News articles written by Philippe Vyncke

Belgian UBO register: extension of deadline for annual confirmation and uploading supporting documents to 31 August 2021

15 April 2021

In our previous newsflash, we already informed you about the new (disclosure) obligations in the UBO-register imposed by the Royal Decree of 23 September 2020. The Federal Public Service Finance (FPSF) has now announced that the current deadline (i.e. 30 April 2021) for uploading supporting documents and annual confirmation of the information in the UBO Register

Beneficial tax regime on the transfer of family businesses

19 February 2021

To stimulate a more active transfer of family businesses, the Flemish Government decided in 2012 to change fiscal tactics and provide for an exemption of donation tax and a reduced rate of 3% of inheritance taxes for spouses and cohabitants on the transfer of a family business. The inheritance tax rate equals 7% for all

New obligations of the Belgian UBO register

20 January 2021

In our previous newsflash, we already informed you about the new (disclosure) obligations in the UBO-register imposed by the Royal Decree of 23 September 2020. Our experience shows us that, as it was previously not required by the Law, for many companies currently not all information on intermediary entities has been recorded in the UBO-register

New Royal Decree of 23 September 2020 extends obligations of the Belgian UBO register

26 November 2020

On 1 October 2020, the Royal Decree of 23 September 2020 was published in the Belgian Official Gazette which amends the Royal Decree of 30 July 2018 on the modalities of operation of the UBO register. In addition to textual adjustments and technical corrections, the new Royal Decree introduces new (disclosure) obligations. Supporting documents to

eStox, a digital shareholders’ register for companies

16 July 2020

The shareholders’ register is an important cornerstone for every company. A shareholders’ register provides an overview of who the shareholders are, when they became shareholders and which shares a company has. Paper shareholders’ registers involve multiple risks. They can get lost, entries can be incomplete or there can be discussions about who has the voting

Donations: Closing the so-called Dutch route (“kaasroute”)

8 July 2020

Belgian tax residents who wish to donate personal movable assets, can do so in a number of different manners and each manner bears its specific tax consequences. A first way to perform a donation is by manual delivery of the asset, eg cash or a work of art, or as an indirect gift (eg transfer

Annual confirmation of information in the Belgian UBO register

24 June 2020

We refer to our previous communication regarding the Belgian UBO register. Under the anti-money laundering legislation, all companies, (international) non profit organisations, foundations, trusts and legal entities comparable to trusts under Belgian law had to register their ultimate beneficial owners in the Belgian UBO register by 31 December 2019 at the latest. In addition to

Charitable bequests and donations: an update

10 October 2019

The new Flemish Government has announced some important changes in the field of bequests and donations.    1.   Duo bequest (duo-legaat / duo-legs) In case of a so called ‘duo bequest’, (part of) the estate is left to a charity organisation under the condition to pay out a certain amount of the bequest to a