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.
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
New solidarity tax on security accounts?
Although the text is still in an early draft phase and still needs to be approved by the council of ministers, it was made public in the press that the idea of the new security tax seems to be a tax on the ownership of security accounts. The text of the pre-proposal is not yet
High net worth individuals on the radar of Vivaldi!
One of the measures announced by the newly formed government (“the Vivaldi coalition”) is the taxation of the major financial transactions (“MFTT”). Although only the main principles of this tax are known at this stage, the purpose would be to tax high net worth individuals. The impact of the tax is estimated between 150 to
A first glimpse in the tax measures of the Vivaldi government
Belgium lands on relaunch government Today, 7 political parties reached an agreement on the formation of a new Belgian government (the so-called Vivaldi government). While the last edits are being made to the agreement, the broad outline is becoming clear. The agreement mentions the intention for a relance and investment plan of 4.7 bln EUR
Tax loss carry-back system: administrative circular letter published
On 22 September 2020, the Belgian tax authorities issued a circular letter (administrative guideline) in relation to the tax loss “carry-back” system. Previously, a Royal Decree was published on 1 September 2020 which further clarifies the formalities to be fulfilled in order to apply the loss “carry-back” system. In our newsflash of 2 July 2020,
