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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...

No more double taxation for staff members of Belgian embassies abroad

No more double taxation for staff members of Belgian embassies abroad. Staff members of a Belgian embassy that work in a country that has no double tax treaty with Belgium, will no longer have a risk of being taxed twice (namely in Belgium and in their own country)....

Belgian corporate tax reform

Belgian corporate tax reform About a year after first presenting his ambitious corporate tax reform plan, the Belgian Finance Minister has now given the green light to implement a general tax reform as from 2018. Most new measures were copied from last year's...

Stock options & management companies

Stock options & management companies In a circular letter of 13 April 2017 (nr. 2017/C/21), the Belgian tax authorities further clarify the tax treatment of stock options granted to managers who work with a management company. According to the Belgian stock option...

VAT advance payments abolished as from 1 April 2017

VAT advance payments abolished as from 1 April 2017 To further simplify Belgian VAT compliance, the tax authorities have announced that the advance VAT payments required of taxpayers that file quarterly VAT returns, will be abolished as from 1 April 2017. In other...

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