Royal Decree on Public Country by Country Reporting published
On 6 June 2024, the Royal Decree on public country by country reporting (PCbCR) was published in the Belgian official gazette (See also our earlier messages on the introduction of public country by country reporting in Belgium of 4 June 2021 and 17 November 2023). This Royal Decree modifies the Royal Decree of 29 April
Short-term deposits volumes are peaking in the Euro Area. How can an internal cash pool play a role?
Recent data published by the European Central Bank (“ECB”) indicates that the volume of short-term deposits made by non-financial companies (“NFCs”) in the euro area is reaching its peak. Similar trends are observed from the intra-group perspective, when international groups opt for an internal cash pool as one of the cash management solutions. In order
Belgian law amending the investment deduction and innovation income deduction regime published in the Official Gazette
On 29 May 2024, the law of 12 May 2024 containing various tax provisions was published in the Belgian Official Gazette. This law implements several changes to the regime of the investment deduction and the innovation income deduction (IID). Key features of the new legislation are summarized below. For more information, we refer to our
It’s official : the new copyright regime does not apply to the IT sector
The Constitutional court rejects the actions introduced by several software designers and IT companies for the cancellation of the legislative provision which excludes income relating to computer programs from the specific copyright tax regime. Officially back to its roots The new copyrights regime has been modified by the program-law of 26 December 2022 (see our
Investment deduction rates for tax year 2025 published
The percentages of the investment deduction for investments made during the taxable period linked to tax year 2025 until 31 December 2024 have been published. Please find below an overview of the percentages that apply for companies. One-off investment deduction Patents, environmentally friendly investments for research and development, energy-saving investments and smoke extraction or ventilation
External financing is increasingly more difficult to obtain. How does it impact transfer pricing policies?
According to the latest update of the quarterly bank lending survey of the European Central Bank (“ECB”), the loan application rejection rate within the Eurosystem continued to increase during the first quarter of 2024, albeit at a slower rate than the previous quarter. In addition, Euro area banks reported a small further net tightening of
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
Stock options granted by a Personal Service Company to its company director – not always tax deductible for the company
In a judgement of 5 December 2023, the Court of appeal of Antwerp ruled on a case regarding the deductibility of costs of stock options and upholds the lower court’s decision, confirming that remunerations (stock options income in this case) may not always be treated as deductible expenses. The dispute in this case revolves around
