New Tax on Securities Accounts: Exemptions for the Financial Sector
On 5 January 2021, the Government published its bill introducing an annual tax on securities accounts in the Code of Various Duties and Taxes. As a recall, the tax is an annual tax on the holding of a securities account, levied at the rate of 0.15% on the average value of the account in excess
PwC’s Tax Bites podcast: Tax in 2021 – what to expect?
2020 was in many ways a challenging year, with several developments materialising in the tax domain. What will 2021 bring us in the area of taxation? Listen to our first Tax Bites podcast of the year to find out. In this episode, Pieter Deré is joined by Ellen Cortvriend, Gilles Franssens and Jean-Philippe Van West to take a closer look at the
New legislation impacting 30% EBITDA rule
In order to address criticism of the European Commission on inter alia the Belgian implementation of the “EBITDA interest limitation rule”, the Belgian legislator has published new legislation to address those. This might impact the financing of real estate, entities that perform factoring activities or entities active in “long-term public infrastructure projects”. The scope of
Company cars: decrease of the lump sum benefit in kind will no longer be possible
If we’re talking about company cars, there’s one element that keeps on coming back over the past few years: our fleet needs to become greener. Now, the Belgian parliament has introduced a Proposal of Law (Doc 55 0904 – 2019/2020)which is (again) looking at the reference CO2-emission which is used to determine the taxable benefit
Taxpayer relationship and tax audits in Belgium: what can we expect following the Belgian Minister of Finance’s policy note?
The Belgian Minister of Finance, Vincent Van Peteghem, has made his first official statements on the ambitions of the new government De Croo I in relation to the SPF/FOD Finance. Minister Van Peteghem, also in charge of the Coordination of the Fight against Fraud, presented his policy note on 4 November 2020 to the Belgian
Draft bill introducing a new annual tax on securities accounts
On 31 October 2020, the Council of Ministers approved a draft bill introducing a new annual tax on securities accounts in the Code of Various Duties and Taxes (CVDT). The Council of State is being requested to give its opinion on the draft bill. The Government intends to submit the bill to Parliament by year-end.
Announcement of supportive measures for the Belgian economy during the second COVID-19 wave
After the introduction of the first waves of supportive financial measures linked to the first ‘lockdown’ from March till May 2020, the newly formed government has decided to take additional economic, tax and financial measures. The goal is to soften the economic consequences of the restrictions introduced last week in order to cope with the
Further details on the tax measures of the Vivaldi government
Introduction The program law regarding the budget statement of 2021 has recently been issued by the Belgian Vivaldi government. Again an opportunity for the PwC tax reform news room to highlight the most important tax measures that have been introduced from a personal, corporate and indirect tax perspective. Personal tax Non-indexation of fiscal amounts For
