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
Automation of statutory and tax reporting: the time to act is now
Are you dealing with statutory and tax reporting? Is your reporting spreadsheet-based, with many human interventions, causing mistakes or frustrations from time to time? Is your reporting due in a very short-timeframe, whilst you have no sufficient resources in your department to keep up with ever increasing finance and tax requirements? Then the time to
Third quarter advance tax payment for assessment year 2023
Companies with a year-end closing on 31 December 2022 have the opportunity to make an advance tax payment for the third quarter of the year until 10 October 2022 to avoid or reduce a tax surcharge. This tax surcharge of 6,75% will be applied on the final amount of the Belgian corporate income tax due upon assessment. If,
Expected notional interest rate deduction
Expected notional interest deduction rate for assessment year 2024 The standard notional interest deduction (NID) rate for assessment year 2024 is expected to amount to 0,943%. For SMEs, the NID rate would be 1,443%. These rates should still be confirmed by a notice published in the Belgian Official Gazette. Less than a month ago, it was officially
Due date for both the belgian corporate income tax return and the local form for assessment year 2022
Extended due date & Accelerated refund Whilst the general due date for filing is the end of the seventh month after year-end closing, an additional term till 17 October 2022 has now been confirmed for Belgian companies, Belgian legal entities and foreign entities with a financial year-end from 31 December 2021 up to 28 February
