Belgium: Transition regime related to VAT
A transition regime in relation to VAT is being extended by the Belgian authorities during 2014. The regime permits taxpayer an opportunity to apply new rules for deciding the point in time when VAT is chargeable on invoices issued in advance of
See MoreBelgium: Extension of tax-on-web filing deadline
The deadline for filing individual income tax declarations via the Finance Ministry’s Internet portal tax-on-web is extended. And it is published by the Belgian Ministry of Finance. And, until October 31, 2013 the tax-on-web filing deadline will
See MoreBelgium: Expanding the list of compensation subject to social security
Recently, a royal decree has been published in Belgium, altering the social security regime for certain out-of-service compensation from 1 October 2013. The range of compensation subject to social security contributions has been broadly extended.
See MoreProtocol to DTA between Belgium and San Marino in Force
The Ministry of Finance of Belgium announced on 18 September 2013 that the protocol to the agreement for the avoidance of double taxation between Belgium and San Marino entered into force on 18 July 2013. The protocol was signed on 14 July
See MoreProtocol to DTA between Belgium and Denmark in force
The Ministry of Finance of Belgium pronounced on 18 September 2013, that the protocol to the agreement for the avoidance of double taxation with Denmark entered into force from 18 July 2013. Also the protocol was signed in 7 July 2009 and this
See MoreIncome Tax Treaty between Belgium and Uruguay signed
The Income Tax Treaty between Belgium and Uruguay was signed on 23 August 2013. Under the treaty the definition of a permanent establishment includes a building site, construction or installation project that continues for six months. The definition
See MoreBelgium: Notional interest deduction rate
June 2013 Legislation modifies the method which is used to calculate and determine the rate of the notional interest deduction. On the basis of the average return of the 10-year government bond (OLO) in the months July, August and September it is
See MoreBelgium – Clamping down on tax evasion and tax fraud
There has recently been concern internationally about tax evasion and fraud, and many countries have increased their efforts to trace income of their residents that has been illegally concealed in tax havens in an attempt to evade taxes. As a result
See MoreBelgium: Introduction of “fairness tax” on companies
The Belgian government has introduced a “fairness tax” on companies. Due to compensation for losses or notional interest deductions, if companies dividends are paid and corporate tax is not paid, will be liable to pay this fairness tax. In an
See MoreBelgium: No credit for withholding tax on dividends
Belgium has affirmed that 25% withholding tax imposed on dividends if those dividends are received by Belgian investment companies would no longer be creditable and refundable. This would implement a decision of the European Court of Justice and
See MoreBelgium: Approval of “Fairness tax” on corporations
The tax measures under the budget control proposals previously announced by the Belgian government were adopted on 18 July 2013 by Parliament.The new “fairness tax” is included in the measures. Imposition rate of the fairness tax will be 5.15%
See MoreBelgium: Proposes legislative changes to various tax measures
Pursuant to budget control provisions for 2013 and the budget for 2014, the Belgian government has agreed to change certain tax measures during the legislative process. A special contribution of 5% which is known as the “Alternative minimum tax”
See MoreBelgium: Enactment of corporate income tax, individual tax and VAT measures
The Law containing tax and financial measures and measures regarding sustainable development was published on 28 June 2013 in the Belgian Official Gazette. Resident companies and permanent establishments are currently able to deduct 80% of R&D
See MoreECJ: Ruling on freedom of provision of services by banks
The European Court of Justice (ECJ) ruled on 6 June 2013 in Commission v Belgium (C-383/10) that Belgium had failed to fulfill its responsibilities under Article 5 of the Treaty on the Functioning of the European Union (TFEU) and Article 36 of the
See MoreBelgium: New tax measures for 2013
Belgium’s Council of Ministers recently reached agreement on new tax measures for 2013. The Belgian government has already confirmed plans to increase the minimum wage and to reduce employer contributions from April 1. These measures are intended
See MoreBelgium: Agreement on tax measures for budget 2013
The Federal Government of Belgium has recently come to an agreement on the tax measures in the Budget 2013. This includes changes to the corporate tax rate and the withholding tax rate. There are also some indirect tax measures but those are not yet
See MoreIreland: New DTAs with Thailand and Ukraine
The Irish tax authority has confirmed in a recent update that the nation has concluded negotiations towards new double taxation agreements (DTAs) with Thailand and Ukraine, and towards revised agreements with Belgium and
See MoreUnited States and Belgium have agreed to expand the scope of their DTA
The US tax authority, the Internal Revenue Service, announced on August 20, 2012, that the United States and Belgium have agreed to expand the scope of their 2006 double taxation agreement (DTA) to also include taxes imposed at municipal level in
See More