Update COVID-19 and cross-border employment: agreement between Belgium and France on home working
The exceptional COVID-19 situation resulted in various government introduced measures which are themselves also exceptional and which are aiming to combat the spread of the coronavirus. Measures such as international travel restrictions, quarantine and lockdown (in whatever form or degree), also impact international business travel and prevent cross-border workers from carrying out their professional activities
Corona Premium of EUR 1.000 down the drain?
A couple of weeks ago, in full corona crisis, there was some media coverage regarding the introduction of tax-free corona premiums. In our newsflash of 1 April 2020, we mentioned the proposal of the Belgian Minister of Finance of a Corona premium of EUR 1.000. Employers would be able to pay this premium free of
COVID-19: the Netherlands and Germany reach agreement on “force majeure” tolerance for cross-border employment
The Netherlands and Germany came to the agreement that the coronavirus (‘COVID-19’) pandemic is a “situation of force majeure” and that the measures taken in response to the pandemic can lead to substantial uncertainty with respect to the tax position of cross-border workers. In this context, both countries have reached a mutual agreement (effective as from 11
Update: Increased credit percentages for advance tax payments
In our newsflash dated 10 March 2020, we have highlighted the main aspects of the Belgian advance tax payment scheme. Considering the current COVID-19 crisis and its impact on the Belgian economy, it has been decided that the tax credit related to the advance tax payments to be made for the third and fourth quarters
OECD guidelines: COVID-19 impact on cross-border employment
In our newsflash of 13 March 2020, we highlighted that since the COVID-19 outbreak, due to travel restrictions and quarantine measures, many companies find themselves confronted with unforeseen and forced changes in the working pattern of their employees who are unable to perform their duties in their “normal” country of employment, especially in surrounding countries
Belgian Minister of Finance proposes Corona premium of EUR 1.000
In practice and also in recent media coverage, the question was raised whether employers/companies can provide employees with a (tax beneficial) cash incentive – other than a regular bonus payment – in order to motivate and reward employees who (are not staying at home due to temporary unemployment measures and who) are still allowed and
COVID-19: a multi country overview of supportive measures – update
COVID-19 presents significant challenges to people and organisations around the globe and the disruption continues to evolve. We know that your business is facing several potentially significant tax challenges to which you need to respond rapidly. To help you cut through the complexity, PwC’s team of specialists collaborated to create a resource for you to
COVID-19 measures and write-downs on receivables by financial institutions, back to deductibility issues raised during the financial crisis?
Following the measures taken by the various governments in Belgium and abroad to fight against the spread of the Covid-19, it can be expected that credit institutions take write-downs on receivables. In this respect, the Belgian tax authorities have published a circular on this topic earlier this week. In a nutshell, the tax authorities have
