Belgian withholding taxes on French dividends will drop significantly
After a long juridical battle, the Belgian Ministry of Finance will accept the ruling of the Belgian Supreme Court/Court of Cassation which allows private individuals investing in French stocks on the stock market, to subtract a part of the French withholding taxes from the Belgian withholding taxes which are due on dividends received from those
Update COVID-19 and cross-border employment: agreement with Germany extended
In our newsflash of 31 August 2020 we announced the extension of the mutual agreement between Belgium and Germany, which includes a “force majeure tolerance” for cross-border workers in relation to COVID-19 (travel) restrictions. Although the first vaccines have been distributed, the COVID-19 pandemic still has a huge impact on our lives. It is anticipated
Benefit in kind – Private use of a company car: updated formula for 2021
The new reference CO2 emission for calculating the taxable benefit in kind for the private use of a company car in the hands of company directors and employees has been communicated on 15 December 2020 (a Royal Decree will follow as soon as possible). For income year 2021, the following CO2 emission will be applied
Update COVID-19 and cross-border employment: agreement with Luxembourg extended
In our newsflash of 28 August 2020 we announced the extension of the mutual agreement between Belgium and Luxembourg, which includes a “force majeure tolerance” for cross-border workers in relation to COVID-19 (travel) restrictions.
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
