Latest news & developments
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
COVID-19 #17 Carry-back of tax losses approved by Chamber, cash savings for companies with COVID-19 losses
In the beginning of the COVID-19 health crisis some measures were undertaken with an immediate short-term cash effect, such as the extension of the deadline for tax payments and filings. Recently, as the COVID-19 health crisis appears to be under control, the attention of the Belgian government has been shifting towards measures aimed to cope
With the European borders gradually opening, will there be an impact on business travel, in the post pandemic era – that’s the question?
Business travel was thriving… And businesses saw opportunities in the ever growing globalisation. Millions of people were travelling around to conclude contracts, to network and to invest in their personal growth and development, resulting in a yearly incremental growth in the (business) travel industry. Business travel had become a habit for many… Until COVID-19 showed
Brexit update – UK now formally rejects the extension period
The UK today formally informed the EU that it will not seek any extension of the transition period. Hence the transition period which started on 1 February of this year will come to an end on 31 December 2020. The idea behind the transition period was for both parties to secure a trade agreement and
ICS2 – Coming new EU customs pre-arrival security and safety program
The European Union will launch a new EU customs pre-arrival security and safety program which will be handled via the so-called Import Control System 2 (ICS2), a large-scale information system. The new program is essential for managing entry security and safety border controls. The program will help to establish an integrated EU approach to reinforce
UK has published its future import tariffs
During the current Brexit transition period, goods can still be shipped tariff free and without import and export formalities from the EU mainland to the UK and vice versa. After the transition period, scheduled for 1 January 2021, EU – UK trade will be subject to import and export formalities and the UK will set
