Latest news & developments
Belgian Tax on Stock Exchange Transactions also soon applicable to ‘foreign platforms’
The Belgian government has just announced that the scope of the Belgian Tax on Stock Exchange Transactions (‘TOB’ or ‘beurstaks’) would be extended in order to also cover ‘foreign platforms’. This announcement is part of the budget agreement presented last Sunday. As a recall, the application of the tax to foreign platforms has raised many
Budget 2017: New tax measures announced – Corporate tax reform reconfirmed but not yet decided
In the framework of the budget for 2017, the Federal Government reached an agreement on several tax measures. On 16 October 2016, during the policy statement, the Prime Minister announced what follows: The speculation tax for individuals on the transfer of quoted shares would be abolished as of 1 January 2017; Tax on stock exchange
Update on the special tax system for foreign executives in Belgium
Recently, there have been rumours about possible changes to the special tax system for foreign executives in Belgium, creating some uncertainty around it. From the privileged contacts PwC has with the tax authorities, it appears there is no intention to change the special tax system as such but rather that the Finance Cabinet is open
Notional interest deduction rate for tax year 2018 is 0,237%
The Belgian NID rate for tax year 2018 (accounting years ending between 31 December 2017 and 30 December 2018, both dates included) would be 0,237%. For SMEs (Small and Medium-sized Enterprises), the NID rate would be 0,737% for tax year 2018. According to article 205quater, §2 of the Belgian Income Tax Code (“BITC”), the NID
Costs proper to the employer – homeworking
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
Royal Decree of 10 July 2016: a new start for alternative investment funds investing in non-listed companies and growth businesses?
On 4 August 2016, the Royal Decree on alternative investment funds investing in non-listed companies and growth businesses was published in the Belgian State Gazette. Its main objective is a new start for investment companies with fixed capital investing in non-listed companies and growth businesses (Public Privaks) (“Publieke Privak”/“Pricaf Publique”). The objective The Royal Decree
Packaged retail investment products: European Parliament returns draft law to Commission
Earlier this week, the European Parliament’s Economic and Monetary Committee (ECON) had already unanimously rejected the European Commission’s investor protection proposals for consumers who buy packaged retail and insurance-based investment products (PRIIPs). The draft legislation consisted of regulatory technical standards (RTS) that accompany the PRIIPs Regulation[1] and were developed by the Commission to provide greater
PRIIPS: Investor protection proposals have been unanimously rejected by ECON
On 1 September 2016, the European Parliament’s Economic and Monetary Committee (ECON) unanimously rejected the European Commission’s investor protection proposals. The Commission’s proposal The European Commission had set out regulatory technical standards (RTS) to provide greater protection to consumers who are interested in investing in packaged retail and insurance-based investment products (PRIIPs). The RTS are
