Update COVID-19 and cross-border employment: FAQ 17 June 2020
Currently, the COVID-19 health crisis seems to be under control within Europe, with some local lock-down measures being put in place and barring a potential second wave. So, if things continue to evolve in a positive manner during summer, it looks like employees might gradually be able to return to their regular (pre-corona) cross-border working
Carry-back of losses: law published – listen to our podcast
On 1 July 2020, the law on the temporary tax exemption of profits in anticipation of tax losses realized in the COVID-19 period (the so-called tax loss “carry-back” system) was published in the Belgian Official Gazette. The new law aims to strengthen the liquidity and solvency of companies that were in a sound condition but
The resident and non-resident corporate income tax return forms for Assessment Year 2020 have been published by the tax authorities
The BizTax e-filing platform would become available by 7 July 2020. It’s no surprise that in total an additional page was required to embed all the necessary entries and related disclosures for new measures entering into force, amongst others: interest limitation rule (“3 MIO/30% EBITDA rule”), group contribution(“Tax consolidation”), Controlled Foreign Corporations (“CFC rules”) and
Update COVID-19 and cross-border employment: agreements with Germany and France extended
As mentioned in our newsflash of 24 June 2020 the agreements concluded between Belgium and the Netherlands/Luxembourg, which implement a mutual “force majeure tolerance” for cross-border workers in relation to COVID-19 (travel) restrictions, were extended until 31 august 2020. We anticipated that a similar extension would become applicable for the agreements between Belgium and Germany/France).
Update COVID-19 and cross-border employment: agreements with Luxembourg and the Netherlands extended
We refer to our previous newsflashes regarding the specific agreements that Belgium has concluded with almost all of its neighboring countries (Germany, the Netherlands, France and Luxembourg). These agreements implement a mutual “force majeure tolerance” for cross border employees in relation to COVID-19 (travel) restrictions. A fiction is created in relation to the employment income
COVID-19 #17 Carry-back of tax losses approved by Chamber, cash savings for companies with COVID-19 losses
In the beginning of the COVID-19 health crisis some measures were undertaken with an immediate short-term cash effect, such as the extension of the deadline for tax payments and filings. Recently, as the COVID-19 health crisis appears to be under control, the attention of the Belgian government has been shifting towards measures aimed to cope
With the European borders gradually opening, will there be an impact on business travel, in the post pandemic era – that’s the question?
Business travel was thriving… And businesses saw opportunities in the ever growing globalisation. Millions of people were travelling around to conclude contracts, to network and to invest in their personal growth and development, resulting in a yearly incremental growth in the (business) travel industry. Business travel had become a habit for many… Until COVID-19 showed
Core agreement on supporting measures for the purchasing power and the sectors in difficulty
With the government measures taken to combat the COVID-19 virus being reduced gradually, the current health crisis seems to be getting under control for now (pending an anticipated second wave). However, the social and economic impact of the crisis will continue to exist for a long time, further affecting individuals and companies. The past three
