Belgian Accounting Standards Commission issues opinion on Belgian GAAP treatment of discounting deferred taxes
The Belgian Accounting Standards Commission (‘CBN/CNC’) has considered whether deferred taxes on capital grants and realised capital gains can – from a Belgian GAAP perspective – be recognised in a company’s balance sheet at the discounted value of the deferred tax. Under Belgian GAAP, deferred taxes should be recognised in a company’s balance sheet at
BASC published final advice 2014/8 on the Belgian GAAP treatment of the Fairness Tax
Following the draft advice published on 2 April 2014, the Belgian Accounting Standards Commission (BASC) issued advice 2014/8 on the Belgian GAAP treatment of the Fairness Tax. This advice confirms what was stated in the draft version of the advice. In brief, the final version of the advice confirms that the Fairness Tax should follow
BASC issues draft advice on the Belgian GAAP treatment of the Fairness Tax
The Belgian Accounting Standards Commission (BASC) was asked to provide guidance with respect to the accounting treatment of the Fairness Tax. The Fairness Tax is a separate tax of 5.15% (5% increased by 3% crisis surtax). This separate tax applies to a Belgian company (non SME) if: (i) the company has distributed dividends with respect