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
PwC was nominated for the 2013 HR Excellence Award – your vote counts!
We are delighted to announce that PwC Belgium has been nominated for the 2013 HR Excellence Awards in the following two categories: Best Compensation, Benefits & Tax Company Best HR Strategy & Transformation Consulting Company This prestigious nomination is thanks to you, our client, for the confidence, loyalty and trust you continue to place in
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
Benefit in kind – Private use of company cars: Modified 2013 reference emission for petrol cars
A Royal Decree dated 3 April 2013 has changed the reference CO2 emission for petrol cars that is to be applied to determine the taxable benefit in kind for the private use of a company car by company directors and employees. For income year 2013, this reference CO2 emission for petrol driven cars is now
High Council of Finance disagrees with Belgian tax authorities on future tax treatment of stock options
The former Minister of Finance had instructed the Belgian tax authorities to draft a number of legislative measures to simplify the Belgian tax system. On 13 December 2012, a series of proposals were presented to the “fiscal and para-fiscal” division of the High Council of Finance (Hoge Raad van Financiën/Conseil Supérieur des Finances). One of
New FAQ on company cars published on the tax authorities’ web site
Context When a company car is put at the disposal of an employee, its private use triggers taxation as a benefit in kind (BIK). Private use includes all uses other than the business use. In other words, private use refers to use during evenings, weekends and holidays as well as commuting between home and
PwC was nominated for the 2012 HR Excellence Award – your vote counts!
PwC was nominated for the 2012 HR Excellence Award – your vote counts! We are delighted to announce that PwC Belgium has been nominated for the 2012 HR Excellence Awards in the following three categories: – Best Compensation, Benefits & Rewards Company – Best HR Strategy & Business Transformation Company – Best Social Law, Regulatory
