High Council of Finance disagrees with Belgian tax authorities on future tax treatment of stock options
The former Minister of Finance had instructed the Belgian tax authorities to draft a number of legislative measures to simplify the Belgian tax system. On 13 December 2012, a series of proposals were presented to the “fiscal and para-fiscal” division of the High Council of Finance (Hoge Raad van Financiën/Conseil Supérieur des Finances). One of
Belgium: Discrimination of foreign investment companies – A first practice note published
The Belgian tax administration has recently published a practice note dealing with the consequences of the CJEU’s decision of 25 October 2012 Although restrictive on many aspects, this practice note nevertheless constitutes a positive sign and addresses various topics of importance for foreign investment companies having filed withholding tax claims in Belgium: Priority Handling: First
Impact of EU Financial Transaction Tax on the asset management industry
On 14 February 2013, the European Commission issued a new draft Council Directive to implement an EU financial transaction tax (FTT) in 11 countries. We previously highlighted that the Directive has a very broad scope and will impact both EU and non-EU Financial Institutions. The costs of the tax (coupled with the major operational changes