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In general, it is not required anymore to pay VAT advances. An exception to this general rule remains the VAT advance to be paid during the month of December.
All businesses with operations and transactions across the European Union (EU) are required to comply with EU VAT rules and regulations. Businesses that, directly or through subsidiary operations, are involved in the movement of goods across EU...
On May 1st, 2019, the new Code of Companies and Associations (hereinafter, « CCA ») entered into force. As mentioned in our previous Tax Insight from June 2019, the Belgian legislator planned a gradual application of the new Code for existing...
The Corporate Governance Commission Corporate Governance has recently published a new governance code, the code 2020.
As before, this code is to be considered as soft law. It is composed of 10 major principles that are compulsory. These principles...
On October 17th, 2019, the Constitutional Court of Belgium annulled the securities tax legislation dd. February 7th, 2018 which entered into force on March 10th, 2018. This tax needed to be paid by persons who held one or more securities accounts in...
Belgian legal entities including non-profit organizations, foundations and trusts ought to submit accurate and up-to-date information about their ultimate beneficial owners in the UBO (Ultimate Beneficial Owner)-Register for the first time before 30...
A no-deal Brexit on 31 October 2019 remains one of the possibilities.
We therefore want to draw your attention to the actions that should be taken to be ready for a no-deal Brexit.
1. What?
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.
