Coronavirus: support for your business in times of unprecedented challenges
The spread of the coronavirus (COVID-19) is forcing governments around the world, including in Belgium, to take drastic measures to take back control over the human impact of Covid-19. Although required, these countermeasures are causing major disruption for individuals, families, businesses and the global economy in general. Aware of the significant impact of the pandemic
Belgium’s corporate tax reform: final steps ahead!
Last Friday, 8 December, the Council of Ministers reached an agreement on the final details of the major tax reform announced earlier in July 2017. This agreement comes after the advice from the Council of State and will in the coming weeks be debated in Parliament. The final acts are expected to be published by
Tax reform update: Company cars once more in the loop!
The corporate tax reform that was announced last week as part of the reform package aims – once more – at strengthening the rules on the taxation of company cars for Belgian companies. The following update highlights some of the measures in this respect. Most of these measures should only apply as from 2020, with
Belgian tax reform reduces corporate rate to 25% and introduces fiscal consolidation
On 26 July 2017, the federal government reached an agreement on an important tax, economic and social reform package. A significant gradual reduction in the corporate income tax rate to 25% in 2020 and fiscal consolidation are key components of the package. The agreement preserves the notional interest deduction. The tax reform is built around
Belgium decides to reduce corporate tax rate from 34% to 25%
Remark: The following announced measures will have to be formalised in draft legislation which should only be available as from September/October. Only then will full details be known. On 26 July 2017, the Federal government reached an agreement on an important corporate tax reform, significantly reducing the corporate tax rate. More details will follow below.
Ruling: guidance on how amendments to an existing ruling are treated
In its last newsletter published on 13 July, the Belgian Rulings Office has given an interesting clarification on how requests to obtain an amendment to an advance decision (so-called ‘Avenants’) will be treated. This often refers to situations where after the decision was granted certain critical facts change and that comfort is sought on the
Rulings Office releases 2016 Annual Report
The latest annual report of the Belgian Ruling Office was issued on June 21st. Looking at the statistics, it is clear that 2016 was a positive year with an increase in both the number of rulings granted and the number of pre-filing meetings held. The increase in the number of positive decisions combined with the
Ruling Office “up and running again”
On 28 April 2017, the Belgian Council of State annulled the nomination of the French-speaking Board members of the Ruling Office, due to a complaint by a previous Board member (see our newsflash of 8 May 2017). As a result of the judgment, the Ruling Office was not able to take any formal decisions because