New social security treatment of expatriate’s non taxable allowances retroactively applicable as from 1 January 2012
Context Under certain conditions, foreign executives who are temporarily assigned to work in Belgium can benefit from a special tax status. In this case, they are treated for tax purposes as non-residents of Belgium and taxed on their Belgian-source income only. The special expatriate tax status, the rules of which are laid down in an
Agreement on the federal budget and economic recovery measures
Today an agreement was reached with respect to the Federal Government’s budget for 2013 and new economic recovery measures. After final intense negotiations and following a quest to find an additional 400 million euro in order to finance a decrease of employment (i.e. wage) costs for undertakings in Belgium, the following new tax measures affecting
Highlights and initial comments from the Public Consultation days on the OECD Intangibles Draft
Download 120 business commentators from at least 70 companies (including corporations, consulting firms, law firms and industry organisations) convened in Paris from 12 to 14 November 2012 to discuss three important OECD Discussion Draft topics, including : The Intangibles Draft Safe Harbours Timing Issues PwC was present on this the fourth public consultation on the
Draft bill – various tax and financial provisions
As indicated in our headlines of 26 September and 23 July 2012, the federal government of Belgium has introduced a draft bill laying down various tax and financial provisions in the Chamber of Representatives. The bill is awaiting possible debate and approval. The greater part of the changes in tax law concerns a simplification of
