Lump sum benefit in kind for electricity and heating no longer possible without the provision of housing
All income that you receive from your employer is subject to income taxes. This is also the case for non-cash elements. In general, taxes should be paid on the actual value received by the employee, meaning the value that (s)he would have paid in case the employer wouldn’t intervene in such a cost. However, for
Time to verify your night – and shift labour: check your shift premium and the calculation of the ⅓ norm!
Strict case law regarding the shift premium and more strict FAQ regarding ⅓ norm urges for action Night – and shift labour incentive Companies with employees performing shift or night work can receive a partial exemption from the payment of wage withholding taxes. The ‘discount’ is quite substantial: as an employer you can save up
In our Newsflash dated 21 June 2021, we informed you about the definitive version of the draft law transposing CRD V into Belgian banking law. The Belgian law of 11 July 2021 implementing EU financial directives (CRD V; BRR2; IFD; Solvency II) finally transposed CRD V into our Belgian arsenal. In the meantime, the EBA
The council of ministers has reached a consensus considering the corona premium in companies. This premium provides that companies that have performed well in the past (corona) year, can give their employees a one-time Corona premium in 2021. The maximum amount is set to EUR 500 per employee and can be granted from the 1st of
Double taxation of foreign dividends – Published FAQ is still holding out on applying foreign tax credit
Last year PwC Legal already covered Belgian (tax) residents’ right to mitigate double taxation of foreign dividends, especially French-source dividends (see Newsflashes of 9 June and 15 December, 2020). Now we bring you the latest updates. In summary, while certain double taxation treaties concluded by Belgium with some countries, in particular France, make it possible
In our newsflash dated 5 March 2021, we informed you of the draft law transposing certain EU directives into Belgian law that was approved in a first reading. One of those directives was the fifth Capital Requirements Directive (CRD V). On 27 May 2021, the Belgian government introduced a definitive version of the draft law
Implementation of CRD V into Belgian law – Are banks’ remuneration policies and practices gender-neutral?
On 26 February 2021, the Council of Ministers approved a first reading of the draft law transposing certain EU directives into Belgian law, among which the fifth Capital Requirements Directive (CRD V). The latter entered into force in June 2019 and should have been transposed by Member States by 28 December 2020. As a reminder,
In our newsflash dated 6 May 2020, we informed you about the extended say on pay of shareholders introduced by the Revised Shareholders’ Rights Directive (SRD II) and implemented into Belgian law for Belgian quoted companies. Remuneration report: extended transparency on individual pay disclosure & pay ratio Shareholders have their word to say on the