Latest news & developments
Publication of updated FAQs on Belgian documentation requirements
On 30 June 2020, the Belgian Tax Authorities published its Circular Letter 2020/C/88 containing an update of the Frequently Asked Questions (FAQ) (previous version dd. 4 May 2018) with respect to the Belgian transfer pricing documentation requirements on Country-by-Country Reporting (CbCR) (articles 321/1 to 321/2 BITC), the notification on CbCR (article 321/3 BITC), the Master
The resident and non-resident corporate income tax return forms for Assessment Year 2020 have been published by the tax authorities
The BizTax e-filing platform would become available by 7 July 2020. It’s no surprise that in total an additional page was required to embed all the necessary entries and related disclosures for new measures entering into force, amongst others: interest limitation rule (“3 MIO/30% EBITDA rule”), group contribution(“Tax consolidation”), Controlled Foreign Corporations (“CFC rules”) and
Update COVID-19 and cross-border employment: agreements with Germany and France extended
As mentioned in our newsflash of 24 June 2020 the agreements concluded between Belgium and the Netherlands/Luxembourg, which implement a mutual “force majeure tolerance” for cross-border workers in relation to COVID-19 (travel) restrictions, were extended until 31 august 2020. We anticipated that a similar extension would become applicable for the agreements between Belgium and Germany/France).
Belgium published FAQ on the DAC 6 rules
As a recap, the DAC 6 directive covers the EU Mandatory Disclosure rules on certain tax arrangements. This directive was enacted in Belgian legislation in December 2019. To further clarify the DAC 6 law in Belgium, the Belgian tax authorities published a FAQ with further guidance on the application of the rules. Recently an extension
Belgian tax audits: increased focus on passive income streams and international cooperation
The recent developments in the international tax world are clearly finding their way into the Belgian tax investigation practice. PwC observes a significant increase in tax audits in which the Belgian tax authorities are focusing on passive income flows (dividend, interest and royalty) and alleged tax abuse through the involvement of intermediary entities. A number
Update COVID-19 and cross-border employment: agreements with Luxembourg and the Netherlands extended
We refer to our previous newsflashes regarding the specific agreements that Belgium has concluded with almost all of its neighboring countries (Germany, the Netherlands, France and Luxembourg). These agreements implement a mutual “force majeure tolerance” for cross border employees in relation to COVID-19 (travel) restrictions. A fiction is created in relation to the employment income
New lump-sum amount for reimbursement of business use of private car
Employees using a privately-owned car for business purposes can now be reimbursed a lump-sum amount of EUR 0,3542 per kilometer. Costs that an employee incurs when using a privately-owned car for business purposes can be reimbursed by the employer free of income tax and exempt from social security contributions. Repayment can be made on a
Annual confirmation of information in the Belgian UBO register
We refer to our previous communication regarding the Belgian UBO register. Under the anti-money laundering legislation, all companies, (international) non profit organisations, foundations, trusts and legal entities comparable to trusts under Belgian law had to register their ultimate beneficial owners in the Belgian UBO register by 31 December 2019 at the latest. In addition to
