VAT

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

Belgian VAT authorities publish new VAT practice note

The Belgian VAT administration has recently published a new VAT practice note n°14 /2014 dated 4 April 2014 (E.T. 120.000) on (electronic) invoicing. Said VAT practice note is retroactively applicable as … more

Ine Lejeune

The Belgian VAT administration has recently published a new VAT practice note n°14 /2014 dated 4 April 2014 (E.T. 120.000) on (electronic) invoicing. Said VAT practice note is retroactively applicable as … more

PwC announces publication of study on EU Customs Union

We are pleased to inform you that PwC has conducted a study for DG TAXUD on the Evaluation of the Customs Union during the period 2012 – 2013. The study includes an analysis and evaluation of the EU Customs … more

Ine Lejeune

We are pleased to inform you that PwC has conducted a study for DG TAXUD on the Evaluation of the Customs Union during the period 2012 – 2013. The study includes an analysis and evaluation of the EU Customs … more

Latest VAT developments in Belgium for 2014

Further to the number of different VAT changes that have taken place in Belgium, we thought it important to provide you a short recap of all recent VAT developments that have come into force as from 2014 and which could have some impact on your business. If you have … more

Ine Lejeune

Further to the number of different VAT changes that have taken place in Belgium, we thought it important to provide you a short recap of all recent VAT developments that have come into force as from 2014 and which could have some impact on your business. If you have … more

Update on recent VAT developments in Belgium

At the end of each calendar year, a number of important decisions that could have an influence on the VAT situation of your business are usually taken by government officials. Therefore please find below a recap of the most relevant … more

Ine Lejeune

At the end of each calendar year, a number of important decisions that could have an influence on the VAT situation of your business are usually taken by government officials. Therefore please find below a recap of the most relevant … more

Transitional regime extended for the year 2014 & Opening of infrindgement procedure against Italy

Belgian VAT Tax point rules: extension of the transitional regime by one year Based on the implementation of the Invoicing Directive 2010/45/EU in Belgium, the issuance of an invoice prior to a taxable event is no longer considered as a tax point for Belgian VAT purposes as of 1st January 2013. As a … more

Ine Lejeune

Belgian VAT Tax point rules: extension of the transitional regime by one year Based on the implementation of the Invoicing Directive 2010/45/EU in Belgium, the issuance of an invoice prior to a taxable event is no longer considered as a tax point for Belgian VAT purposes as of 1st January 2013. As a … more

All lawyer fees subject to VAT as of 1 January 2014 – New practice note published

The Act of 30 July 2013 (NL/FR) confirmed the removal of the Belgian VAT exemption for services of lawyers with effect from 1 January 2014. As a result, VAT has to be applied to all fees and costs charged for lawyer services rendered as of 1 January … more

Ine Lejeune

The Act of 30 July 2013 (NL/FR) confirmed the removal of the Belgian VAT exemption for services of lawyers with effect from 1 January 2014. As a result, VAT has to be applied to all fees and costs charged for lawyer services rendered as of 1 January … more

Directive proposal for a common EU standard VAT return

We are pleased to inform you that the European Commission adopted the proposal for a Directive introducing a standard VAT return. The adopted proposal is based on the PwC expert study on the feasibility and impact of a standard VAT return, published on the website of the European Commission and being referred to in the […]

Ine Lejeune

We are pleased to inform you that the European Commission adopted the proposal for a Directive introducing a standard VAT return. The adopted proposal is based on the PwC expert study on the feasibility and impact of a standard VAT return, published on the website of the European Commission and being referred to in the […]

Recent VAT developments in Italy & Germany

 Italy: Increase in the standard VAT rate from 21% to 22% As from 1st October 2013, the standard VAT rate in Italy has increased from 21% to 22%. The new VAT rate of 22% is applicable to transactions for which the tax point occurs as of 1st October 2013. Transactions for … more

Ine Lejeune

 Italy: Increase in the standard VAT rate from 21% to 22% As from 1st October 2013, the standard VAT rate in Italy has increased from 21% to 22%. The new VAT rate of 22% is applicable to transactions for which the tax point occurs as of 1st October 2013. Transactions for … more

Belgian VAT changes – Pharma sector

1. Fees paid to ethical committees: same VAT treatment as clinical trials Research work (including but not limited to clinical trials) performed by Belgian doctors and / or hospitals for consideration for Belgian pharmaceutical companies is, as a general rule, subject to Belgian VAT … more

Ine Lejeune

1. Fees paid to ethical committees: same VAT treatment as clinical trials Research work (including but not limited to clinical trials) performed by Belgian doctors and / or hospitals for consideration for Belgian pharmaceutical companies is, as a general rule, subject to Belgian VAT … more