On 11 April 2019, the new percentages for the investment deduction, applicable for assessment year 2020 (financial years ending between 31 December 2019 and 30 December 2020, both dates inclusive), were published in the Belgian Official Gazette. In order to apply for the investment deduction, the taxpayer needs to comply with certain conditions and formalities.
The Corporate Income Tax Reform Act had introduced a distinct taxation of 5% due by each company (large or small) that does not grant a minimum director fee of EUR 45,000 (EUR 75,000 for a group of affiliated companies). The tax was due on the difference between the highest compensation actually paid and the required
European Commission announces final State aid decision on financing income exemption within the UK’s CFC rules
On 2 April 2019, the European Commission (EC) announced that the Group Financing Exemption (GFE) within the UK Controlled Foreign Company (CFC) rules is “partly justified”. The decision has not yet been published but a brief explanation of the decision can be found via this link.
On the 29th of March the law of 17 March 2019 concerning the introduction of a mobility budget was published together with a royal decree implementing this law. In comparison with the draft law no changes were made to the published law. It is mainly the royal decree, which implements the law concerning the mobility
On 22 March 2019, the Act modifying the specific corporate tax exemption for social passive was published: the exemption now needs to be spread over 5 years. Recap As a short recap, article 67quater Belgian Income Tax Code 1992 (introduced by the Act of 26 December 2013) allows Belgian companies and Belgian establishments to exempt
The Belgian tax authorities are again issuing tax audits with respect to the application of the wage withholding tax exemption for Research and Development over income year 2017. Extensive list of questions A few years ago, a similar wave of audits took place. Compared to the previous tax audits, we notice that the list of