NEWS

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No tax increase for insufficient director salary.

No tax increase for insufficient director salary. As we highlighted before, the recent corporate tax reform increased the minimum executive remuneration from € 36,000 to € 45,000 (i.e. salary and benefits in kind). This measure was introduced to prevent individual...

Business expense allowance for freelancers.

Business expense allowance for freelancers. As from tax year 2019 (income year 2018) self-employed individuals and independent contractors can benefit from the same business expense allowance as employees. Before, freelancers were always required to prove their actual...

New rules for benefits paid by affiliated companies abroad.

New rules for benefits paid by affiliated companies abroad. Social security: extended interpretation of ‘salary’ Only recently, the Belgian authorities have amended their interpretation of the definition of ‘salary’ for social security purposes (Administrative...

Belgian tax on securities accounts: also for expats?

Belgian tax on securities accounts: also for expats? The Belgian law implementing a tax on securities accounts (TSA) has been adopted back in February 2018. As a reminder, the TSA is a new tax levied at the rate of 0.15% on the total value of in-scope securities held...

Belgian tax treatment of foreign real estate incompatible with EU law.

Belgian tax treatment of foreign real estate incompatible with EU law. Already in 2007, the EC pointed out that an incompatibility arises from the different methods of calculating taxable income depending on whether the real estate is located in Belgium or in another...

Do not forget to file your annual VAT listing.

Do not forget to file your annual VAT listing. In addition to your monthly or quarterly VAT filing, VAT payers are also required to file an annual return quoting their VAT taxable clients or customers (annual VAT sales listing). The deadline is 31 March of the...

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