News articles written by Philippe Vyncke

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

New Flemish Government: announcement gift & inheritance tax measures

3 October 2019

On 30 September 2019, the Flemish negotiating political parties presented the Flemish Coalition Agreement (the Agreement), setting the scene and focus areas for the Flemish Government in the 5 years to come (read the full text here). The last chapter of the agreement outlines the priorities of this Flemish Government in terms of finances and

Administrative tolerance with respect to the UBO-register: no fines until 31 December

23 September 2019

In previous news flashes we already informed you about the implementation of the UBO-register, the extension of the deadlines and the updates of the Frequently Asked Questions (FAQ). In the UBO-register, all legal entities need to register their ultimate beneficial owners. The deadline for the registration is set at 30 September 2019. In the absence

Listed companies and the UBO register: not always an exemption!

28 August 2019

In previous news flashes we already informed you about the implementation of the UBO register, the extension of the deadlines and the updates of the Frequently Asked Questions (FAQ). In the updated version of the FAQ published on 19 July 2019 the Belgian authorities stated that listed companies are exempted from registering their UBO’s if they are subject