Belgian tax filing deadline for 2021 approaching!If you plan to file your Resident tax return for income year 2020 (tax year 2021) yourself, you should have normally done so already before 30 June (on paper) or 20 July (online via Tax-on-web). In case you missed the...

Agreement between Belgium and Luxembourg updatedThe Belgian and Luxembourg authorities have recently announced to further relax the so-called ‘24-day rule’. The new agreement will apply as from 1 January 2022 (tax year 2023). In general, Belgian tax residents who work...

Tax authorities are investigating royalty payment schemesUnder certain conditions, Belgian taxpayers can benefit from a very favourable tax regime for personal income resulting from the transfer or assignment of copyrights. Although this was initially only intended...

Is the taxman coming after our Olympic medal winners ?This summer, the Olympic Games took place in Tokyo, Japan, bringing together around 11,000 athletes from all over the world. The Belgian delegation counted 121 athletes – the biggest one since Helsinki 1952. After...

Cannot pay your taxes on time? Request a payment plan!If you are unable to settle your entire tax bill within the first 2 months after you have received it, you can always request a payment plan to avoid further penalties. If you owe a large amount to the authorities,...

Belgian Ruling Commission says crypto mining creates business incomeIn their 2020 Annual Report, the Ruling Commission briefly mentioned that under certain conditions ‘mining’ crypto assets can be considered to generate business income. Miners receive cryptocurrencies...

Belgian inheritance tax discriminatory according to Constitutional CourtOn 3 June 2021, the Constitutional Court ruled that Belgian inheritance tax law is discriminatory to the extent it allows a credit for foreign inheritance tax levied on foreign real estate, but...

Will the Belgian authorities soon be informed of your US business presence ?For a long time, US laws allowed for the creation of shell corporations that did not require to reveal their owners. One could easily open a company in states as Delaware, South Dakota,...

Belgian Ruling Commission confirms tax-free crypto gainsIn the absence of a legal framework and a regulatory body controlling crypto assets in Belgium, we need to rely on the existing general tax and accounting principles. Considering the lack of specific tax rules, a...