RSM Belgium informs you
All vouchers issued after 31 December 2018, will be subject to a new VAT regime, as determined by Directive 2016/1065/ EU. Although this Directive has not yet been transposed into the Belgian VAT legislation, we hereby provide you with the key elements.
In the context of anti-money laundering legislation, the Belgian Act of 18 September 2017 implementing the fourth anti-money laundering directive (Directive 2015/849 of the European Parliament and the Council of 20 Mei 2015) planned the constitution of the “ultimate beneficial owners” Register (so-called “UBO Register”).
The Belgian social security authorities have changed their administrative instructions last month: when a foreign mother company grants shares to employees of the Belgian subsidiary, Belgian social security contributions are due.
The costs for meals, beverage, local transport, tips and other small expenditures on site made by an employee who travels abroad for professional purposes, can - with due respect of the conditions - be compensated by the employer on a lump sum basis.
During the latest budgetary discussions, the Belgian government has decided to introduce a reporting and withholding obligation in case foreign group companies grant shares and benefits in kind to employees of the Belgian subsidiary.
RSM Belgium informs you
According to the Minister of Finance, VAT fines are often too stringent not only in terms of the amounts, but also because the nature of the offence is not (always) taken into consideration. Hence, the Minister has instructed his administration to develop a new policy to deal with this problem.
At the end of last month, the Belgian government approved a legislative proposal for the implementation of a mobility budget as from October 1st, 2018. This mobility budget can serve as an alternative for the company car. Employees can return their company car in exchange for an annual budget which they can freely spend on sustainable mobility.
We inform you that there will be some modifications to the Intrastat returns due to the European reform. The Intrastat dispatches return will include two additional fields:
- the country of origin of the goods;
- the counterparty’s VAT identification number.
Taxable persons often incur foreign VAT during an accounting year. This foreign VAT cannot be recovered via the reporting in the periodic Belgian VAT return but is to be recovered via the so-called 8th Directive VAT refund procedure.