Withholding tax incentives: time to take action – deadline extended to 1 October 2021
Various tax incentives (e.g. for overtime, R&D, night and shift work, etc.) take the form of an exemption of transferring wage withholding taxes. These tax incentives are thus to be processed through payroll. Extension of deadline for 2020 wage withholding tax returns Although the wage withholding tax returns for 2020 are already submitted during the
Belgian transfer pricing audits: new wave initiated
Last week, the Belgian tax authorities have initiated a new wave of transfer pricing audits. Multiple taxpayers have already received or will receive in the next few days an in-depth questionnaire that focuses on their transfer pricing arrangements. The request for information on intercompany transactions and activities of the Belgian company or branch is the
Tax authorities to focus on wage withholding taxes on directors’ fees
Similar to salaries paid to employees, director fees are subject to wage withholding taxes. To the extent that the wage taxes withheld do not cover the final income tax due on the directors’ fees, a tax increase will be applied. This will be the case for instance if a person has a directorship in two
Belgium: Shifting gears towards transfer pricing audits
Download The Belgian tax administration has made additional resources available to increase the number of intercompany transactions audits. And we’ve already noticed that there’s been a significant increase in the number of audits taking place – an estimated 150 audits has been initiated so far. It is not clear yet which types of companies are
