Statutory pension bonus – eliminating uncertainty
The Belgian federal government introduced a financial incentive in 2007 (following on from the 2005 Generation Pact) for people in the private sector to work longer: the so-called “pension bonus”. This was a temporary measure. Its continued existence was to depend in part on whether it generated the desired effect – i.e. an increase in
Belgian VAT changes – Pharma sector
1. Fees paid to ethical committees: same VAT treatment as clinical trials Research work (including but not limited to clinical trials) performed by Belgian doctors and / or hospitals for consideration for Belgian pharmaceutical companies is, as a general rule, subject to Belgian VAT unless the doctor/hospital can apply the VAT exemption for “small businesses”.
Draft bill – various tax and financial measures
Draft bill – various tax and financial measures Recently, the government approved a draft bill laying down various tax and financial provisions. The proposed measures constitute a part of the budgetary action agreed by the Government and can be summarised as follows: Simplification of the Belgian personal tax system: deductible expenses will become tax reductions.
Proposed change – Tax treatment of stock options
Stock options aretaxable on the 60th day following the offer if an employee or company director has accepted the offer in writing within 60days following the offer. The taxable option value is generally calculated as a percentage of the market value of the underlying shares on the day prior to the actual offer date or
The Netherlands – One-off crisis contribution introduced for high salaries
On 10 July 2012, the Dutch First Chamber approved legislation introducing a one-time employers tax of 16% on high salaries. In March 2013, employers will have to pay a 16% employers tax on all salaries paid out in 2012 which exceed EUR 150,000.
Interpretation of the 5%-rule for applying EU-Regulation 883/2004
In order to determine whether someone should be considered as working in one Member State only with limited travel to other Member States or as being simultaneously employed in different Member States, one should – amongst others – determine whether or not the activities carried out outside the country of usual employment take up 5%
Global tax accounting July – September 2012
Accounting and reporting related updates International Financial Reporting Interpretations Committee decisions Accounting for market value uplifts IFRS 2012 Annual Improvements UK audit exemption Recent and upcoming major tax law changes and the tax accounting implications Second Amended French Finance Act for 2012 Some tax rate changes Other important considerations in tax law changes Tax Accounting
Update – Program Act published in the Official Gazette
On 21 June 2012, we sent an HRS headline relating to the impact of the new Program Act on occupational pension schemes. A copy of the headline is included in this message. The Act has now been published in the Official Gazette of today. Special social security contribution As from 1 January 2012, the