Latest news & developments
Update – Belgian tax authorities publish additional measures to mitigate the impact of the COVID-19 crisis
After the introduction of the first wave of supportive financial measures, the government has now decided to take additional measures in order to further mitigate the financial impact of the COVID-19 pandemic. In particular, the authorities are now also publishing a number of specific tax measures. With these measures, companies get an automatic extension to
Coronavirus: support for your business in times of unprecedented challenges
The spread of the coronavirus (COVID-19) is forcing governments around the world, including in Belgium, to take drastic measures to take back control over the human impact of Covid-19. Although required, these countermeasures are causing major disruption for individuals, families, businesses and the global economy in general. Aware of the significant impact of the pandemic
Coronavirus – impact on international workforce – update for Luxembourg and France
As mentioned in our newsflash of 13 March 2020, following the health situation linked to the Covid-19 crisis, in order to “flatten the curve”, companies are taking isolation measures and are moving in an accelerated pace to fully remote working (homeworking) where possible. In fact, many cross-border workers will be called upon to do more
COVID-19 #1 Debt waiver: beware for a tax cash out
Next to having a huge impact on our personal and family lives, the outbreak and spreading of the coronavirus (COVID-19) is likely to result in a slowdown of economies across the globe. In the coming weeks, we will keep you informed on various tax (re)structuring related topics that may help you in combating the virus
Coronavirus – impact on companies with an international workforce
The outbreak and spreading of the coronavirus (COVID-19) leaves almost no one unaffected. It has become a worldwide phenomenon impacting personal and family life, governments, businesses and the economies across the globe. Depending on the location and anticipated impact of the virus, certain (sometimes extreme) measures (such as quarantine and lock down) and safety precautions
Advance tax payments and recently announced measures from the Belgian government
Unless a company pays its Belgian corporate income taxes due by means of timely advance tax payments during the financial year concerned, a surcharge is due on the final amount of Belgian corporate income tax due upon assessment. If advance tax payments are made, credits – which can be offset against the surcharge – are
Long awaited Transfer Pricing Circular published
On 25 February 2020, the Belgian tax administration published Circular Letter 2020/C/35 on the 2017 version of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (2017 OECD TPG). This practice note is available in Dutch and French. The circular is the final version of a draft circular letter originally published by the
Important changes regarding the Polish DAC6 Mandatory Disclosure Rules
Our Polish DAC 6 experts informed us that the Polish parliament is processing a draft act amending the mandatory disclosure rules (MDR) as implemented following the European DAC6 Directive. The draft aims to introduce important changes to MDR reporting obligations, in particular relating to cross-border tax schemes. Highlights The Minister of Finance stated that the
