Update COVID-19 and cross-border employment: agreements with Luxembourg and the Netherlands extended
We refer to our previous newsflashes regarding the specific agreements that Belgium has concluded with almost all of its neighboring countries (Germany, the Netherlands, France and Luxembourg). These agreements implement a mutual “force majeure tolerance” for cross border employees in relation to COVID-19 (travel) restrictions. A fiction is created in relation to the employment income
With the European borders gradually opening, will there be an impact on business travel, in the post pandemic era – that’s the question?
Business travel was thriving… And businesses saw opportunities in the ever growing globalisation. Millions of people were travelling around to conclude contracts, to network and to invest in their personal growth and development, resulting in a yearly incremental growth in the (business) travel industry. Business travel had become a habit for many… Until COVID-19 showed
UK has published its future import tariffs
During the current Brexit transition period, goods can still be shipped tariff free and without import and export formalities from the EU mainland to the UK and vice versa. After the transition period, scheduled for 1 January 2021, EU – UK trade will be subject to import and export formalities and the UK will set
DAC 6 reporting deadlines deferred with 6 months
Due to the COVID-19 pandemic and by way of administrative tolerance, the Belgian government has granted a 6-month delay to fulfil the first reporting obligations under the DAC 6 legislation. The decision follows a European proposal for an amending council directive in this respect. In short, DAC 6 provides for the obligation to report certain
Update COVID-19 and cross-border employment: agreements with Germany and the Netherlands extended
As announced in our previous newsflashes, Belgium has concluded several agreements with almost all of our neighboring countries (i.e. Germany, the Netherlands, France and Luxembourg). These agreements implement a mutual force majeure tolerance for cross-border employees in relation to the COVID-19 (travel) restrictions. Based on the specific Belgian-German agreement of 6 May 2020, if certain
Update – Fast Track Ruling – Homeworking (Expense Allowance)
We refer to our newsflash of 19 March on the implementation of the Fast Track Ruling (Fast Track Ruling – Homeworking, Expense Allowance). On 29 May, the Rulings Office (Dienst Voorafgaande Beslissingen in Fiscale Zaken/Services des Décisions anticipées en Matières Fiscales) published on its website a new COVID-19 application model document that has been slightly adjusted
The impact of COVID-19 on routine profits
Evidencing downward adjustments for limited risk entities commands more than a quick browse through high-level macroeconomic trends. As many companies consider to adjust their transfer pricing (TP) policies as a result of the current economic situation, we’ve performed a robust macroeconomic analysis linked to some 180,000 company data points. The approach is rooted in work
Update COVID-19 and cross-border employment: agreement between Belgium and Luxembourg on home working
As highlighted in our previous newsflashes, Belgium has recently concluded mutual agreements with the Netherlands, Germany and France regarding a “force majeure” approach for cross-border workers. An agreement with Luxembourg was still missing. However, the Belgian government has now published the Belgian-Luxembourg agreement recognising the ‘force majeure’ character of the COVID-19 health crisis and introducing
