Update: VAT and immovable rent – as from 1/1/19
The final draft Law has been submitted to the Chamber of representatives on 31 July 2018. With entry into force foreseen for 1 January 2019, it is time for action. Check out our update (in Dutch and French) below. Update: btw en onroerende verhuur – nieuw vanaf 1/1/19 Het wetsontwerp is op 31 juli
Update: It’s a go for the option to apply VAT on ‘new’ immovable letting!
This weekend, the core cabinet of the Belgian Government (finally) reached an agreement on the possibility for landlords to apply VAT on certain immovable lettings. With a view of raising our country’s and the markets’ competitiveness, the Belgian Government has for quite some time been juggling (and struggling) with the idea to apply VAT on
”New” Royal Decree nr. 57 – Important change!
Today, in case of a service of transport of goods where a portion of the transport takes place outside the EU, said portion is outside scope of EU VAT in function of the distances covered. In order to eliminate the difficulties arising from the calculation of that portion, the new RD 57 specifies that only
EU Commission launches Proposal for Definitive VAT system
As part of the VAT action plan as launched on 7 April 2016, the EU Commission announced a legislative Proposal for the Definitive VAT system for Cross Border EU Trade. Said proposal was published today (hereafter referred to as the Proposal) and introduces the cornerstones of the Definitive VAT system for Cross Border B2B EU trade. A forthcoming proposal
The cost-sharing VAT exemption is not for financial services, says EU Court
In brief The Court of Justice of the European Union (CJEU, “the Court”) released its decisions on 21 September 2017 in three cases (Aviva, C-605/15, DNB BANKA, C-326/15 and Commission v Germany, C-616/15), relating to “independent group of persons (IGP)” (also referred to as the cost-sharing VAT exemption). In these three cases, the central question
Belgian tax reform reduces corporate rate to 25% and introduces fiscal consolidation
On 26 July 2017, the federal government reached an agreement on an important tax, economic and social reform package. A significant gradual reduction in the corporate income tax rate to 25% in 2020 and fiscal consolidation are key components of the package. The agreement preserves the notional interest deduction. The tax reform is built around
Belgium decides to reduce corporate tax rate from 34% to 25%
Remark: The following announced measures will have to be formalised in draft legislation which should only be available as from September/October. Only then will full details be known. On 26 July 2017, the Federal government reached an agreement on an important corporate tax reform, significantly reducing the corporate tax rate. More details will follow below.
Ruling Office “up and running again”
On 28 April 2017, the Belgian Council of State annulled the nomination of the French-speaking Board members of the Ruling Office, due to a complaint by a previous Board member (see our newsflash of 8 May 2017). As a result of the judgment, the Ruling Office was not able to take any formal decisions because
