Home working expense allowance – update
On 1 July 2021 an addendum (Circular 2021/C/62) was issued to the Circular 2021/C/20 of 26 February 2021 on employer contributions for home office work. The Circular 2021/C/20 of 26 February 2021 discusses the tax system for employer contributions for home office work. According to this Circular, employers may grant employees who structurally and regularly
Workforce Podcast – The future of work: what’s next?
The future of work: what’s next? The world of work is developing rapidly. The digital revolution had already increased the pace of change, and the impact of COVID-19 has only added fuel to fire. The pandemic showed us that companies are ready and willing to truly embrace flexible and remote working. Indeed, across industries
Council of Ministers: COVID-19: corona premium in companies
The council of ministers has reached a consensus considering the corona premium in companies. This premium provides that companies that have performed well in the past (corona) year, can give their employees a one-time Corona premium in 2021. The maximum amount is set to EUR 500 per employee and can be granted from the 1st of
Update COVID-19 and cross-border employment: Agreement with the Netherlands extended
In our newsflash of 12 March 2021 we referred to the extension until 30 June 2021 of the mutual agreement between Belgium and the Netherlands, which includes a “force majeure tolerance” for cross-border workers in relation to government imposed COVID-19 (travel) restrictions. With ongoing vaccination marathons the end of the global pandemic definitely seems to
Newsflash – Update foreign real estate
In our newsflashes of 8 December 2020 and 18 March 2021, we referred to the difference in tax treatment for foreign real estate compared to real estate located in Belgium and to the new way of working by attributing a “Belgian cadastral income (kadastraal inkomen / revenu cadastral)” to each foreign real estate. A cadastral
Update COVID-19 and cross-border employment: Agreement with Germany extended
In our newsflash of 31 March 2021 we referred to the extension until 30 June 2021 of the mutual agreement between Belgium and Germany, which includes a “force majeure tolerance” for cross-border workers in relation to government imposed COVID-19 (travel) restrictions. While large parts of the population are vaccinated and the end of the global
Double taxation of foreign dividends – Published FAQ is still holding out on applying foreign tax credit
Last year PwC Legal already covered Belgian (tax) residents’ right to mitigate double taxation of foreign dividends, especially French-source dividends (see Newsflashes of 9 June and 15 December, 2020). Now we bring you the latest updates. In summary, while certain double taxation treaties concluded by Belgium with some countries, in particular France, make it possible
New lump-sum amount for reimbursement of business use of private car.
Employees using a privately-owned car for business purposes can now be reimbursed a lump-sum amount of EUR 0.3707 per kilometre. Costs that an employee incurs when using a privately-owned car for business purposes can be reimbursed by the employer free of income tax and exempt from social security contributions. Repayment can be made on a
