Investment Deduction: Royal Decree lists published. Consider applying this incentive!
In order to encourage investments in the green transition, the Belgian Government has revamped the existing investment deduction system, effective for investments made as from 1 January 2025 (see also our newsflash of 31 May 2024 and 2 April 2024). As a recap, the new regime is organised around three ‘tracks’: The general investment deduction
Is your company ready for the upcoming compliance deadline?
Statutory financial statements As you probably are aware, Belgian companies should annually deposit their statutory financial statements with the National Bank of Belgium. Filing should be done within 30 days after the financial accounts have been approved by the Annual General Meeting of Shareholders and no later than 7 months after the end of the
New reporting obligation for tenants to declare certain rent payments: risk of non-deductibility in case of non-compliance!
Who is in scope? This new reporting obligation applies in principle to all legal entities and natural persons who are required to file an income tax return in Belgium. It does not matter whether this concerns personal income tax, corporate income tax, legal entity tax or non-resident tax. However, the reporting obligation is only applicable
Advance tax payments: Mind the significant increase of the surcharge
A surcharge is due on the final amount of Belgian corporate income tax payable upon assessment in case a company doesn’t settle its Belgian corporate income taxes due by means of timely advance tax payments during the financial year concerned. Please be advised that the global surcharge will be increased to 9% for assessment year
Transform your business with Power BI visualizations!
In today’s business landscape, data is king. Companies are generating more data than ever before. However, without the right tools, it can be overwhelming and difficult to grasp the essence of it all in a concise manner. This is where Power BI visualizations can make a difference. Power BI is a powerful data visualization tool
Are you ready for the next compliance deadlines?
The focus on compliance from different stakeholders has become even more important lately. Meeting deadlines and avoiding penalties is the general expectation but a true challenge for many companies. Therefore, we are glad to share a compliance timeline again. It is a little roadmap to help you keep track of the most important deadlines upcoming
Consider your anticipated cashflow and the opportunity of an early advance tax payment
Unless a company pays its Belgian corporate income taxes due by means of timely advance tax payments during the financial year concerned, a surcharge is due on the final amount of Belgian corporate income tax due upon assessment. If advance tax payments are made, credits – which can be offset against the surcharge – are
Is your company ready for the digitalization of the Belgian (tax) authorities?
The world is becoming more and more digital and also the Belgian (tax) authorities are catching up in this field. MyMinfin, e-Box, MyTax, WSE loket are only some of the digital applications currently being launched by the (tax) authorities in Belgium. Not only communications and documents are being digitized, also certain filings can no longer
