Belgium offers incentives for start-ups
In April 2015, the government of Belgium disclosed a tax shelter plan for the digital economy. If certain conditions are met, this plan provides that investments in new shares of start-ups will be eligible for a tax relief of 30% (SMEs) or 45%
See MoreBelgium issued new rules on CbC reporting and TP documentation requirement
Belgium issued regulation to introduce a requirement for a master file and a local file for MNC group resident in Belgium if it satisfies one of the three thresholds like a sum of operational and financial income of €50 million; or a balance
See MoreBelgian Government approved new draft legislation to implement TP documentation and CbC reporting requirements
The Government of Belgium has approved new draft legislation to effectively implement CbC reporting and introduce formal transfer pricing documentation requirements in Belgium. The draft legislation is according to 3 tiered approach of Action 13 of
See MoreBelgium would introduce Cbc reporting and transfer pricing documentation requirements
A draft law that would introduce country-by-country reporting and formal transfer pricing documentation requirements at present is in the process of being finalized in Belgium. Cbc reporting Belgium has proposed draft legislation to introduce the
See MoreBelgium: Parliament approved a new tax on banks and insurance companies
The parliament of Belgium approved a new tax on banks and insurance companies and will be effective as from assessment year 2016. The new tax will be imposed on credit institutions and insurance companies that exercise activities within the Belgian
See MoreProtocol to treaty between Austria and Belgium approved by Belgium
On 5 June 2015 the Belgian Council of Ministers approved the amending protocol, signed on 10 September 2009, to the Austria - Belgium Income and Capital Tax Treaty (1971). The protocol will be subject to the approval of the parliaments of the
See MoreProtocol to treaty between Belgium and Vietnam approved by Belgium
The Belgian Council of Ministers approved the amending protocol to the Belgium-Vietnam double tax agreement on 3 April 2015. The amending protocol was signed on 12 March
See MoreBelgium: Council of Ministers Approves Protocol to Treaty between Belgium and Rwanda
The amending protocol to the income tax treaty between Belgium and Rwanda was approved by the Council of Ministers on 13 March 2015. The protocol was signed on 17 May
See MoreBelgium: 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
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