Latest news & developments
New PID Regime: Innovation Income Deduction
On 2 December 2016, the Council of Ministers approved the draft Bill on the new Innovation Income Deduction regime. This pre-draft law still has to be approved by Parliament, so the below is still subject to changes. In contrast to the previous Patent Income Deduction (PID) regime, the qualifying patent/innovation income will be calculated on
Draft law on the new Belgian Innovation Income Deduction
Today, the Council of Ministers approved the new Belgian Innovation Income Deduction (IID) which will be BEPS-compliant and will replace the abolished Patent Income Deduction. The draft law is now subject to recommendations from the Council of State. The important takeaways of the IID are: The taxable result of a Belgian company or branch will
Commission proposes new VAT rules to support e-commerce and online businesses in the EU
Yesterday, the EU Commission has introduced a series of proposals to simplify the VAT rules for e-commerce and reduce compliance on online sales of goods. The proposals include: Broadening of the One-Stop-Shop system to companies selling goods online (distance sales); Thresholds for cross-border sales of electronic services; Removal of the VAT exemption for small value
Transfer Pricing Documentation – Forms and guidance published
Today, the Royal Decrees that contain the various models of the forms Belgian entities need to use to submit the Master File, Local File and CbC Report were published in the Belgian Official Gazette. This is the closing stone of the formal introduction of transfer pricing documentation requirements into Belgian tax law. Together with the
New bank tax – practice note
The Belgian tax authorities just issued a practice note with respect to the new bank tax. For late payers, it states that tax should be paid before 30 November 2016. Read the French or Dutch version.
New bank tax – official forms published
The Belgian Official Gazette of today comprises the official tax return and refund forms to be used by credit institutions in the framework of the new bank tax. As a recall, with respect to fiscal year 2016, the new bank tax was due to be paid (and, in principle, declared) by 15 November 2016. The Royal
Belgian Fairness Tax: Status Quaestionis
Introduction. By request sent to the Constitutional Court, a Belgian taxpayer company has filed in January 2014 an action for annulment of the so-called Belgian ‘Fairness Tax’. This action comprises four different causes of action each of them including different headings or arguments: European law: freedom of establishment and Parent-Subsidiary Directive ; Constitutional law: lawfulness principle ; Constitutional law:
Publication of Royal Decree dated 9 November 2016 on Belgian specialised real estate investment funds
PwC is pleased to inform you that the Royal Decree dated 9 November 2016 on Belgian specialised real estate investment funds (better known as “fonds d’investissement immobilier spécialisé” or FIIS / “gespecialiseerd vastgoedbeleggingsfonds” or GVBF) has been published in the Belgian Official Gazette of today, 18 November 2016. As you know, this new investment vehicle
