Belgium and India signed a protocol to DTA
On 9 March 2017, Belgium and India signed an amending protocol to Double Taxation Agreement (DTA) for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in New
See MoreBelgium: Federal Public Service publishes information on reporting format
The Federal Public Service for Finance of Belgium published guidance on the reporting format as well as examples of frequent scenarios with respect to the Common Reporting Standard for the automatic exchange of financial account information in
See MoreBelgian Council of Ministers approves Multilateral Competent Authority Agreement
On 24 February 2017, the Belgian Council of Ministers approved the Multilateral Competent Authority Agreement on the automatic exchange of Country-by-Country (CbC) reports that was signed by Belgium on 27 January 2016. The agreement will be subject
See MoreBelgium: innovation income deduction bill gazetted
On 20 February 2017, the bill on a new innovation income deduction replacing the abolished patent income deduction was gazetted and the Belgian parliament adopted it on 2 February 2017. The new innovation income deduction applies retroactively from
See MoreBelgium: Parliament adopts draft bill on innovation income deduction
On 2 February 2017, the Belgian parliament adopted the new innovation income deduction, which will replace the abolished patent income deduction. The new innovation income deduction applies retroactively from 1 July 2016. Furthermore, on 2 December
See MoreBelgium ratifies Social Security Agreement with Morocco
On 23 December 2016, Belgium ratified the Social Security Agreement with Morocco, as published in the Belgian Official Gazette of 2 February 2017. Once in force and effective, the new agreement will replace the existing agreement of
See MoreBelgium ratifies Social Security Agreement with Israel
On 23 December 2016, Belgium ratified the Social Security Agreement with Israel, as published in the Belgian Official Gazette of 2 February 2017. Once in force and effective, the new agreement will replace the existing agreement of
See MoreBelgium ratifies Social Security Agreement with Tunisia
On 23 December 2016, Belgium ratified the Social Security Agreement with Tunisia as published in the Belgian Official Gazette of 2 February 2017. Once in force and effective, the new agreement will replace the existing agreement of
See MoreBelgium ratifies Social Security Agreement with Turkey
On 23 December 2016, Belgium ratified the Social Security Agreement with Turkey, as published in the Belgian Official Gazette of 2 February 2017. Once in force and effective, the new agreement will replace the existing agreement of
See MoreBelgium: Key changes of individual taxation for tax year 2017
The Ministry of Finance (MoF) of Belgium issued the indexed amounts regarding the individual income tax for tax year 2017 and assessment year 2018, on 23 January 2017. Key changes are following: Tax rates Taxable Amount (EUR) Rate (%) Up to
See MoreBelgian parliament approves Protocol to DTA with Ireland
On 2 February 2017, the Belgian parliament approved the amending protocol of Double Taxation Agreement (DTA) with Ireland that was signed on 14 April 2014. The ratification of the protocol is required to further approval by the
See MoreBelgium adopted TP documentation
The transfer pricing documentation structure has been implemented in Belgium proposed by the Organisation for Economic Cooperation and Development (OECD). In accordance with the guidance of OECD under Action plan 13, Belgium initiated transfer
See MoreBelgium ratifies TIEA with Aruba
On 12 January 2017, Belgium ratified the Tax Information Exchange Agreement (TIEA) with Aruba. This Agreement provides for the effective exchange of information regarding tax matters between the tax authorities including automatic exchange of
See MoreBelgium: Immovable withholding tax indexation rate of 2017
On 16 January 2017, the Belgian Federal Public Service for Finance issued a circular which discloses the 2017 indexation rate for the immovable withholding tax at 1.7491%. In accordance with the Circular no immovable withholding tax will be due in
See MoreBelgium approves DTA with Russia
On 23 December 2016, the Belgian Council of Ministers approved the double tax agreement (DTA) with Russia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Once in force and effective, the
See MoreUS-Belgium FATCA agreement entered into force
Foreign Account Tax Compliance Act (FATCA) Agreement between United States and Belgium entered into force on 23 September 2016. The agreement was signed on 23 April 2014 for implementation of the Foreign Account Tax Compliance Act
See MoreBelgium: CbC reporting deadline extended
The Federal Public Service of Belgium declared an extension of the deadline until 30 September 2017 to inform the tax administration that the parent corporation will file a consolidated country by country (CbC) report for the year 2016 in another
See MoreBelgian circular on individual taxation
The Belgian tax administration published a Circular on the taxation of non-resident individual taxpayers on 9 December 2016. A division is made between 3 groups of non-resident individuals that contains (a) non-residents obtaining 75% of their
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