Charitable bequests and donations: an update
The new Flemish Government has announced some important changes in the field of bequests and donations. 1. Duo bequest (duo-legaat / duo-legs) In case of a so called ‘duo bequest’, (part of) the estate is left to a charity organisation under the condition to pay out a certain amount of the bequest to a
New Flemish Government: announcement gift & inheritance tax measures
On 30 September 2019, the Flemish negotiating political parties presented the Flemish Coalition Agreement (the Agreement), setting the scene and focus areas for the Flemish Government in the 5 years to come (read the full text here). The last chapter of the agreement outlines the priorities of this Flemish Government in terms of finances and
Administrative tolerance with respect to the UBO-register: no fines until 31 December
In previous news flashes we already informed you about the implementation of the UBO-register, the extension of the deadlines and the updates of the Frequently Asked Questions (FAQ). In the UBO-register, all legal entities need to register their ultimate beneficial owners. The deadline for the registration is set at 30 September 2019. In the absence
Belgian subsidiaries of a listed company to register their corporate structure in the UBO-register
In previous news flashes we already informed you about the implementation of the UBO register, the extension of the deadlines and the updates of the Frequently Asked Questions (FAQ). In the updated version of the FAQ, published on 19 July 2019, the Belgian authorities stated that listed companies are exempted from registering their UBO’s if
Listed companies and the UBO register: not always an exemption!
In previous news flashes we already informed you about the implementation of the UBO register, the extension of the deadlines and the updates of the Frequently Asked Questions (FAQ). In the updated version of the FAQ published on 19 July 2019 the Belgian authorities stated that listed companies are exempted from registering their UBO’s if they are subject
Frequently Asked Questions on Belgian UBO register: new update
In previous news flashes we already informed you about the implementation of the UBO register, the extension of the first registration deadline and a first update of the frequently asked questions. After a first update on 2 April 2019, the Federal Public Service Finance (FPSF) published a new version of the frequently asked questions (FAQ) on
