News articles written by Nicolas de Limbourg

Launch of new tax audits in 2017

21 April 2017

The Belgian tax authorities have recently announced their new focus areas for upcoming tax audits. The aim is to encourage individuals and companies to fulfil their tax obligations ‘spontaneously’ and in a ‘correct manner’. Taxpayers may expect questions from the tax authorities or a tax audit may be triggered in relation to their personal income tax

New legislative proposal: net compensation replacing eco vouchers

6 February 2017

Members of the four federal majority parties (N-VA, MR, CD&V and Open VLD) have introduced a new legislative initiative concerning the abolishment of eco vouchers and the replacement of this system by cash compensation equivalent to the value of eco vouchers. As an alternative way of payment, eco vouchers are paper or electronic vouchers that

Update – New upcoming tax measures – Program Act enacted

3 January 2017

In our Newsflash of 7 November 2016 we already made reference to new upcoming tax measures. Certain of these anticipated changes have now been introduced by the Program Act of 25 December 2016, which was published in the Official Gazette on 29 December 2016. From a personal income tax perspective, the above Program Act introduces

Benefit in kind – Private use of a company car: updated formula for 2017

12 December 2016

The new reference CO2 emission for calculating the taxable benefit in kind for the private use of a company car in the hands of company directors and employees has been published on 5 December 2016 (Royal Decree of 24 November 2016). For income year 2017, the following CO2 emission will be applied to the above

New upcoming tax measures

7 November 2016

Recently, the Belgian Minister of Finance published a general policy regarding “public finances”, “boosting of the economy/entrepreneurial climate” and “combat against tax fraud”. Based on this policy, certain new tax measures will be introduced in the upcoming months. From a personal income tax perspective, the following changes are anticipated: further increase in the withholding tax