Personal income tax, Act on various measures
On 6 April 2012, the program law of 29 March containing amendments and clarifications of the measures introduced by the Act of 28 December 2011, was published. The personal income tax provisions recorded in this recent act concern, amongst other things, company cars. The act confirms the proposed changes in the valuation of used cars,
New daily lump-sum allowances list as from 1 April 2012
Context 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 provided the lump-sum amount is determined based on reasonable
Additional municipal income tax
Income earned by a tax resident of Belgium in The Netherlands, Germany and/or France is exempted from Belgian income tax (be it with progression reserve). The exemption however only relates to federal tax and not to municipal taxes. Therefore it is important to know on which basis the municipal tax is calculated: on the ‘net
Proactive announcement of specific tax audits
The Belgian tax authorities have decided to increase the number of tax audits on a yearly basis. In a recent communication they have announced that they will mainly focus on the following items: internet sales employees claiming actual professional expenses company directors claiming actual professional expenses non-profit organisations that may be subject to corporate income
Due dates for filing individual salary statements
The Belgian tax authorities have recently published the new models for individual salary statements 281.10 to 281.30 for income year 2011. Please note that the due date for filing individual salary statements 281.10 to 281.30 has been set at 29 February 2012. The filing date for individual salary statement 281.50 and summary statement 325.50 remains
New changes in the taxation of company cars
As announced in our previous Headlines, the law containing various measures published in the Official Gazette on 30 December 2011 fundamentally changes the way of computing the taxable benefit in kind arising from the private use of a company car, effective 1 January 2012. As explained, the yearly taxable benefit in kind will be computed
New Belgian Personal Income Tax Measures – Update
On 30 December 2011, the Act of 28 December 2011 containing various (tax) measures was published in the Official Gazette. It contains some – but not all – of the measures announced by our government in December of last year. The personal income tax provisions, recorded in this recent Act, concern: – changes in the
