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Latest news & developments

26 October 2020

Circular letter published on consumption cheques

As mentioned in our newsflash of 9 june 2020, the federal government has agreed that employers will be able to grant consumption cheques to their employees to support the sectors most affected by the corona crisis. On 22 October, the Belgian Tax Authorities have published an administrative guideline clarifying some practicalities for employers to offer

13 October 2020

Additional extension for the filing of corporate tax returns: 16 November 2020

In the newsflash of July 2020, we informed you that the Minister of Finance decided to extend the initial filing due date for filing the corporate income tax returns of assessment year 2020 to 29 October 2020. All Belgian companies (and foreign entities having a Belgian establishment) could benefit from this extension. It has now

2 October 2020

High net worth individuals on the radar of Vivaldi!

One of the measures announced by the newly formed government (“the Vivaldi coalition”) is the taxation of the major financial transactions (“MFTT”). Although only the main principles of this tax are known at this stage, the purpose would be to tax high net worth individuals. The impact of the tax is estimated between 150 to

30 September 2020

A first glimpse in the tax measures of the Vivaldi government

Belgium lands on relaunch government Today, 7 political parties reached an agreement on the formation of a new Belgian government (the so-called Vivaldi government).  While the last edits are being made to the agreement, the broad outline is becoming clear.  The agreement mentions the intention for a relance and investment plan of 4.7 bln EUR

30 September 2020

Tax loss carry-back system: administrative circular letter published

On 22 September 2020, the Belgian tax authorities issued a circular letter (administrative guideline) in relation to the tax loss “carry-back” system. Previously, a Royal Decree was published on 1 September 2020 which further clarifies the formalities to be fulfilled in order to apply the loss “carry-back” system. In our newsflash of 2 July 2020,