What is a UBO? The abbreviation means Ultimate Beneficial Owner, i.e. the person or entity that is the ultimate beneficiary of the company. Certain financial and other organisations, including banks, currency exchange offices and insurers, are subject to mandatory disclosure…
Measures applicable from 2018 onwards (assessment year 2019) Advantage Disadvantage – The basic tax rate decrease to 29% – Revision of the notional interest deduction scheme – Crisis contribution 2% – Minimum tax – SME benefit from a 20% tax…
Tax deduction scheme starting from 01/01/2018 to 31/12/2019: In the corporation tax: the deduction scheme as we know it today, is retained to 31/12/2019. The car will be classified according to its CO2 emission in a particular level of deduction.…
By Sarah Delafortrie, Christophe Springael Published on 06/10/2017 Annex to the Council of Ministers of 6 October 2017 The Ministerial Council, on proposal of Finance Minister Johan Van Overtveldt, approves a preliminary draft law that regulates the tax…
Following link provides more details about what the summer tax agreement holds for you. Source : tijd.be
The federal government decided to lower corporate tax. From next year, the standard corporate tax rate will be 29 percent (or 29,58 percent taking into account a 2 percent crisis contribution). From 2020, the corporate tax rate will further drop…
Letting real estate in Belgium is in principle a VAT-exempted activity (Art. 44, 3, 2 W.BTW). The down side of this exemption implies that the VAT due by property developers and rental agencies of commercial properties to contractors for new…
The legislature has provided in a favorable statute to promote cycling. This favorable statute foresees following benefits: 23cent / km can be deducted as commuting expense in case the deduction of actual business expenses is claimed; no benefit in kind…
Individuals and companies who opted for the regime of quarterly VAT declarations, need to consider 5 instead of 12 payments a year going forward. As from April 1, 2017 VAT taxpayers with a quarterly tax return will no longer…
As your accountant and tax adviser we would like to introduce ‘Omnifisc‘. An insurance policy covering tax audits and judicial procedures in relation to income taxes and VAT. The insurance is not intended to cover the additional tax liability due…