Belgium – Andorra DTA negotiations
Following a meeting on 14 January 2014, it has been confirmed that Belgium and Andorra will negotiate a double taxation agreement
See MoreBelgium: Simplified Tax Return
Belgium will extend the number of taxpayers eligible to receive a pre-completed, simplified income tax declaration; such tax returns will reduce and simplify reporting requirements for taxpayers. From the 2014 tax year the target group will include
See MoreBelgium: New tax rules on notional interest, small companies and withholding tax
The Official Gazette issue of 31 December 2013 notifies some new tax rules. The first measure aligns the rules relating to notional interest deductions (NID) with the judgment of the European Court of Justice in the Argenta Spaarbank case. The NID
See MoreBelgium: Rules for “self-billing” for VAT purposes
The Belgian fiscal administration has issued guidance on the application of a “self-billing” system for value added tax (VAT) purposes. The Belgian self-billing rules enable a customer to issue an invoice in respect of the supplier, for supplies
See MoreBelgium: Proposed changes to expatriate tax rules
The Belgian government has proposed legislation to amend the rules for determining the non-resident individual (personal) income tax as applicable to expatriates. Proposed changes include the repeal of personal exemptions for expatriates benefiting
See MoreBelgium: Increase in resident VAT registration threshold
Belgium has proposed an increase in the resident EU VAT registration threshold. This will rise to EUR 15,000 from the current EUR €5,580 at a date in early 2014 to be confirmed. The European Commission to reduce the compliance paperwork and
See MoreProtocol to treaty between Belgium and Japan
For the entry into force of the Protocol amending the Double Taxation Agreement (DTA) between Japan and Belgium, mutual notification procedures were completed on 27 November 2013. The Protocol will enter into force on December 27, and in the case of
See MoreBelgium: Cornerstones of savings tax reform is unveiled
A draft banking law is introduced by the Belgian Finance Minister.The Minister also confirmed has a plan to extend the favourable tax regime which is currently benefiting savings account interest in order include other types of savings and
See MoreBelgium increases withholding tax exemption for SME employers
A draft Royal Decree is approved by the Council of Ministers. It is relating to an increased exemption from professional wage-withholding tax (précompte professionnel) only for employers in the small- and medium-sized enterprise (SME) sector. For
See MoreBelgium: Documentary proof for intra-community VAT exemption is clarified
The Belgian VAT office is compelled to change its guidance regarding the requirements for the application of the VAT exemption on intra-community supplies. To enable suppliers of goods or services a number of conditions are set out under the EU
See MoreBelgium: Royal Decree on tobacco tax rise
A draft Royal Decree, regarding tax rise on tobacco is approved by the Belgian Council of Ministers. As a result, the excise duty on cigarettes will be fixed at EUR 6.8914 (USD 9.2) per 1,000 pieces from 1 January 2014, and the special excise duty
See MoreBelgium: Enhancement of employers’ social security tax break
A draft Royal Decree is approved by the Council of Ministers of Belgium with a purpose to strengthen the structural reduction of employers’ social security contributions. An increased rate of structural reduction of employers’ social security
See MoreBelgium confirms withholding tax rate changes
Belgium has decided to reduce the rate of withholding tax levied on small- and medium-sized enterprise (SME) dividends from 25 percent to 15 percent; and it is a confirmation from The Belgian Prime Minister. In order to encourage entrepreneurs to
See MoreBelgium: EC investigates R&D incentives, tax exemption
An “in-depth investigation” is launched which will determine whether Belgium’s implementation of a system of support for innovative companies i.e., research and development (R&D) incentives is consistent with the EU rules on state aid. It
See MoreBelgium: Tax simplification bill
The Belgian Council of Ministers has given approval of the tax simplification bill. According to the bill, any individual for signing a contract last year for the construction of a low energy home will benefit from the tax reduction applicable for
See MoreBelgium: Audits on corporate withholding tax
The Finance Ministry of Belgium has unveiled plans to tighten the rules next year for companies which fail to settle their professional wage-withholding tax obligations for compensation paid out to company directors. The requirements are not being
See MoreBelgium – Hospitality Tax Bill
The Belgian Senate has approved the bill submitted by the Belgian Finance Minister that is designed to reduce the tax burden on the country's hotel and catering industry (Horeca). The bill introduces a new fiscal and social regime for occasional
See MoreBelgium: Rules to calculate the notional interest deduction
The Belgian tax law is going to be amended to revise to the method of calculation of the notional interest deduction. Responding a judgment of the Court of Justice of the European Union (CJEU), the Belgian tax rules are being amended. This judgment
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