Lump sum allowances for foreign business trips exceeding 30 calendar days
An employer/company can pay daily lump-sum allowances for foreign business travel to employees or company directors in order to reimburse their expenses. In principle, no tax-free lump-sum allowances are permissible for business trips of more than 30 calendar days. However, in the past, the Rulings Commission agreed that, under certain circumstances and up to a
Administrative fines
The Royal Decree of 24 September 2013 on administrative fines was published in the Belgian Official Gazette on 30 September 2013. This decree introduces a new scale for administrative fines. Each infringement of the requirements laid down in the Income Tax Code (e.g. incorrect or late filing of tax returns) will now give rise to
The Netherlands – Prinsjesdag – Budget Day 2014
On 17 September 2013, the Dutch government announced its Budget Memorandum and the 2014 Tax Package. Two important items included in the measures proposed are: continuation of the crisis levy of 16% (employer duty) on salaries paid during 2013 exceeding the cap of EUR 150,000 introduction of a maximum deductibility threshold for pension contributions set
Tax reduction for service vouchers
Services paid for assistance in the household via service vouchers give rise to a tax deduction of 30% of the amounts paid. However, the tax-deductible amount is limited to EUR 1,810 (amount to be indexed) per year and per taxpayer. For payments made as from 1 July 2013, the maximum tax-deductible amount has now been
Update – Economic Recovery Plan published in the Official Gazette
With reference to our previous HRS Headlines of 8 February 2013 and 28 May 2013, relating to the pre-draft tax bills dealing with sustainable development, we can inform you that this anticipated legislation has now been published in the Official Gazette. Among other things, it aims at affecting certain tax measures under the 2012 Economic
Draft Program Act of 3 June 2013
Following the agreement on the federal budget plan for 2013, which we discussed in our HRS Headline of 4 April 2013, the Federal Government has now submitted draft legislation ( bill ) to Parliament, proposing new tax measures. The bill includes both the introduction of a uniform (withholding) tax rate of 25% (instead of the
Economic recovery plan – Upcoming tax measures – update
As mentioned in our HRS Headline of 8 February 2013, at the initiative of the previous Minister of Finance, a pre-draft tax bill was approved in February dealing with sustainable development. The draft legislation, which was tabled in Parliament on 17 April 2013, was approved by the Chamber of Representatives on 16 May 2013 and
New daily lump-sum allowances list as from 1 April 2013
New daily lump-sum allowances list as from 1 April 2013 Reimbursements by the employer of expenses, incurred by an employee within the scope of his employment, are exempt from tax to the extent that they can be supported by appropriate documentation. The tax exemption of a lump-sum reimbursement of such expenses may also be allowed
