Temporary corporate tax exemption for social passive: to be spread over 5 years
On 22 March 2019, the Act modifying the specific corporate tax exemption for social passive was published: the exemption now needs to be spread over 5 years. Recap As a short recap, article 67quater Belgian Income Tax Code 1992 (introduced by the Act of 26 December 2013) allows Belgian companies and Belgian establishments to exempt
Belgium – Reduced dividend withholding tax rate of 1.6995% for minority corporate shareholders
The Belgian withholding tax act has been recently modified as a result of the European ‘Tate & Lyle’ case. The new Act limits the withholding tax on dividends distributed to foreign minority corporate shareholders by Belgian companies to 1.6995% instead of 27%, if certain conditions are met. In 2012, the European Court of Justice ruled that the Belgian dividend
Biztax filing deadline postponed to 7 October 2015
The Federal Public Department of Finance announced today that the deadline for filling tax returns via Biztax is postponed to 7 October 2015 due to IT problems. This extended deadline applies to tax returns that relate to: corporate income taxation (residents and non-residents); and legal entities income taxation. Initially, the deadline was set at 30 September 2015
Court of Appeal of Ghent: no interest withholding tax exemption without certificate
In a recent – severe – judgement, the Court of Appeal of Ghent (18 March 2014) ruled that no interest withholding tax exemption can be claimed by lack of a properly dated certificate. Under Belgian domestic tax law, interest payments in principle are subject to a 25% withholding tax. However, based on the implementation of
Publication of model tax returns for assessment year 2014
Model tax returns for assessment year 2014 now available In the Belgian Official Gazette of 2 May 2014, the model tax returns for assessment year 2014 for resident companies, for resident legal entities and for non-residents(companies and legal entities) have been published.
EC to open investigation on Belgium’s system of support for innovative companies
On 4 December 2013, the European Commission announced that it had opened an in-depth investigation with regard to the compatibility of Belgium’s system of support for innovative companies with State aid rules under the Treaty on the Functioning of the EU (TFEU). In 2006, the European Commission approved a scheme that exempted certain innovative companies
Modifications to the models of the Annual Accounts
The most significant adjustments relate to the social balance sheet of enterprises and associations whose financial statements are prepared according to the full model: as a result of the Equal Pay Act of 22 April 2012 (official gazette, 28 August 2012, p. 51,020), a number of existing positions are split among men and women. In
