In our Newsflashes of 24 April 2018 and 30 May 2018, we already referred to the announcement of the Dutch government that it will reduce the maximum duration of the 30% ruling, notably from 8 to 5 years, as of 1 January 2019. This proposed legislation to reduce the Dutch expat ruling will also apply to
Employees using a privately-owned car for business purposes can now be reimbursed a lump-sum amount of EUR 0.3573 per kilometer. Costs that an employee incurs when using a privately-owned car for business purposes can be reimbursed by the employer free of income tax and exempt from social security contributions. Repayment can be made on a
When foreign headquartered companies grant stock options to employees of their Belgian subsidiaries, such option grants, where taxable at grant, are ALWAYS reportable by the Belgian employing subsidiary on the employee’s individual statement 281.10. This reporting obligation is due irrespective of whether such subsidiary is involved in the option grant or expenses the stock option
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
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.
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.
Due to a technical legislative mistake the Belgian Official Gazette published again on 8 February 2017 (it was also published on 26 January) the text regarding the Act imposing the ‘newcomers statement’ and the obligation to prove integration. The newcomers statement concerns the statement whereby the signer pledges to respect and comply with the values
The Belgian Federal Government has drafted a Royal Decree modifying the system of Overseas Social Security substantially. The changes will apply to the pension pillar, which constitutes the cornerstone of Overseas Social Security. The Royal Decree was scheduled to enter into force on 1 February 2017, but we were recently informed by the authorities that