Mobility budget – Agreement within the Federal Government
Earlier this week, the anticipated legislation regarding the mobility allowance (“cash for car”) was approved by Parliament. Following the advice and remarks from several official institutions, the government also started working on the introduction of a mobility budget. It is anticipated that when the mobility budget, will also become legislation, it will co-exist with the
The Belgian tax on securities accounts published in the official Belgian Gazette
In the Newsflash of 12 February 2018, we already made reference to the new rules regarding the Belgian tax on securities accounts. These rules have now been introduced by the Belgian law of 7 February 2018, which was published in the Official Gazette on 9 March 2018. In a nutshell, this new regime is a wealth
Taxation of Dutch AOW pensions – Circular 8 March 2018
Certain taxpayers, who have been living and/or working in The Netherlands, may decide to move their residency from The Netherlands to Belgium and retire in Belgium. Over the years, there has been quite some discussion and uncertainty in the Belgian fiscal landscape with respect to the taxation of Dutch AOW pensions, paid to tax residents
Update – Dutch and Belgian tax authorities agree on taxation of Dutch pension schemes
In our newsflash of 16 February 2018 we referred to the notifications that have been sent by the Dutch tax authorities (since the end of 2017) to pensioners who are tax residents of Belgium and who receive EUR 25,000 or more per annum under a Dutch pension scheme. In these letters, the Dutch tax authorities
Update – Benefit in kind (smart)phone & split bill
In the Newsflashes of 26 October 2017, 13 November 2017 and 22 December 2017, we already made reference to the new rules regarding the lump-sum valuation for the benefits in kind (in relation to the private use) of a PC, laptop, GSM, smartphone, tablet and internet put at the disposal via the employer. As from 1
Dutch wage tax exemption withdrawals affecting Belgian residents’ Dutch pension schemes
Since end of last year, about 1,300 pensioners who receive benefits of EUR 25,000 or more per annum under a Dutch pension scheme and who are resident in Belgium have been notified by the Dutch tax authorities that the exemption these pensioners enjoyed as regards Dutch wage tax withholding over such benefits is withdrawn effective
Tax Ruling Service specifies “disproportional grant” of warrants or OTCs in two particular cases
In the past, the Tax Ruling Service has taken several decisions whereby it was not excluded that the grant of warrants/options on Beveks/Sicavs or the grant of quoted options could be considered as an improper use if such grant would be considered ‘disproportionate’ in comparison with the conventional attributed remuneration. The Tax Ruling Service never
Benefit in kind – Private use of a company car: updated formula for 2018
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 published on 19 December 2017 (Royal Decree of 13 December 2017). For income year 2018, the following CO2 emission will be applied to the above
