Most recent news

New daily lump-sum allowances for foreign business trips

An employer/company can pay daily lump-sum allowances for foreign business travel to employees or company directors in order to reimburse certain expenses. The lump-sum reimbursements can be determined on the basis … more

Nicolas de Limbourg

An employer/company can pay daily lump-sum allowances for foreign business travel to employees or company directors in order to reimburse certain expenses. The lump-sum reimbursements can be determined on the basis … more

The EU Joint Transfer Pricing Forum published the transfer pricing profiles of EU Member States.

The EU Joint Transfer Pricing Forum has published various transfer pricing profiles of EU Member States on its website.  These profiles contain information for the EU Member States on the domestic transfer pricing … more

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The EU Joint Transfer Pricing Forum has published various transfer pricing profiles of EU Member States on its website.  These profiles contain information for the EU Member States on the domestic transfer pricing … more

Tax return deadline for income year 2013 (assessment year 2014) – Individuals

The tax return deadlines for assessment year 2014 (income 2013) have been confirmed by the Belgian tax authorities. An overview:         Resident income tax return – paper version (individual and tax consultant):  26 June 2014         Resident income tax return – tax on web (individual):  16 July 2014         Resident income tax return – tax on […]

Nicolas de Limbourg

The tax return deadlines for assessment year 2014 (income 2013) have been confirmed by the Belgian tax authorities. An overview:         Resident income tax return – paper version (individual and tax consultant):  26 June 2014         Resident income tax return – tax on web (individual):  16 July 2014         Resident income tax return – tax on […]

Tax return deadline for income year 2013 (assessment year 2014) – Corporates, legal / non-resident entities

The Belgian tax authority has communicated the deadlines for the different tax returns assessment year 2014 for corporates, legal entities and non-resident entities. An overview of these deadlines can be found … more

Philippe Vanclooster

The Belgian tax authority has communicated the deadlines for the different tax returns assessment year 2014 for corporates, legal entities and non-resident entities. An overview of these deadlines can be found … more

Parliamentary question clarifies whether (for direct tax purposes) “small tools, small equipment and stationary” should be considered as an investment or an immediate expense.

Recently, the minister of Finance answered a Parliamentary question regarding “small equipment, small tools and stationary”, i.e. whether for direct tax purposes, “small equipment, small tools and stationary” should … more

Philippe Vanclooster

Recently, the minister of Finance answered a Parliamentary question regarding “small equipment, small tools and stationary”, i.e. whether for direct tax purposes, “small equipment, small tools and stationary” should … more

The OECD’s public consultation on transfer pricing documentation and country-by-country reporting on 19 May

The OECD will hold a public consultation on the discussion draft on transfer pricing documentation and country-by-country reporting on 19 May 2014 at the OECD Conference Centre in Paris, France. The public consultation will be broadcast … more

axel-smits-author

The OECD will hold a public consultation on the discussion draft on transfer pricing documentation and country-by-country reporting on 19 May 2014 at the OECD Conference Centre in Paris, France. The public consultation will be broadcast … more

FATCA Intergovernmental Agreement between Belgium and US will be signed on 23 April

On 12 April 2014, the Minister of Finance Koen Geens has announced the imminent signing of the agreement between the United States and Belgium regarding the mutual exchange of financial information and the … more

olivier-hermand-author

On 12 April 2014, the Minister of Finance Koen Geens has announced the imminent signing of the agreement between the United States and Belgium regarding the mutual exchange of financial information and the … more

BASC issues draft advice on the Belgian GAAP treatment of the Fairness Tax

The Belgian Accounting Standards Commission (BASC) was asked to provide guidance with respect to the accounting treatment of the Fairness Tax. The Fairness Tax is a separate tax of 5.15% (5% increased by 3% … more

koen-de-grave-author

The Belgian Accounting Standards Commission (BASC) was asked to provide guidance with respect to the accounting treatment of the Fairness Tax. The Fairness Tax is a separate tax of 5.15% (5% increased by 3% … more

PwC comments on the Discussion Draft on Transfer Pricing Comparability Data and Developing Countries

PwC has provided the OECD with its comments on the ‘discussion draft on transfer pricing comparability data and developing countries’ on 11 April 2014. PwC agrees with the OECD in that comparability is at the … more

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PwC has provided the OECD with its comments on the ‘discussion draft on transfer pricing comparability data and developing countries’ on 11 April 2014. PwC agrees with the OECD in that comparability is at the … more

Practice note issued in relation to Belgian fairness tax

As from AY14 (which are financial years ending 31 December 2013 or later), a so called ‘fairness tax’ of 5.15% is levied on certain dividend distributions made by large Belgian companies or by foreign companies … more

Philippe Vanclooster

As from AY14 (which are financial years ending 31 December 2013 or later), a so called ‘fairness tax’ of 5.15% is levied on certain dividend distributions made by large Belgian companies or by foreign companies … more