Belgium – budgetary control 2016: real estate measures
On 9 April 2016, the federal government reached an agreement on additional budgetary and recovery measures following the 2016 budgetary control exercise. It has been confirmed that measures will be taken to make the Belgian real estate market more attractive for foreign investors (as further explained in the parliamentary procedures leading to the Tax Shift Act
Belgium – budgetary control 2016: reform of corporate tax regime announced
On 9 April 2016, the federal government reached an agreement on additional budgetary and recovery measures following the 2016 budgetary control exercise. To keep the budget on track, among others the following tax measures have been agreed: Reform of the Belgian corporate income tax regime. The corporate income tax regime will be reformed in order
Long-awaited MiFID II Delegated Acts published
This MiFID II Delegated Directive brings clarity on some contentious investor protection issues, and confirms some key changes that firms need to accomplish in several important areas. The progress of the Markets in Financial Instruments Directive II (MiFID II) has been slow, stuttering and at times unpredictable, and the complexity and scale of the regulation
ESMA publishes final guidelines on sound remuneration policies under UCITS and AIFM Directives
In its newest report, ESMA sheds light on the guidelines relating to the remuneration policies and practices for management companies and their identified staff. On 31 March 2016, the European Securities and Markets Authority (ESMA) published its final guidelines on the remuneration policies for management companies and their identified staff (the Guidelines). These Guidelines refer
ESMA report on enforcement and regulatory activities of accounting enforcers in 2015
This report provides an overview of the activities of the European Securities and Markets Authority (ESMA) and the accounting enforcers in the European Economic Area (EEA) (hereinafter ‘European enforcers’), when examining compliance of financial information provided by issuers listed on regulated markets with the applicable financial reporting framework in 2015. It also provides an overview
VAT on directors fees – new detailed guidelines
In a previous newsflash, we informed you that a company acting as a director (or a liquidator etc.) will no longer be able to invoice its director fees outside the scope of VAT. The entry into force of this decision has been repeatedly delayed. On 30 March 2016, the Belgian VAT Administration published comprehensive guidelines on
New Act on the status and supervision of (re)insurance companies published
On 23 March 2016, the new law on the status and supervision of (re)insurance companies has been published in the Belgian Official Gazette. Before, the Belgian legislation on insurance and reinsurance companies was split into two parts: the Act of 9 July 1975 on the control of insurance companies and the Act of 16 February
