News

What? On 14 February 2023, the EU Member States (‘Code of Conduct Group’) published their latest update of those countries that do not (sufficiently) comply with tax good governance standards.

General principle EU Regulation Nr. 883/2004 generally stipulates that an employee is only subject to the social security legislation of one EU Member State, which is usually the country where the employee

Discriminatory We have outlined before that financial support payments (or alimony payments) can be deducted from your taxable income in Belgium, up to 80% of the amount paid, provided that some specific conditions are met. However, for Non-Resident Taxpayers this was only allowed

Organization In view of a proper functioning of the European Institutions, a ‘European School’ was set up in 1957 for the education primarily of children of staff members of the European institutions.

Organization The World Bank is a specialized organization of the United Nations (UN) that provides loans and grants to low- and middle-income countries. Its initial goal was to reduce poverty

Relevance Before we can advise clients on their global tax situation, it is essential to understand where they are tax resident. Tax residence is the country where you are legally required to pay

Summary Recently, a new law was published for Researchers and Trainees who come to Belgium as non-EU nationals. These categories will soon be able to obtain a Single Permit which allows them to be active

Internal audit About 500,000 Small and Medium Companies in Belgium file a corporate tax return every year. The 14 different SME Centers check about 10% of those, spread throughout the country. Due to staff reductions the last few

Situation Since 2022, a new tax regime applies to ‘inbound taxpayers’ (employees and directors) and ‘inbound researchers’ (employees) that come to work in Belgium. The scheme allows for part of

What is CRS? The exchange of taxpayers’ information between countries based on the Common Reporting Standard (CRS) is a global standard on the automatic exchange of financial data. The CRS

Recap When you buy real estate in Brussels (and in Belgium in general), you need to pay a 12.5% transfer tax on the purchase price due the passing of the

In the war for talent, Belgian start-ups are under heavy fire from global tech companies. Stock options are essential in attracting new people, but many claim that the Belgian system

Worldwide assets If you are domiciled in Belgium when you pass away, your worldwide assets are normally subject to Belgian (regional) inheritance taxes. A different set of rules and tax

Transfer tax When you buy real estate in Belgium, you need to pay a transfer tax on the purchase price due the passing of the ownership title from the seller

MiCA framework Already in 2020, the EC introduced its proposal for the Markets in Crypto-Assets Regulation (MiCA) as part of its digital finance strategy. MiCA provides a legal framework for

Individual or legal entity You should not necessarily be a high-earning multinational executive operating in different countries before triggering a cross-border tax issue. When you are the sole owner and

Several clients who drive a company car, have recently been fined for about 509 EUR because they forgot to disclose the identity of the driver when paying an earlier traffic

When your tax bill arrives, you normally have two months’ time in Belgium to make a payment. This applies to both Personal and Corporate Income Tax, for both Resident (R)