Circular 2020/C/96 on the taxable basis of foreign movable income
On July 9, 2020, the Belgian Tax Administration published the Circular 2020/C/96 with respect to the determination of taxable income in case of collection of foreign movable income. It confirms that, in case of collection of a foreign movable income, the taxable amount is determined by deducting the foreign tax effectively withheld from the foreign
Changes to the system of non recurring result linked benefits
Last month, the National Labour Council approved the Collective Bargaining Agreement nr. 90/3, which introduced a number of changes to the regulations on non recurring result linked benefits. Introduction The system of non recurring result linked benefits was introduced by the Collective Bargaining Agreement nr. 90 and allows employers to grant bonuses to their workers,
Budget 2017: New tax measures announced – Corporate tax reform reconfirmed but not yet decided
In the framework of the budget for 2017, the Federal Government reached an agreement on several tax measures. On 16 October 2016, during the policy statement, the Prime Minister announced what follows: The speculation tax for individuals on the transfer of quoted shares would be abolished as of 1 January 2017; Tax on stock exchange