Ruling Office – rulings delayed due to annulation of French-speaking Board members
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. As a result of the judgement, the Ruling Office will not be able to take any formal decisions before the Board members have been replaced.
VAT deduction on the services linked to the sale of shares: positive arrest of the Court of Appeal
The sale of shares is exempt from VAT and therefore the VAT authorities generally reject the VAT deduction on the costs linked to such sale. This position was moderated by the CJEU (Skatteverket c/ AB SKF Case, C-29/08), who confirmed that there is a right to deduct input VAT on the costs related to a
VAT quarterly advance payments shall be abolished as from 1 April 2017
In the context of a simplification of the Belgian VAT compliance, the Belgian Finance Minister has announced the abolishment of the mandatory monthly advance payments on VAT for quarterly VAT declarants. The Royal Decree will be published shortly and should take effect as from 1 April 2017. Background Currently, quarterly VAT declarants are subject to
Commission proposes new VAT rules to support e-commerce and online businesses in the EU
Yesterday, the EU Commission has introduced a series of proposals to simplify the VAT rules for e-commerce and reduce compliance on online sales of goods. The proposals include: Broadening of the One-Stop-Shop system to companies selling goods online (distance sales); Thresholds for cross-border sales of electronic services; Removal of the VAT exemption for small value
PwC’s Brexit monitor
The referendum result on Brexit has not only led to economic and political uncertainty within the UK, but also on mainland Europe. The final impact of Brexit is yet unknown, but will certainly weigh down on our economy, business activity and financial markets. You may find the following PwC Brexit Monitor on the subject matter interesting.
VAT exemption for intra-Community supplies: Transport document can be replaced by destination document
In order to apply the VAT exemption for intra-Community supplies in Belgium (article 39bis of the Belgian VAT Code), Belgian VAT authorities require the supplier (amongst others) to obtain and keep a set of commercial documents that the goods have been transported from Belgium to another Member State. Suitable evidence includes contracts, purchase orders, transport
Brexit – Keep up to date on what’s next for FS
The UK’s decision to leave the EU will have far reaching implications for the financial services sector. As the detailed political and legal issues are worked out over the coming months there is a wealth of complexity to be considered and navigated. Please join us on Friday 1 July at 9.30am when our experts will be discussing
Lost in Transactions – Your one-stop guide for everything you need to know about BEPS and M&A
We are pleased to announce that M&A Tax & Legal Services just finalised a publication which will guide you in everything you need to know about BEPS and M&A. ‘Lost in transactions’ is a practical guide to managing M&A deals in today’s global, digital world. Please find more information and the PDF version of the
