Statutory financial statements filing deadline has passed: time for action
Belgian companies having a 31 December year-end should have deposited their statutory financial statements with the National Bank of Belgium (“NBB”) by 31 July 2024 at the very latest. Late filing results in a number of negative consequences from a financial, director’s liability and corporate income tax perspective (see below). If your company’s statutory financial
IFRS 16 – Leases Standard
The International Accounting Standards Board (‘IASB’) announced a new leasing standard that will come into effect on 1 January 2019 (earlier application permitted for accounting periods ending on or after 1 January 2017). This new standard requires lessees to recognise nearly all leases– with an exemption for short-term and low-value asset leases – on the
Late filing of the annual accounts: firmer sanctions expected
Please be informed that the Government has announced strengthened sanctions in case of the late filing of annual accounts. In its policy document of 2 December 2014, aiming to combat tax fraud, the Government has announced its intention to take firmer action against companies that fail to file their annual accounts within the statutory time
