Company cars: the list of false hybrids has been updated
Over the past few years, the taxation of cars has been linked more and more to their ecological footprint, and more specifically, their CO2-emission. The taxable benefit in kind, the deductibility rate, registration taxes, … all of these depend on the CO2-emission of the car. Especially for the so-called ‘fake hybrides’, there has been quite
Update – Fast Track Ruling – Homeworking (Expense Allowance)
We refer to our newsflash of 19 March on the implementation of the Fast Track Ruling (Fast Track Ruling – Homeworking, Expense Allowance). On 29 May, the Rulings Office (Dienst Voorafgaande Beslissingen in Fiscale Zaken/Services des Décisions anticipées en Matières Fiscales) published on its website a new COVID-19 application model document that has been slightly adjusted
Circular letter on the mobility allowance and the consequences of the Constitutional Court Judgement
As described in our newsflash of 23 January 2020, the mobility allowance, better known as the Cash for Cars-system, has been annulled by the Constitutional Court (23 January 2020, published in the Official Gazette on 24 February 2020). Now, the Belgian Tax Authorities have published a short Circular letter clarifying the impact of this annulment
Executive pay landscape: Implementation of the Revised Shareholders’ Rights Directive (SRD II) into Belgian law for Belgian quoted companies
On May 6th, the Official Gazette has published the law on implementing the SRD II – Directive (EU) 2017/828. Part of the Directive will be implemented by changing the newly introduced Belgian Code on Companies and Associations (BCCA). The aim of SRD II is to positively influence the involvement of long-term shareholders and increase transparency
Belgian Minister of Finance proposes Corona premium of EUR 1.000
In practice and also in recent media coverage, the question was raised whether employers/companies can provide employees with a (tax beneficial) cash incentive – other than a regular bonus payment – in order to motivate and reward employees who (are not staying at home due to temporary unemployment measures and who) are still allowed and
NEDC vs NEDC 2.0 vs WLTP: new (updated) FAQs regarding the percentage of deduction of professional car expenses and calculation of the BIK for employees
A new FAQ has been published by the Belgian Tax Authorities that explains which CO2 emission value has to be used for the calculation of the deductible rate of company car expenses (FAQ, 25 March 2020). Indeed, using the WLTP or even the NEDC 2.0 emission value will lead to an increase of the car
Temporary unemployment and group insurance – points of attention
The Belgian system of temporary unemployment is – as a result of the coronavirus pandemic – currently being used by more employers than ever before. It’s, however, essential to make sure there are no unintended consequences as a result of deploying temporary unemployment in the company. Against that backdrop, it’s important to point out that
Fast Track Ruling – Homeworking (Expense Allowance)
Employees incur expenses that are inherent in the performance of their duties in their relationship with an employer. Accordingly, due to their nature, such expenses are to be borne by the employer. The employer, i.e. the company, can ask the Ruling Office (Dienst Voorafgaande Beslissingen/Service des Décisions Anticipées) for confirmation that the lump sum allowances
