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Latest news & developments

Frequently Asked Questions on Belgian UBO register: new update

19 July 2019

In previous news flashes we already informed you about the implementation of the UBO register, the extension of the first registration deadline and a first update of the frequently asked questions.  After a first update on 2 April 2019, the Federal Public Service Finance (FPSF) published a new version of the frequently asked questions (FAQ) on

New lump-sum amount for reimbursement of business use of private car

30 June 2019

Employees using a privately-owned car for business purposes can now be reimbursed a lump-sum amount of EUR 0,3653 per kilometer. Costs that an employee incurs when using a privately-owned car for business purposes can be reimbursed by the employer free of income tax and exempt from social security contributions. Repayment can be made on a

Belgian Ratification of the MLI: Ratification document deposited at OECD on 26 June 2019

27 June 2019

On 6 June 2019, the legislative documents implementing the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (also known as the MLI) were finally approved by all six legislative authorities in Belgium. The Belgian law ratified the full application of the MLI and its Explanatory Note, the reservations and notifications made by

Filing of your statutory financial statements – due date of 31 July 2019 is approaching!

20 June 2019

Statutory financial statements As you are probably aware, Belgian companies should deposit their statutory financial statements annually with the National Bank of Belgium. Filing should be done within 30 days after the financial statements have been approved by the Annual General Meeting of Shareholders and certainly not later than 7 months after the end of

Gentlemen’s agreement Belgium-Luxembourg: a new chapter for cross-border workers

20 June 2019

On 16 May 2019 the Luxembourg Prime Minister Xavier Bettel and the Belgian Prime Minister Charles Michel have agreed to reopen negotiations regarding the double tax treaty concluded between Belgium and Luxembourg, with respect to the taxation of individuals working in a cross-border context. Belgian-Luxembourg double tax treaty In principle, employees who are tax resident

Limitation of tax losses in case of partial demerger

18 June 2019

A partial demerger is a transaction whereby part of the assets and liabilities of the partially demerged company are transferred to another (acquiring) company, which (in principle) issues shares to the parent company of the partially demerged company. In case of a tax-neutral partial demerger, the carried forward tax losses of the partially demerged company