R&D wage withholding tax incentive audits – Mind the formalism and prepare yourself
As mentioned in our earlier newsflash the Belgian tax authorities have been issuing extensive and numerous tax audits with respect to the application of the wage withholding tax exemption for Research and Development over income year 2017. Please find hereafter some very important key takeaways. Mind the formalism and be prepared to substantiate the incentive claimed!
Constitutional Court Annuls the Tax on Securities Accounts
By law of 7 February 2018, the legislator introduced a tax on securities accounts (“taks op de effectenrekeningen”/“taxe sur les comptes-titres”). Many petitions to annul this law have been introduced before the Constitutional Court. In its judgement dd. 17 October 2019, the Constitutional Court annulled the law (and thus the tax), but decided to maintain
Charitable bequests and donations: an update
The new Flemish Government has announced some important changes in the field of bequests and donations. 1. Duo bequest (duo-legaat / duo-legs) In case of a so called ‘duo bequest’, (part of) the estate is left to a charity organisation under the condition to pay out a certain amount of the bequest to a
Belgian Tax on Savings Income (art. 19bis BITC): Important Practice Note
Last week, the Belgian tax authorities published a practice note commenting on the scope of application of the Belgian Tax on Savings Income (or “Reynders Tax”). Capital Gains Tax. As a recall, the Belgian Tax on Savings Income (“BTSI”), also referred to as the Reynders Tax, (the main provision of which being “art. 19bis” of the Belgian Income Tax
New Flemish Government – Coalition Agreement (2019-2024): Anticipated tax changes for individual persons
On 30 September 2019, the new Flemish coalition agreement was finally announced (read the full text here). Below, you can find an overview of the most important anticipated changes from a personal income tax point of view. For an overview of the gift and inheritance tax measures, we refer to our newsflash of 3 October
New Flemish Government: announcement gift & inheritance tax measures
On 30 September 2019, the Flemish negotiating political parties presented the Flemish Coalition Agreement (the Agreement), setting the scene and focus areas for the Flemish Government in the 5 years to come (read the full text here). The last chapter of the agreement outlines the priorities of this Flemish Government in terms of finances and
