An employer/company can pay daily lump-sum allowances for foreign business travel to employees or company directors in order to reimburse certain expenses. If the lump-sum reimbursements for short-term business trips abroad (not exceeding 30 calendar days) are determined on the basis of the list of allowances paid by the Federal Public Department of Foreign Affairs
Remark: the following announced measure will have to be formalised in draft legislation which should only be available as from September/October. Only then will full details be known. As already mentioned in the PwC Newsflash of 4 August, the federal government reached an agreement on 26 July 2017 on important tax, economic and social reform
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.
Employees using a privately-owned car for business purposes can now be reimbursed a lump-sum amount of EUR 0.3460 per kilometre. 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
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