VAT on Advance Invoices
Further to a recent answer by the Minister of Finance, Mr. Koen Geens, to a parliamentary question raised by Miss Veerle Wouters, published on 24 of April 2013, the Minister has stated that its administration will soon be publishing the final rules on when Belgian VAT will fall due on, and how companies in Belgium
Personal income tax, Act on various measures
On 6 April 2012, the program law of 29 March containing amendments and clarifications of the measures introduced by the Act of 28 December 2011, was published. The personal income tax provisions recorded in this recent act concern, amongst other things, company cars. The act confirms the proposed changes in the valuation of used cars,
New daily lump-sum allowances list as from 1 April 2012
Context Reimbursements by the employer of expenses incurred by an employee within the scope of his employment are exempt from tax to the extent that they can be supported by appropriate documentation. The tax exemption of a lump-sum reimbursement of such expenses may also be allowed provided the lump-sum amount is determined based on reasonable
Global tax accounting April – June 2012
Accounting and reporting related updates IASB and FASB project on leasing Levies charged by public authorities Statutory accounts in the EU Financial reporting of income tax Recent and upcoming major tax law changes and the tax accounting implications Some tax rate changes Important considerations in tax law changes Tax Account refresher Backwards Tracing Update on
