VAT annual sales listing for 2018 transactions
Belgium requires all VAT payers to file an annual return with details about all domestic sales made in Belgium during the previous calendar year. This return, commonly referred to as the annual sales listing, includes detailed information about the sales made to VAT registered customers in Belgium. The deadline for filing this return is rapidly
Christmas gifts to contractors, how and what?
In our newsletters of 27 November 2018 and 10 December 2018 we recalled the possibility for employer to present year-end gifts to employees with a maximum value of EUR 40 for the occasion of Saint-Nicholas, Christmas and New Year. Indeed, provided that certain conditions are met, these gifts can be free from social security contributions
New VAT rules on so called “paid-for-vouchers” will become applicable as from 1 January 2019 in the EU!
On 26 June 2016 an European VAT Directive (EU 2016/1065) was approved to adjust the VAT rules on “paid-for” vouchers which can be redeemed for goods and/or services. This Directive must be implemented in the Belgian VAT legislation as from 1 January 2019, and is applicable to “paid-for” vouchers issued after 31 December 2018. Vouchers remain an
VAT deduction on deal fees for an aborted transaction
Ryanair incurred considerable deal fees in relation to an envisaged takeover of a competitor. The takeover failed. Ryanair claimed input VAT deduction on the professional costs incurred based on its intention to perform taxable transactions with input VAT credit. In relation to deal fees, generally, input VAT deduction is allowed if management services against consideration
Option to apply VAT on rent: adopted!
The Belgian Parliament has approved last week the new law allowing to opt for VAT on professional rent. Two important dates: The new rules are applicable as from 1st January 2019 Option is possible if the construction of the building started as from 1st October The VAT administration will publish detailed comments, a.o. on the
The cost-sharing VAT exemption is not for financial services, says EU Court
In brief The Court of Justice of the European Union (CJEU, “the Court”) released its decisions on 21 September 2017 in three cases (Aviva, C-605/15, DNB BANKA, C-326/15 and Commission v Germany, C-616/15), relating to “independent group of persons (IGP)” (also referred to as the cost-sharing VAT exemption). In these three cases, the central question
