Tax audits – Partial wage withholding tax exemption for R&D
The Belgian tax authorities are again issuing tax audits with respect to the application of the wage withholding tax exemption for Research and Development over income year 2017. Extensive list of questions A few years ago, a similar wave of audits took place. Compared to the previous tax audits, we notice that the list of
Mobility budget (and changes on mobility allowance) finally entered into force
Last week, the Chamber of Representatives finally approved the draft law of the mobility budget. The idea of the mobility budget is (just like the mobility allowance) to stimulate employees who have a company car to opt for different means of transportation. Via this way, the government hopes to tackle the mobility problem and to
Benefits granted by foreign companies: Reporting and withholding tax obligation – approved by parliament
We refer to our previous headline of 22 January 2019 regarding the draft law introducing a reporting and wage withholding tax obligation in the hands of Belgian employers/companies, in case affiliated foreign companies grant taxable benefits to employees or company directors working for a Belgian company. The draft law is now approved by parliament and the measures
Draft law modifying the mobility allowance (better known as the cash for car) adopted at first reading by the Finance Commission
Last Wednesday, the Finance Commission has approved at first reading the draft law modifying the Mobility Allowance. The main goals of the changes are to increase the attractiveness of the Mobility Allowance as well as to align it with the future Mobility Budget scheme. The Mobility Allowance, which entered into force last year, is an
Benefits granted by foreign companies: Reporting and withholding tax obligation – Amended timetable
In our headline of headline of 22 January 2019 we informed you about the fact that the parliamentary finance commission has approved the draft law introducing a reporting and wage withholding tax obligation in the hands of Belgian employer/companies, in case affiliated foreign companies grant taxable benefits to employees or company directors working for a Belgian company. Once
Benefits granted by foreign companies: Reporting and withholding tax obligation – Update
Based on the current Belgian income tax legislation, there is no obligation to withhold, deduct and pay wage withholding taxes when benefits are granted by foreign (parent) companies to employees and/or company directors of Belgian (subsidiary) companies, provided the Belgian company does not intervene in the attribution of the benefits and provided no costs are re-charged
