Latest news & developments
The European Court of Justice decides the Belgian excess profits regime constitutes an aid scheme and refers the case back to the General Court
In its decision of 16 September 2021 the European Court of Justice (‘ECJ’) overruled the judgement of the General Court of 14 February 2019. Different from the General Court, the ECJ concluded that the three conditions for an aid scheme to exist are met. The ECJ referred the case back to the General Court, which
Draft law implementing the zero-emission company car as the new standard
As indicated in our newsflashes of 21 April 2021 and of 18 May 2021, it was agreed in the government declaration to adapt the tax and social legislation around mobility to stimulate the green agenda. On 14 September the draft law specifying the fiscal and social treatment of company cars was submitted to The Chamber.
Tax forms 281.10 and 281.20 – Get ready to map and report the actual reimbursement of expenses of your employees and directors!
According to article 57 of the Belgian income tax code (hereafter ‘BITC’), certain costs will only be tax deductible to the extent that they are properly reported on individual fee forms (281.10 for employees and 281.20 for company directors). This includes commissions, brokerage fees, trade rebates or other discounts, remuneration, bonuses, fees, allowances (‘vergoedingen’ /
Cross-border employment Belgium-Luxembourg: “24-days” rule becomes “34-days” rule
In our newsflash of 20 June 2019, we referred to the negotiations regarding the double tax treaty concluded between Belgium and Luxembourg, with respect to the taxation of individuals working in a cross-border context and more specifically on the possible relaxation of the existing tolerance of 24 days. On 31 August 2021, the Belgian Prime Minister, Alexander De Croo
The reconstitution reserve allows to exempt profits from corporate tax
The so-called reconstitution reserve is part of the additional economic, tax and financial measures to soften the economic consequences of the COVID-19 pandemic and supports companies to restore their equity level and safeguard sufficient cash flow and solvability in the years to come. Covid-loss, future profits, how does it work in practice? The reconstitution reserve
Implementing rules to the tax on securities accounts
The royal decree of 6 August 2021 with regard to the declaration, payment and various rules relating to the annual tax on securities accounts has been published on 23 August 2021. It directly enters into force. It provides for the following: The rules for electronic filing of tax returns (and, alternatively, paper filing) and payment
Belgian tax on securities accounts: Belgian insurers are on the offensive
On 16 August 2021, Assuralia, the Belgian professional union of insurance undertakings introduced an action for partial annulment of article 4 of the law of 17 February 2021 (Official Journal of 25 February 2021) introducing an annual Tax on Securities Accounts (TSA) in the Belgian Code of Various Duties and Taxes (CVDT). The role number
PwC’s podcast voor de (semi)publieke sector – Nieuwe btw-regels in de zorg: impact voor de ziekenhuizen
De nieuwe regeling die de btw-vrijstelling voor medische zorg fors inperkt, zal in werking treden op 1 januari volgend jaar. De nieuwe wetgeving zal ook een impact hebben op het btw-statuut van onze ziekenhuizen. Zij zullen hun diensten enkel nog van btw kunnen vrijstellen als er een therapeutisch doel aan verbonden is. In deze aflevering
