US-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
See MoreDraft bill of program law adopted by Belgian parliament
In December 2016, a draft bill of program law was submitted to the Belgian parliament and it contains the tax measures, including an increase of the standard withholding tax rate on dividends, interest and royalties from 27% to 30%. The measures
See MoreBelgium: Various tax bill adopted by parliament
On 15 December 2016, the Bill on various tax and other measures, including the furthering of crowd funding, was adopted by the parliament and published in the Official Gazette of 21 December
See MoreBelgium: New changes in anti-hybrid and anti-abuse rule
According to official gazette published on 8 December 2016, in Belgium, legislation implementing changes to the “Parent-Subsidiary directive” and introducing a spread or installment payment regime relating to the exit tax liability. The law
See MoreBelgium launches broader innovation deduction
The Government of Belgium formally pronounced the innovation deduction as the successor of the Belgian patent income deduction on 2 December 2016. The new regime is intended to increase the competitiveness of the Belgian economy while complying with
See MoreBelgium issues TP documentation forms and instructions
During June 2016, Belgium has introduced mandatory transfer pricing documentation and country-by-country (CbC) reporting requirements in accordance with Base Erosion and Profit Shifting (BEPS) Action 13 of the Organisation for Economic Co-operation
See MoreProtocol to DTA between Belgium and Canada approved
The Belgian parliament has approved the amending protocol of Income and Capital Tax Treaty (2002) between Belgium and Canada on 24th November 2016. It was signed on 1st April 2014 for the avoidance of double taxation and the prevention of fiscal
See MoreFederal government of Belgium reached agreement on tax measures
On 15 October 2016, in a press briefing details of several tax measures were presented regarding an agreement reached by the government. The most important measures include: an increase of the standard rate of withholding tax on dividends,
See MoreBelgium 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
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