Latest news & developments
COVID-19 #10 Cash tax forecasting
The current pandemic not only puts great pressure on our healthcare system, it is also paralysing the economy. As businesses are suffering, cash flow management has become a top priority in many organisations. In this respect, cash tax forecasting can support groups in optimising their available cash. Item #10: Cash tax forecasting At macroeconomic level,
Fee forms 281.50: the filing deadline of 29 June is approaching!
Over the past few weeks, the Belgian government has taken many measures to reduce the impact of the COVID-19 crisis. Even though many filing and payment delays have been announced, no communication has (currently) been made as regards the filing due date of the fee forms 281.50. Consequently, as per today, fee forms 281.50 are
Impact of COVID-19 on your globally mobile employees
Currently, most companies have employees who are business travelers or who work (and live) in a different country due to assignments, intracompany moves, projects, etc. The continued spread of the Coronavirus (COVID-19) confronts the Global Mobility function of organisations with multiple complexities of managing these employees. As safety and welfare of employees is the top
COVID-19: the Netherlands and Germany reach agreement on “force majeure” tolerance for cross-border employment
The Netherlands and Germany came to the agreement that the coronavirus (‘COVID-19’) pandemic is a “situation of force majeure” and that the measures taken in response to the pandemic can lead to substantial uncertainty with respect to the tax position of cross-border workers. In this context, both countries have reached a mutual agreement (effective as from 11
COVID-19 #9 Factoring in times of corona
In these turbulent times, issues with unpaid invoices or late payment may not only cause valuable time to be spent on accounts receivable management, but equally cause working capital levels to skyrocket. In order to mitigate the financial impediment of no (or late) payment and to alleviate their financial departments from additional administration, taxpayers may
COVID-19: a multi country overview of supportive measures – update
COVID-19 presents significant challenges to people and organisations around the globe and the disruption continues to evolve. We know that your business is facing several potentially significant tax challenges to which you need to respond rapidly. To help you cut through the complexity, PwC’s team of specialists collaborated to create a resource for you to
Tax Authorities have issued circular (FAQ) relating to remuneration received from related foreign companies
Since 1 January 2019, a reporting obligation arises in the hands of Belgian companies for benefits granted/paid by a related foreign company to employees and company directors by reason of or at the occasion of their professional activity exercised on behalf of such a Belgian company (e.g. typically share-related remuneration but it also concerns other
COVID-19 #8 Sale of non-core or distressed businesses
Successfully raising cash through the divestment of non-core assets or businesses requires careful consideration, especially in a situation of financial distress. Although from a sell-side perspective a share deal is often preferred (click here), sellers may still be tempted to engage in an asset deal in their quest to realise the best possible outcome. Various
