New reporting obligation for tenants to declare certain rent payments: risk of non-deductibility in case of non-compliance!
Who is in scope? This new reporting obligation applies in principle to all legal entities and natural persons who are required to file an income tax return in Belgium. It does not matter whether this concerns personal income tax, corporate income tax, legal entity tax or non-resident tax. However, the reporting obligation is only applicable
Reporting obligation for payments to tax havens extended to Luxembourg, Cyprus, BVI and Seychelles
Background Since January 1, 2010, companies subject to Belgian corporate income tax or Belgian non-resident corporate income tax are obliged to declare (in form 275F) direct or indirect payments exceeding EUR 100,000 to recipients established in so-called ‘tax havens’ (article 307, §1, 4° of the Belgian Income Tax Code). The reporting obligation applies to both
Global tax accounting January – March 2013
Accounting and reporting related updates Share-based payments & withholding taxes Prior period adjustments EFRAG feedback statement FAF income tax review EU banks – country by country reporting GAAP changes in the UK Recent and upcoming major tax law changes and the tax accounting implications Tax rate changes Other important considerations in tax law changes Tax
