Personal income tax, Act on various measures
On 6 April 2012, the program law of 29 March containing amendments and clarifications of the measures introduced by the Act of 28 December 2011, was published. The personal income tax provisions recorded in this recent act concern, amongst other things, company cars. The act confirms the proposed changes in the valuation of used cars,
Proactive announcement of specific tax audits
The Belgian tax authorities have decided to increase the number of tax audits on a yearly basis. In a recent communication they have announced that they will mainly focus on the following items: internet sales employees claiming actual professional expenses company directors claiming actual professional expenses non-profit organisations that may be subject to corporate income
New changes in the taxation of company cars
As announced in our previous Headlines, the law containing various measures published in the Official Gazette on 30 December 2011 fundamentally changes the way of computing the taxable benefit in kind arising from the private use of a company car, effective 1 January 2012. As explained, the yearly taxable benefit in kind will be computed
