insights November 2020 - VAT - 6% on demolition and reconstruction works

13 November 2020
The Council of Ministers reached a new agreement on the application of the reduced VAT rate of 6% to the demolition and reconstruction of private dwellings.

Tax Insights September 2020 - Corporate Income Tax support measures in the context of the Coronavirus - Update

15 September 2020
With the  Act of 15 July 2020 containing various tax measures with respect to the COVID-19 pandemic, also known as “Corona Law no° 3”, the Belgian federal Parliament decided to adopt several tax measures in order to soften the impact of the COVID-19 crisis on our business activity and economy.

Tax Insights August 2020 - COVID VAT measures: No December VAT advance payment required in 2020

26 August 2020
Since the abolishment of the monthly VAT advance payments, all taxable persons filling VAT returns in Belgium had to pay a December VAT advance ultimately 24 December, if their Q3/November VAT return results in a payable position. The advance payment is in principle equal to the VAT payable resulting from the Q3/November VAT return.

Tax Insights July 2020 - New Covid-19 Measures - Corporate and Non-Resident/Corporate Taxes

9 July 2020
The Coronavirus crisis is having a considerable impact on the Belgian economy. Many companies are on the verge of bankruptcy while others are struggling to turn their financial situation around.

Tax Insights June 2020 - Summer scheme for VAT reporting obligations

29 June 2020
During the summer holidays, it can often be difficult for businesses to ensure proper monitoring of their VAT obligations. 

Tax Insights June 2020 - Coronavirus (Covid-19): potential impacts on transfer pricing

12 June 2020
The spread of the coronavirus has a far-reaching impact on business and society all over the world. Countries have taken extensive measures to fight this virus. As several of these measures entail countries closing their borders, international business has become very difficult, if not impossible.

Tax Insights June 2020 - The impact of the coronavirus on international employment: Belgium agrees upon exceptional measures with neighbouring countries with respect to international taxation

11 June 2020
The spread of the coronavirus has a far-reaching impact on business and society all over the world. Countries have taken extensive measures in order to fight this virus. As several of these measures entail countries closing their borders, international business travel has become very difficult, if not impossible.

Tax Insights June 2020 - Coronavirus: temporary VAT reduction in hotel and catering sector

9 June 2020
Hereby, we would like to inform you about some new support measures introduced by the Belgian tax administration in the context of the Corona crisis.

Tax Insights May 2020 - Coronavirus: 6% on surgical masks and hydro-alcoholic gels

18 May 2020
Hereby, we would like to inform you about some new support measures introduced by the Belgian tax administration in the context of the Corona crisis. On 5 May 2020, the Belgian tax administration provided for a temporary reduction in the VAT rate for hand grips and mouth masks (Royal Decree 5 May 2020, Circular 2020/C/65). 

Tax Insights May 2020 - COVID-19: Reduction of property tax due to unproductivity

18 May 2020
In the wake of the Coronavirus pandemic, Belgian federal and regional authorities launched a series of measures aimed at softening the financial impact of the crisis, providing companies some well-needed breathing room in the form of various tax filing and payment deadline extensions.  

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