Latest news & developments
Brexit update: BE VAT registration with the appointment of a fiscal representative for UK companies
Considering the UK left the European Union on 31 January 2020 and the ‘stand-still‘ transition period will come to an end on 31 December 2020, new details on how UK companies will need to organize their business in terms of VAT registration in Belgium and the related timing to comply are beginning to surface. As
Podcast on “The European Commission tax package for fair and simple taxation”
On July 15 the European Commission adopted its tax package for fair and simple taxation. Listen to our podcast to get all the insights: The tax package is a response to the dual challenge of the current crisis: supporting a swift and sustainable economic recovery and ensuring sufficient public revenue in the EU. It contains
Late corporate tax filings trigger notification of ex-officio assessment: mind and manage the adverse tax consequences
We noticed that lately the Tax authorities, in a coordinated effort, addressed notifications of ex-officio assessment to corporate taxpayers that did not yet file the corporate income tax return for Assessment year 2019 or that filed the return late. If no return has been filed yet, the company can be assessed on a lump sum
New Circular letter – Home working expense allowance
As working from home will be the new normal for many companies, the Belgian tax authorities released a circular letter including guidelines for the application of a lump sum allowance for home office expenses. If the home working is done in a structured and recurring manner an amount of up to EUR 129,48 per month (as from 1
General Court of the EU annuls the EC’s decision in Apple
On 15 July 2020, the General Court of the European Union (‘GC’), annulled the final State aid decision of the European Commission (‘EC’), based on the argument that the EC did not demonstrate the existence of a selective economic advantage within the meaning of the State aid rules. It remains to be seen whether the
FTA between EU and Viet Nam to enter into force 1 August 2020
On 30 June 2020 it was published in the Official journal of the European Union that the Free Trade Agreement (FTA) between the European Union (EU) and the Socialist Republic of Viet Nam (Viet Nam) will enter into force on August first of this year. What can this possibly mean for your company? If
Circular containing technical clarifications regarding the 30% EBITDA rule
On 10 July 2020 a new Circular letter was published regarding the 30% EBITDA regulation (Dutch/French version).The Circular is intended to provide some additional clarifications on remaining ambiguities on the 30% EBITDA regulation, as contained in Article 198/1 BITC 92 and Article 73 RD/BITC. These clarifications are highly technical in nature and underscore again that
Circular 2020/C/96 on the taxable basis of foreign movable income
On July 9, 2020, the Belgian Tax Administration published the Circular 2020/C/96 with respect to the determination of taxable income in case of collection of foreign movable income. It confirms that, in case of collection of a foreign movable income, the taxable amount is determined by deducting the foreign tax effectively withheld from the foreign
