Belgium: IMF comments on fiscal policy
The International Monetary Fund (IMF) issued a staff report on 12 March 2015 in connection with the consultations held with Belgium under Article IV of the IMF’s articles of agreement. Belgium’s government is pursuing policies of
See MoreMorocco and Belgium: Ratification Of Social Security Agreement
On January 21, 2015 the Moroccan Chamber of Counselors approved laws on ratifying a social security agreement (SSA) with Belgium. After the treaty enters into force, the agreement will replace the existing SSA, which was signed in Rabat on June 2,
See MoreBelgium approves DTA Protocol with Greece
On January 30, 2015, Belgium's Cabinet approved the pending Protocol to the Double Tax Agreement (DTA) signed between Belgium and
See MoreDTA between Belgium and the Czech Republic enters into force
The protocol amending the DTA between Belgium and Czech Republic for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income entered into force on January 13, 2015 and will be effective from first
See MoreBelgium – Saudi Arabia Double Tax Agreement initials
In accordance with an update from the Saudi tax authority on 29th December 2014, Saudi Arabia and Belgium has recently initialed a Double Tax Agreement (DTA) after the second round of negotiations towards a
See MoreBelgium: new government agrees on VAT compliance updates
The new government of Belgium has agreed on changes of VAT compliance issues. The changes are: 6% of the reduced VAT rate will be applicable on the expenditure for improvements to homes of at least 10 years old. Previously it was 5 years old to
See MoreBelgium: VAT office guideline on the issue of invoice before taxable supplies
The Belgium VAT office has issued a guidelines regarding VAT treatment for the issuance of invoices before providing taxable supply of goods and services. The existing rules which will be expired at the end of 2014 covering the Belgian advance
See MoreBelgium: Advance invoice rules on VAT will be effective from 2015
The VAT advance invoice rules has been issued by the Belgium tax authorities this week and published as Administrative decision ET. 126.003 of 7 October 2014. This regime will be replaced by the existing guidelines and will be effective from 1
See MoreBelgium: Confirmation to increase VAT registration threshold from 2015
The tax authorities of Belgium confirm its plan to increase VAT registration threshold from 2015. The companies having taxable supplies above €25,000 will need to be registered for VAT from 2015. Previous limit on the 6% VAT rate for renovation
See MoreBelgium: New Coalition government agreed on proposed tax changes
A proposed tax changes has been agreed by the members of Belgium’s new coalition government. They have come to a consensus on changes of corporate tax, VAT and excise tax, Individual Income tax and other taxes. It was proposed that an additional
See MoreSwitzerland- Belgium: ICTT has been approved
The Belgium - Switzerland Income and Capital Tax Treaty (ICTT) of 1978 has been signed on 10 April 2014 and this amending protocol has been approved by the Swiss Federal Council on 19
See MoreBelgium: Value added Tax At-a-glance
The Value Added Tax (VAT) is named in Belgium “Belasting over de Toegevoegde Waarde” (BTW) or “Taxe sur la Valeur Ajoutée” (TVA) and it has been introduced since first January 1971. Value added Tax At-a-glance: Rates: Exemptions 0
See MoreGuernsey signs a TIEA with Belgium
On May 7, 2014 Guernsey signed a tax information exchange agreement (TIEA) with Belgium. The agreement had already been approved by Belgium and signed on April 24, 2014. Agreements on the exchange of tax information allow the tax authorities of both
See MoreIreland – Belgium DTA
Ireland and Belgium signed a Protocol to amend their double taxation agreement (DTA) on April 14, 2014. The new Protocol updates the Article of the treaty in respect of the exchange of tax information, strengthening the measures for information
See MoreBelgium – Tax benefits for investments in economic zones
Belgium has passed legislation providing for tax relief for employers making investments in particular economic zones. The relief is a partial exemption from salary withholding tax in respect of wages paid to new employees who are taken on within
See MoreBelgium ratified the DTA with Bahrain
On April 28, 2014, Belgium ratified the double taxation agreement (DTA) and Protocol signed with Bahrain. No further details of the agreement or Protocol are currently
See MoreExchange of information agreement between Belgium and Cayman Islands
An Exchange of Information Agreement (2014) was signed between Belgium and Cayman Islands on 28 April 2014. This agreement will facilitate the exchange of tax information and thereby help to ensure that it is more difficult for taxpayers to evade
See MoreFATCA agreement between Belgium and the US
An intergovernmental agreement (IGA) between Belgium and the US is to be signed on 23 April 2014 in relation to the implementation of the US Foreign Account Tax Compliance Act (FATCA). The IGA requires the tax administrations of the two countries to
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