A great jumpstart to 2022: Belgium adopts a new tax framework for ELTIFs
Before Christmas, there was good news on the tax and economic front: a draft law on various tax provisions proposing to extend the tax regime of Belgian regulated investment funds to “European long-term investment funds” (ELTIFs) was presented to parliament. The draft law was adopted yesterday, meaning that Belgium’s now well-equipped with the appropriate investment
Santa Claus has brought us a new tax framework for ELTIF investment funds to boost our Belgian economy !
Some good news on the tax and economic fronts. Belgium is getting equipped with the appropriate investment vehicle for its long-term financing needs in private-public infrastructure, SMEs, digitalisation, greening of the economy, social projects, etc. The draft law on various tax provisions currently before the parliament proposes to extend the tax regime of Belgian regulated
New 2022 calls for the SME Growth Subsidy
What is the SME Growth subsidy? With the SME growth subsidy, the Flemish government supports SMEs seeking to embark, or continue their strategic growth trajectory. The growth subsidy covers strategic advice from an external service provider or the recruitment of a strategic profile that will help SMEs in their growth. The applicant’s growthpath must be
High net worth individuals on the radar of Vivaldi!
One of the measures announced by the newly formed government (“the Vivaldi coalition”) is the taxation of the major financial transactions (“MFTT”). Although only the main principles of this tax are known at this stage, the purpose would be to tax high net worth individuals. The impact of the tax is estimated between 150 to
Minimum director fee: penalty of 5% removed from Income Tax Code
The Corporate Income Tax Reform Act had introduced a distinct taxation of 5% due by each company (large or small) that does not grant a minimum director fee of EUR 45,000 (EUR 75,000 for a group of affiliated companies). The tax was due on the difference between the highest compensation actually paid and the required
Draft Program Act of 3 June 2013
Following the agreement on the federal budget plan for 2013, which we discussed in our HRS Headline of 4 April 2013, the Federal Government has now submitted draft legislation ( bill ) to Parliament, proposing new tax measures. The bill includes both the introduction of a uniform (withholding) tax rate of 25% (instead of the
Belgian Budget Control 2013 – new measures
After a new and challenging budget negotiation process, the Federal Government has recently reached an agreement on the federal budget plan for 2013. In this respect, amongst others the following two fiscal measures were announced. Firstly, the Federal Government has decided to apply a uniform (withholding) tax rate to liquidation bonuses as from 1 October
