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Latest news & developments

28 February 2021

Public Country-by-Country reporting is moving ahead!

On 25 February 2021, the Ministers of Internal Market and Industry met virtually to discuss a proposal for Directive on the so-called Public Country-by-Country Reporting. Under this proposal, revived under the current Portuguese Presidency of the Council of the European Union, multinational enterprises with consolidated revenue of more than 750 million euro during the last

24 February 2021

Shareholders’ say on pay – Prepare your next general meeting – Last call

In our newsflash dated 6 May 2020, we informed you about the extended say on pay of shareholders introduced by the Revised Shareholders’ Rights Directive (SRD II) and implemented into Belgian law for Belgian quoted companies. Remuneration report: extended transparency on individual pay disclosure & pay ratio Shareholders have their word to say on the

17 February 2021

Home working expense allowance – update

On 12 February, the Minister of Finance, Mr. Vincent Van Peteghem announced that some fiscal support measures will, further to the Covid-19 pandemic, be extended. One of these measures relates to the home working allowance. Since the government thinks that many companies will continue encouraging home working after the Corona Crisis, the tax-free allowance for

16 February 2021

Tax Bites Podcast: The Biden administration

What to expect on the tax policy front? Now that the dust has settled on the US elections, it is time to look ahead and see what the Biden administration will bring to the table. This not only in terms of US tax reform, but also in the context of the international debate on global

8 February 2021

Company cars: the list of false hybrids has been updated

Over the past few years, the taxation of cars has been linked more and more to their ecological footprint, and more specifically, their CO2-emission. This is not different for hybrid cars. A few months after the previous update, the list of corresponding vehicles for “fake hybrids” has been updated again earlier this week. You can

5 February 2021

Debt waivers without a tax cash out (?)

Last week, Belgian Minister of Finance Van Peteghem announced to extend the scope of the existing Belgian tax exemption for debt waivers to non-judicial debt reorganizations. This is very relevant for debt restructurings involving Belgian debtors, especially as the 2018 Belgian tax reform introduced a cap on the amount of certain tax attributes (such as

1 February 2021

Tax forms 281.10 (employees) and 281.20 (company directors) – Income of 2020: also for remuneration received from related foreign companies!

The models of salary slips (“Fiche 281.10” for employees and “Fiche 281.20” for company directors) to be used to report remuneration paid or granted in 2020 are now available on the Federal Public Service (“FPS”) of Finance’s website. The fiches 281.10 and 281.20 must be lodged electronically (via Belcotax-on-Web) with the FPS before 1 March