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Latest news & developments

EU Directive on Tax Dispute Resolution Mechanisms formally adopted

13 October 2017

On 10 October 2017, the ECOFIN Council formally adopted a Directive on tax dispute resolution mechanisms in the EU. The objective is to establish more effective and efficient procedures within the EU. The Directive builds on the existing Convention 90/436/EEC on the elimination of double taxation in connection with the adjustment of profits of associated

Belgian Tax reform: Individuals – Reduction of tax benefits

12 October 2017

In the scope of the agreement reached during the summer, the federal government announced several new tax measures. From a personal tax point of view, one of the changes foreseen is to reduce the tax benefits granted to people for whom the taxable period does not correspond to a full calendar year. In such case,

Business travel within Belgium: new rules for lump-sum cost reimbursements

9 October 2017

General principle An employer can reimburse employees for business related expenses. In principle, the reimbursement of genuine business expenses is not treated as taxable income in the hands of the employees and company directors, as it concerns costs proper to the employer or company. In practice, business expenses are often reimbursed via detailed expense reports

EU Commission launches Proposal for Definitive VAT system

4 October 2017

As part of the VAT action plan as launched on 7 April 2016, the EU Commission announced a legislative Proposal for the Definitive VAT system for Cross Border EU Trade. Said proposal was published today (hereafter referred to as the Proposal)  and introduces the cornerstones of the Definitive VAT system for Cross Border B2B EU trade. A forthcoming proposal

New daily lump-sum allowances list as from 1 October 2017

3 October 2017

An employer/company can pay daily lump-sum allowances for foreign business travel to employees or company directors in order to reimburse certain expenses. If the lump-sum reimbursements for short-term business trips abroad (not exceeding 30 calendar days) are determined on the basis of the list of allowances paid by the Federal Public Department of Foreign Affairs