Belgian Tax on Stock Exchange Transactions: official form available
The tax administration has just published the new official form for the Belgian Tax on Stock Exchange Transactions (TSET), further to its recent scope extension (French/Dutch). More information about the TSET reporting and payment can be found on the dedicated webpage (French/Dutch) of the FPS Finance. A Royal decree and FAQs are expected in the coming
Innovation income deduction, an opportunity for the financial sector!
The new corporate income tax regime labelled as ‘innovation income deduction’ (IID) is about to be enacted. Given its new scope of application, it opens new opportunities for the FS sector in Belgium. Indeed, the IID regime is now applicable to a broader range of intellectual property (IP) assets and, as such, could be of interest
Commonly named “catch-all” clause – Amendments enacted
The commonly named “catch-all” clause (article 228, §3 BITC) has been recently amended. One of the main points requiring special attention is the addition of a new condition of application, namely the requirement of any direct or indirect link of interdependence. Below, we provide some background as regards the previous version of the “catch-all” clause
Bill transposing the UCITS V Directive has been submitted to the Belgian Chamber of Representatives
On 2 December 2016, a Bill was submitted to the Belgian Chamber of Representatives to transpose Directive 2014/91/EU on undertakings for collective investment in transferable securities (UCITS V or the Directive)(1). The Directive revises the UCITS Directive(2) in relation to depositary functions, remuneration policies and sanctions. Transposing UCITS V The Directive introduces new rules on undertakings for
New bank tax – official forms published
The Belgian Official Gazette of today comprises the official tax return and refund forms to be used by credit institutions in the framework of the new bank tax. As a recall, with respect to fiscal year 2016, the new bank tax was due to be paid (and, in principle, declared) by 15 November 2016. The Royal
Belgian Fairness Tax: Status Quaestionis
Introduction. By request sent to the Constitutional Court, a Belgian taxpayer company has filed in January 2014 an action for annulment of the so-called Belgian ‘Fairness Tax’. This action comprises four different causes of action each of them including different headings or arguments: European law: freedom of establishment and Parent-Subsidiary Directive ; Constitutional law: lawfulness principle ; Constitutional law:
Publication of Royal Decree dated 9 November 2016 on Belgian specialised real estate investment funds
PwC is pleased to inform you that the Royal Decree dated 9 November 2016 on Belgian specialised real estate investment funds (better known as “fonds d’investissement immobilier spécialisé” or FIIS / “gespecialiseerd vastgoedbeleggingsfonds” or GVBF) has been published in the Belgian Official Gazette of today, 18 November 2016. As you know, this new investment vehicle
New Bank Tax: Filing and Payment Deadline set to 30 November 2016
The Belgian Act of 3 August 2016 implemented a “new yearly tax on credit institutions replacing the existing yearly taxes, the limitations to the corporate income tax deductions and the financial stability contribution” under articles 201(10) and following of the Belgian Code of Various Duties and Taxes (below referred to as the “New Bank Tax”).
