News

You’ve got mail If you live in another country, but you earned income from a Belgian source in 2022 (e.g. employee salary, statutory pension, rental income, etc.), the Belgian tax

More and more popular Exchange-Traded Funds (ETFs) have become very popular in recent years as they allow you to invest at low cost in a diversified way. Their annual fees

Standard practice Taxpayers that are subject to a tax audit often face a tax increase and/or administrative penalties. In practice, a tax increase is used more often than an administrative

Virtual residency For almost 10 years now, Estonia offers an E-residency program to foreigners which allows them to create a government-issued digital identity in the country. You do not even

FATCA reporting FATCA or the ‘Foreign Account Tax Compliance Act’ provides for the exchange of information with the IRS relating to US citizens residing abroad for the purpose of combating

Basic Energy Package In 2022, the Belgian Government announced a wide range of measures to assist Belgian households facing exorbitant energy bills due to the global crisis. A Basic Energy

If you lived in Belgium in 2022 or arrived in the country last year, you might have already received an online notification from the Belgian authorities that your 2022 tax

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