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
