Important changes in Flemish registration duties and inheritance tax coming soon!
Significant adjustments to Flemish registration duties and inheritance tax are on the horizon, as outlined in the new Flemish coalition agreement. These changes are set to impact estate planning practices. Below is an overview of what is known so far. 1. Reduction in registration duties The most concrete measure concerns the reduction of registration duties
Tax measures in the “Super nota of Bart De Wever” – What was on the table for corporations?
The so-called “Super nota” of Bart De Wever’s contained a variety of proposed tax measures that would bring significant changes to the existing tax system. While the Super nota seems currently “in the fridge”, the budgetary situation of the country makes it likely that one or more of the measures in the Super nota will
Tax measures in the “Super nota of Bart De Wever” – What was on the table for family businesses?
The so-called “Super nota” of Bart De Wever’s contained a variety of proposed tax measures that would bring significant changes to the existing tax system. While the Super nota seems currently “in the fridge”, the budgetary situation of the country makes it likely that one or more of the measures in the Super nota will
Tax measures in the “Super nota of Bart De Wever” – What was on the table for Private Equity?
The so-called “Super nota” of Bart De Wever’s contained a variety of proposed tax measures that would bring significant changes to the existing tax system. While the Super nota seems currently “in the fridge”, the budgetary situation of the country makes it likely that one or more of the measures in the Super nota will
Pillar 2 rules in an M&A context: time for action!
The OECD’s Pillar 2 rules have introduced a global minimum effective taxation of 15% for multinational enterprises or large domestic groups. Urgent action should be taken by all groups subject to the new mandatory pillar 2 notification, which is due by 13 July 2024. But also in transactions, the potential impact of pillar 2 should
Recent changes to the Belgian CFC legislation can give rise to an increased tax burden of your investment
In case your Belgian company has a foreign participation which it controls and of which the effective tax rate is lower than 12.5%, based on the taxable profit of that foreign entity recalculated according to Belgian tax rules, an additional tax could arise on the undistributed passive income of the foreign participation. In other words,
Adapted tax provisions regarding ‘judicial reorganisations’ offer new opportunities… and challenges
Recent adjustments of tax provisions regarding ‘judicial reorganizations’ offer new opportunities and challenges for distressed companies and their creditors. Most of these adjustments, aligning tax law with the updated insolvency law, entered into force with retroactive effect to 1 September 2023. The law of 28 December 2023 containing various tax measures has adapted the tax
New ways to carving-out and integrating your business in Belgium not always tax neutral
In 2023, new ways of performing carve-out and integrating your business became possible from a legal perspective. Meanwhile the tax law has also been adapted to enable you to perform these new ways of reorganising your group structure tax-free. Nevertheless, still some problems remain and sufficient attention should be paid to the tax consequences of
