Update COVID-19 and cross-border employment: agreement with the Netherlands extended
In our newsflash of 28 August 2020 we announced the extension of the mutual agreement between Belgium and the Netherlands, which includes a “force majeure tolerance” for cross-border workers in relation to COVID-19 (travel) restrictions. The number of officially registered COVID-19 infections in Europe is still significant. Home working has become the new normal and
Update COVID-19 and cross-border employment: agreement with France extended
We refer to our newsflash of 1 September 2020 in which we announced the extension until 31 December 2020 of the mutual agreement between Belgium and France, which includes a “force majeure tolerance” for cross-border workers in relation to COVID-19 (travel) restrictions. Currently, most European countries (including Belgium and France) are trying to overcome “the
Cadastral income for properties abroad?
On 12 November 2020 the European Court of Justice (ECJ) imposed a lump-sum fine of EUR 2 million and a daily penalty of EUR 7.500 for each day that the Belgian tax authorities continue to maintain a difference in tax treatment for rental income depending on whether the property is located in Belgium or abroad.
Update – American Belgians risk losing their Belgian bank account
As stated in our newsflash of 23 August 2019, Belgians with the American nationality risk losing their Belgian bank accounts because of the strict application of the U.S. FATCA-legislation. In reply to a recent parliamentary question, the Minister of Finance provided further input on this matter going forward. Accidental Americans In application of the Foreign
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
