Finance Minister Vincent Van Peteghem launched his proposal for a first phase in the Belgian tax reform. This proposal was already announced several months ago and is now being put formally on the table. What we are looking at today is still a proposal that will now go into the legislative process. The aim is
What are the Belgian and European governments doing to support your company in tackling climate change during the energy crisis?
As a result of the active geopolitical tensions, both our households and businesses share the same burden of rising energy costs and continuous inflation. In parallel our continuous battle against climate change is still ongoing. Fortunately, the European Commission, together with national and regional governments haven’t forgotten about this pressing issue. As a matter of
After intense negotiations, the Belgian government reached an agreement on the Belgian federal budget. Addressing the ongoing energy crisis, limiting the budgetary deficit and stimulating employment are some of the key topics that have shaped the agreement. It also contains several important tax measures an overview below: Temporary Belgian minimum tax: as a result of
Since last week, the Belgian Chamber of Representatives is in the process of adopting a draft law aimed at extending the deadline for applications for the new special tax regime for incoming taxpayers and incoming researchers and for “opt-in” requests. As a reminder, new applications had to be submitted electronically by the employer or company
On 16 May 2020, after the first wave of supportive measures to mitigate the consequences of the COVID-19 crisis, the Council of Ministers adopted a draft law including new tax recovery measures. These provisions have as main aim to avoid a series of bankruptcies and to help companies to rebuild their liquidity and solvency positions.
Update COVID-19 and cross-border employment: Belgium reaches agreement on “force majeure” tolerance for cross-border workers with Germany
As described in our newsflash of 7 May 2020, Belgium has reached an agreement with the Netherlands on a more general force majeure approach. And things are still moving forward. Recently Belgium has concluded a mutual agreement with Germany concerning the situation of cross border workers working from home in the context of the COVID-19
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
Mandatory disclosure rules for intermediaries (DAC 6) – Belgian law adopted by the Chamber of Representatives
On 12 December, the draft bill implementing the EU Council Directive 2018/822/EU of 26 May 2018, also known as “DAC6 Directive”, has been adopted by the Chamber of Representatives. In short, DAC6 provides for the obligation to declare certain cross-border tax arrangements to the Belgian tax authorities. This obligation is incumbent on both taxpayers