Update – New rules regarding the lump-sum value for PC, laptop, smartphone, tablet & internet put at the disposal via the employer – Practice note
In our Newsflashes of 26 October 2017 and 13 November 2017, we already made reference to new upcoming lump sum values. These anticipated changes have been introduced by the Royal Decree of 2 November 2017, which was published in the Official Gazette on 13 November 2017. The Belgian tax authorities have published a Practice Note
New rules announced regarding the lump-sum value for PC, laptop, smartphone, tablet & internet put at the disposal via the employer
Recently, the Minister of Finance announced new rules for valuation of certain benefits in kind (pc, laptop, smartphone, tablet and internet) and this as from 1 January 2018. As a result, the personal income taxes & social security rules are simplified & aligned and (lump-sum) values are reduced to be more realistic. If an employer
On 26 July 2017, the federal government reached an agreement on an important tax, economic and social reform package. A significant gradual reduction in the corporate income tax rate to 25% in 2020 and fiscal consolidation are key components of the package. The agreement preserves the notional interest deduction. The tax reform is built around
Remark: The following announced measures will have to be formalised in draft legislation which should only be available as from September/October. Only then will full details be known. On 26 July 2017, the Federal government reached an agreement on an important corporate tax reform, significantly reducing the corporate tax rate. More details will follow below.
If certain conditions are met, no income taxes and no social security contributions are due on allowances which are attributed as a ‘repayment of costs proper to the employer’. The National Social Security Office has recently decided to increase the maximum lump-sum allowance which can be attributed as a cost proper to the employer for