Tax Insights

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

Assessment year 2019

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). 

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.