Company cars: decrease of the lump sum benefit in kind will no longer be possible
If we’re talking about company cars, there’s one element that keeps on coming back over the past few years: our fleet needs to become greener. Now, the Belgian parliament has introduced a Proposal of Law (Doc 55 0904 – 2019/2020)which is (again) looking at the reference CO2-emission which is used to determine the taxable benefit
Company cars: the list of false hybrids has been updated
Over the past few years, the taxation of cars has been linked more and more to their ecological footprint, and more specifically, their CO2-emission. This is not different for hybrid cars. Half a year after the previous update, the list of corresponding vehicles for “fake hybrids” has been updated again. You can find the list
Draft bill introducing a new annual tax on securities accounts
On 31 October 2020, the Council of Ministers approved a draft bill introducing a new annual tax on securities accounts in the Code of Various Duties and Taxes (CVDT). The Council of State is being requested to give its opinion on the draft bill. The Government intends to submit the bill to Parliament by year-end.
Further details on the tax measures of the Vivaldi government
Introduction The program law regarding the budget statement of 2021 has recently been issued by the Belgian Vivaldi government. Again an opportunity for the PwC tax reform news room to highlight the most important tax measures that have been introduced from a personal, corporate and indirect tax perspective. Personal tax Non-indexation of fiscal amounts For
Commission refers Belgium to the European Court of Justice: deduction of alimony payments for non-residents
As stated in a press release on 30 October 2020, the European Commission decided to refer Belgium to the Court of Justice of the European Union regarding its legislation on the deductibility of alimony payments from the taxable income of non-resident taxpayers. According to current Belgian legislation, alimony payments cannot be deducted from the taxable
Circular letter published on consumption cheques
As mentioned in our newsflash of 9 june 2020, the federal government has agreed that employers will be able to grant consumption cheques to their employees to support the sectors most affected by the corona crisis. On 22 October, the Belgian Tax Authorities have published an administrative guideline clarifying some practicalities for employers to offer
Expatriate tax regime: educational expenses can be reimbursed tax-free as from the age of 5 (3rd kindergarten)
The compulsory school age throughout Belgium has been lowered from 6 years to 5. As from September 2020, all children that reach the age of 5 are considered of school age. This can also have an impact for companies employing foreigners under the special tax regime for foreign executives and specialists in Belgium. Costs proper
Wage withholding tax incentives: COVID-19 measures and extension of 2019 deadline
Various tax support measures were developed to support entrepreneurs and employees during the COVID-19 crisis. This news flash provides an overview of the most recent measures with an impact on the wage withholding taxes, combined with more news on the extension of the deadline for 2019 wage withholding tax corrections. Royal decree published regarding temporary
