Latest news & developments
Investment deduction rates for tax year 2025 published
The percentages of the investment deduction for investments made during the taxable period linked to tax year 2025 until 31 December 2024 have been published. Please find below an overview of the percentages that apply for companies. One-off investment deduction Patents, environmentally friendly investments for research and development, energy-saving investments and smoke extraction or ventilation
External financing is increasingly more difficult to obtain. How does it impact transfer pricing policies?
According to the latest update of the quarterly bank lending survey of the European Central Bank (“ECB”), the loan application rejection rate within the Eurosystem continued to increase during the first quarter of 2024, albeit at a slower rate than the previous quarter. In addition, Euro area banks reported a small further net tightening of
Adapted tax provisions regarding ‘judicial reorganisations’ offer new opportunities… and challenges
Recent adjustments of tax provisions regarding ‘judicial reorganizations’ offer new opportunities and challenges for distressed companies and their creditors. Most of these adjustments, aligning tax law with the updated insolvency law, entered into force with retroactive effect to 1 September 2023. The law of 28 December 2023 containing various tax measures has adapted the tax
Mixed and partial VAT payers: Extended submission deadline for VAT real use deduction method
Mixed VAT deduction, particularly prevalent among real estate, financial and holding entities, has seen significant changes since last year. For mixed and partial VAT payers employing the real-use deduction method, new specific annual information submission requirements have been introduced, necessitating submissions through the Intervat system. The required information to be submitted in 2024 includes: Full
New reporting obligation for tenants to declare certain rent payments: risk of non-deductibility in case of non-compliance!
Who is in scope? This new reporting obligation applies in principle to all legal entities and natural persons who are required to file an income tax return in Belgium. It does not matter whether this concerns personal income tax, corporate income tax, legal entity tax or non-resident tax. However, the reporting obligation is only applicable
Additional details about the UK CBAM and its onset from January 1, 2027
Following the EU’s lead with the CBAM in October 2023, the UK has initiated its own version, also aiming to achieve its goal of net zero emissions by 2050. The UK announced plans for its CBAM in December 2023, signalling a significant move towards sustainability and carbon pricing. Additional information regarding the planned implementation of
“Long-lease and lease-back” transactions: a powerful tool to boost your cash position, if tax leakage can be minimised
Introduction (at a glance) Within the domain of corporate finance, the concepts of “sale and lease-back” and “long-lease and lease-back” refer to a transaction whereby the owner sells, alternatively confers a long lease right on a fixed asset and leases it back from the buyer to regain the utilisation of the asset at hand. Such
Belgian draft law amending the investment deduction and innovation income deduction regime
On 29 February 2024, a draft law was submitted covering (amongst others) the investment deduction regime. The proposed changes to the investment deduction included in the preliminary draft law have largely been retained in the draft law submitted by the Belgian government to parliament (see also our newsflash of 14 November 2023). The following items
