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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...

New exit rules for Belgian tax benefits.

New exit rules for Belgian tax benefits: better to leave on the 15th instead of the 14th? Last week the Belgian tax authorities published an administrative guideline on the prorating and limitation of certain tax benefits, deductions and allowances in case the...

Belgian corporate tax rate cut will impact your director salary.

Belgian corporate tax rate cut will impact your director salary. As from 2018, the standard corporate income tax rate in Belgium drops from 33.99% to 29.58%. That is a flat tax rate of 29% plus a 2% crisis surcharge. In 2020, the corporate tax rate will decrease even...

How bitcoins are taxed in Belgium?

How bitcoins are taxed in Belgium? Bitcoin itself does not really require any introduction. It is a peer-to-peer payment system and digital currency. Often referred to as a ‘cryptocurrency’, because it uses cryptography to control the creation and transfer of money....

Is your UK SIPP subject to the Belgian Cayman Tax?

Is your UK SIPP subject to the Belgian Cayman Tax? Trusts do not exist under Belgian civil law. Belgium does generally recognize foreign trusts and will potentially subject them to both income tax and transfer taxes. To tackle tax evasion and tax avoidance, Belgium...

Interest on late payment of tax: new rules from 1 January 2018

Interest on late payment of tax: new rules from 1 January 2018 A ‘late payment interest’ (LPI) is charged on any income tax or penalty that remains unpaid after it has become due and payable (Article 414 ITC). The current LPI is 7% (a non-deductible expense). The LPI...

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