Latest news & developments
Belgian corporate tax reform enacted by Parliament
On 22 December 2017, the Belgian Parliament approved the major corporate tax reform announced in July. The final Act is expected to be published still before the year end. In that way, the majority of the measures can come into force on 1 January 2018. The corporate tax reform which is now voted is part
Benefit in kind – Private use of a company car: updated formula for 2018
The new reference CO2 emission for calculating the taxable benefit in kind for the private use of a company car in the hands of company directors and employees has been published on 19 December 2017 (Royal Decree of 13 December 2017). For income year 2018, the following CO2 emission will be applied to the above
Update – New rules regarding the lump-sum value for PC, laptop, smartphone, tablet & internet put at the disposal via the employer – Practice note
In our Newsflashes of 26 October 2017 and 13 November 2017, we already made reference to new upcoming lump sum values. These anticipated changes have been introduced by the Royal Decree of 2 November 2017, which was published in the Official Gazette on 13 November 2017. The Belgian tax authorities have published a Practice Note
Belgium’s corporate tax reform: final steps ahead!
Last Friday, 8 December, the Council of Ministers reached an agreement on the final details of the major tax reform announced earlier in July 2017. This agreement comes after the advice from the Council of State and will in the coming weeks be debated in Parliament. The final acts are expected to be published by
ECOFIN Council’s publication of the EU list of third country non-cooperative jurisdictions in tax matters
On 5 December 2017, the ECOFIN Council published its conclusions on the EU common list of (third country) non-cooperative jurisdictions in tax matters, also referred to as the ‘blacklist’ consisting of 17 jurisdictions. This initiative forms part of the EU’s broader agenda on furthering tax transparency, fair taxation and the implementation of anti-BEPS measures with the
Final call for tax prepayments for assessment year 2018!
Companies with a year-end closing on 31 December 2017 can still make an advance tax payment for the fourth quarter of the year before 20 December 2017 to avoid a tax surcharge. For assessment year 2018, a global surcharge of 2,25% will be applied to the total amount of tax due (minus certain tax credits –
Alert: Do not forget the Belgian transfer pricing documentation requirements
The purpose of this message is to remind you of the Belgian transfer pricing (“TP”) documentation requirements that qualifying companies have to meet in the near future. See https://www.pwc.be/transferpricing and the relevant tax insights of 14 June 2016 and 15 December 2016 for a summary of the Belgian TP documentation requirements (qualifying companies, content of the
”New” Royal Decree nr. 57 – Important change!
Today, in case of a service of transport of goods where a portion of the transport takes place outside the EU, said portion is outside scope of EU VAT in function of the distances covered. In order to eliminate the difficulties arising from the calculation of that portion, the new RD 57 specifies that only
