News articles written by Philippe Vyncke

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

Frequently Asked Questions on Belgian UBO register: new update

19 July 2019

In previous news flashes we already informed you about the implementation of the UBO register, the extension of the first registration deadline and a first update of the frequently asked questions.  After a first update on 2 April 2019, the Federal Public Service Finance (FPSF) published a new version of the frequently asked questions (FAQ) on

The UBO-register: time to take action

18 January 2019

As already discussed in our previous newsflashes (20 August 2018 & 28 September 2018), a register regarding the Ultimate Beneficial Owners (‘UBO’s’) of legal entities was introduced in Belgium. In principle, the information on the UBO’s needed to be registered by 30 November 2018. However, an extension of the deadline till 31 March 2019 was