RSM Belgium
Languages

Languages

Tax Insights

Tax Insights November 2019 - EU's VAT action plan 'Quick Fixes' as from 1 January 2020

25 November 2019
All businesses with operations and transactions across the European Union (EU) are required to comply with EU VAT rules and regulations.  Businesses that, directly or through subsidiary operations, are involved in the movement of goods across EU borders will be impacted by these upcoming changes.

Tax Insights November 2019 - New Code of Companies and Associations – Modifications applicable as from 1 January 2020

22 November 2019
On May 1st, 2019, the new Code of Companies and Associations (hereinafter, « CCA ») entered into force. As mentioned in our previous Tax Insight from June 2019, the Belgian legislator planned a gradual application of the new Code for existing companies (i.e. companies existing before May 1st, 2019).

Tax Insights - 10-2019 - Securities tax annulled by the Constitutional Court

28 October 2019
On October 17th, 2019, the Constitutional Court of Belgium annulled the securities tax legislation dd. February 7th, 2018 which entered into force on March 10th, 2018. This tax needed to be paid by persons who held one or more securities accounts in Belgium or abroad.

Tax Insights - 09-2019 - UBO-Register: Administrative tolerance until December 31th, 2019

1 October 2019
Belgian legal entities including non-profit organizations, foundations and trusts ought to submit accurate and up-to-date information about their ultimate beneficial owners in the UBO (Ultimate Beneficial Owner)-Register for the first time before 30 September 2019. In a recent press release the FPS Finance announced a grace period until 31 December 2019.

Tax Insights - 09-2019 -Brexit: actions in case of a "no-deal" scenario

12 September 2019
A no-deal Brexit on 31 October 2019 remains one of the possibilities.  We therefore want to draw your attention to the actions that should be taken to be ready for a no-deal Brexit.  

Tax Insights - 08-2019 -Anti-abuse provision

21 August 2019
Corporate Tax Reform – Modification of the closing date of the financial year New circular  

Tax Insights - 08-2019 -Foreign VAT refund

12 August 2019
1. What? Taxable persons often incur foreign VAT during an accounting year. This foreign VAT cannot be recovered via the reporting in the periodic Belgian VAT return but is to be recovered via the so-called 8th Directive VAT refund procedure.

Tax Insights - 07-2019 - Transfer pricing documentation requirements: Local file to be filed before 27 September 2019 – The notification (275 CBCNOT) should no longer be filed systematically every year but only when there is a change in the information pr

4 July 2019
The transfer pricing documentation obligation was introduced by the Program Law of 1 July 2016 and is in line with the three-tiered approach (country-by-country report, master file and local file) of the BEPS (Base Erosion and Profit Shifting) Action 13 project. These obligations are required for accounting periods beginning on  1 January 2016.

Tax Insights - 06-2019 - The new Code of Companies and Associations

2 July 2019
On 28 February 2019, the Belgian Parliament approved the draft law introducing the new Code of Companies and Associations. The Law of 23 March 2019, introducing this substantial reform of Belgian company and association law, has been published in the Belgian Official Gazette on 4 April 2019.

Tax Insights - 05-2019 - Forms 281.50 – Financial year 2018

7 June 2019
Each years, companies have to report on individual forms 281.50 the amount of commissions, brokerage, fees, trade rebates, vacation allowances, fees, gratuities, allowances or benefits in kind paid or attributed during the year and which are considered as taxable professional income for the beneficiary.

Tax Insights - 04-2019 - Grant of shares and benefits in kind by foreign group companies

18 April 2019
In the Tax Insight of August 2018, we already mentioned the introduction of a reporting and withholding obligation in case foreign group companies grant shares and benefits in kind to employees of the Belgian subsidiary.

Tax Insights - 04-2019 - Elimination of the separate taxation of 5% due to non-compliance with the minimum director’s fee condition

9 April 2019
On 4 April 2019, the Chamber of Representatives adopted the proposal eliminating the separate taxation of 5% for non-compliance with the minimum director’s fee condition. Article 219quinquies BITC92 would therefore be retroactively removed from the Belgian Income Tax Code as if the separate taxation of 5% never existed.

Tax Insights - 02- 2019 - Brexit – UK companies in Belgium - Fiscal representation

26 February 2019
As a “no-deal” Brexit becomes a more and more realistic possibility, the Belgian VAT Authorities have announced a transitional regime regarding the change from a “direct VAT registration” into a VAT registration via the appointment of an individual fiscal representative.

Tax Insights - 02- 2019 - Companies, non-profit organisations, international non-profit organisations, trusts and fiducies : UBO Register

22 February 2019
The deadline for the first submissions by Belgian companies, (international) nonprofit organizations, foundations and trusts of information concerning their beneficial owner(s) to the UBO-Register (“Central register of ultimate beneficial owners”) has been extended. The deadline has been postponed from 31 March to 31 September 2019.

Tax Insights - 02- 2019 - Brexit : VAT actions to be taken before 29 March 2019

18 February 2019
Most likely, the UK will leave the EU without a deal on 29 March 2019, at 11pm GMT. Although there is still a lot of uncertainty, we hereby provide you with some action points which should be taken before this date (in any event).

Tax Insights - 02- 2019 - Proof of VAT exempt intra-Community supply of goods

15 February 2019
In order to mitigate the discussions regarding the required proof (of transport) of VAT exempt intra-Community supplies of goods, uniform requirements throughout the EU will be effective as from 1  January 2020.

Tax Insights - 01- 2019 - Corporate Income tax reform : legal modifications and precisions

11 January 2019
On 30 July 2018, the federal government adopted a new Act (published on 10 August 2018 in the Belgian Official Gazette) which adapts some of the measures established by the Law of 25 December 2017 reforming Belgian corporate income tax.

Tax Insights -11 - 2018 -VAT treatment vouchers as per 1 January 2019

12 November 2018
RSM Belgium informs you All vouchers issued after 31 December 2018, will be subject to a new VAT regime, as determined by Directive 2016/1065/ EU.  Although this Directive has not yet been transposed into the Belgian VAT legislation, we hereby provide you with the key elements.  

Tax Insights -10 - 2018 - Companies, non-profit organisations, international non-profit organisations, trusts and fiducies, new obligations of transparency: UBO Register

31 October 2018
In the context of anti-money laundering legislation, the Belgian Act of 18 September 2017 implementing the fourth anti-money laundering directive (Directive 2015/849 of the European Parliament and the Council of 20 Mei 2015) planned the constitution of the “ultimate beneficial owners” Register (so-called “UBO Register”).

Tax Insights -10 - 2018 - Belgian social security contributions due on grant of shares by foreign mother company

30 October 2018
The Belgian social security authorities have changed their administrative instructions last month: when a foreign mother company grants shares to employees of the Belgian subsidiary, Belgian social security contributions are due.  

Tax Insights -10 - 2018 - Lump sum allowances for job-related travel within Belgium as from 1 October 2018

30 October 2018
The costs for meals made by an employee who travels within Belgium for professional purposes, can - with due respect of the conditions - be compensated by the employer on a lump sum basis.

Tax Insights -09-2018 - Lump sum allowances for professional travel abroad as from 6 July 2018

24 September 2018
The costs for meals, beverage, local transport, tips and other small expenditures on site made by an employee who travels abroad for professional purposes, can - with due respect of the conditions - be compensated by the employer on a lump sum basis.

Tax Insights 08-2018 Grant of shares and benefits in kind by foreign group companies

23 August 2018
During the latest budgetary discussions, the Belgian government has decided to introduce a reporting and withholding obligation in case foreign group companies grant shares and benefits in kind to employees of the Belgian subsidiary.  

Tax Insights 08-2018 The Minister of Finance announces leaniency for VAT fines

22 August 2018
RSM Belgium informs you According to the Minister of Finance, VAT fines are often too stringent not only in terms of the amounts, but also because the nature of the offence is not (always) taken into consideration. Hence, the Minister has instructed his administration to develop a new policy to deal with this problem.

Tax Insights 08-2018 Mobility Budget

20 August 2018
At the end of last month, the Belgian government approved a legislative proposal for the implementation of a mobility budget as from October 1st, 2018. This mobility budget can serve as an alternative for the company car. Employees can return their company car in exchange for an annual budget which they can freely spend on sustainable mobility.

Tax Insights 07-2018 Intrastat news : update for the dispatches return as from 2019

2 August 2018
We inform you that there will be some modifications to the Intrastat returns due to the European reform. The Intrastat dispatches return will include two additional fields: - the country of origin of the goods; - the counterparty’s VAT identification number.

Tax Insights 06-2018 Foreign VAT refund

2 August 2018
1. What? Taxable persons often incur foreign VAT during an accounting year. This foreign VAT cannot be recovered via the reporting in the periodic Belgian VAT return but is to be recovered via the so-called 8th Directive VAT refund procedure.

Tax Insights 03- 2018 VAT on immovable leasing - new launch ?

30 March 2018
The Belgian Federal Government has re-launched the VAT reform regarding immovable leasing. Scope (B2B):  

Tax Insight 02-2018 : Belgian corporate income tax reform

18 February 2018
Most of the measures announced by the 2017 Belgian summer agreement were finally adopted in the Law of 25 December 2017 on the reform of corporation income tax (as published in the Belgian Gazette on 29 December 2017).

Tax Insight 12-2017: All Belgian financial traffic soon accessible to Court and tax authorities

23 December 2017
A law is being drafted that will substantially expand the Central Point of Contact founded in 2011 with the Belgian National Bank. 1. Current status

Tax Insight 12-2017: postponed transfer pricing deadline until 31 March 2018

21 December 2017
The Belgian tax administration has, on the 28th November 2017, stated that a delay is granted for the filing of the Country-by-Country Report, Country-by-Country notification, Master file and Local file, that have to be done by Belgian constitutive entities (ultimate parent entity, for the country-by-country report) of multinational group and for which, the due dat

Tax Insights 12-2017 - VAT December advance payment before 24/12!

7 December 2017
As from this year, VAT taxable persons filing quarterly VAT returns must, just like those filing monthly VAT returns, verify if they should pay a VAT December advance before 24 December. This December advance payment equals:  

Tax Insights 12-2017 - Benefit in kind IT-equipment as from 2018

7 December 2017
As from 1 January 2018, the benefits in kind subjected to social security contributions and withholding tax related to the private use of company provided IT-equipment free of charge will be updated.

Tax Insights 12-2017 B2G e-invoicing: are you ready?

1 December 2017
Ultimately at the end of November 2018 paper invoices will no longer be accepted by federal government institutions. All invoices to governmental institutions must be issued electronically.

Tax Insights 11-2017 Provision of goods and services provided to diplomatic missions

11 November 2017
New VAT exemption procedure On 19 July 2017, the Belgian government has published the new procedure regarding the VAT exemption for diplomatic missions.

Tax Insights 10-2017 - Option for VAT on immovable letting: on hold !

25 October 2017
Totally unexpected, after the meeting of the core cabinet last weekend, the Belgian government has abandoned the long awaited optional regime applying VAT to immovable letting for business purposes.

Tax Insight 07-2017 - Summer Agreement

30 July 2017
Measures taken in the summer agreement of 26 July 2017 Corporate Income Tax Rate:

Tax Insight 02-2017 - New Tax measures

26 February 2017
Tax changes further to Program Law of 25 December 2016 Other tax changes applicable as from 1st January 2017 Measures and changes expected in 2017 Should you want any further information on these new tax measures, please feel free to contact RSM Intertax.   Read our Tax Insight :

Tax Insight 02-2017 -End of prepayement obligations for quarterly VAT taxpayers as from April 1, 2017

5 February 2017
Obligation to perform prepayments for quarterly taxpayers New rules applicable as from April 1, 2017   If you would like to receive additional information on this matter or VAT assistance, the tax team of RSM Belgium is at your disposal.   Read our Tax Insight :

Tax Insight 01-2017 - EORI identification for the economic operators performing imports

29 January 2017
As from 9 January 2017, the EORI identification is also required to perform import of goods. If you would like to receive additional information on this matter or an assistance to prepare the EORI identification request, the Tax team of RSM Belgium is at your disposal. Read our Tax Insight :

Tax Insight 12-2016 Important changes for directors in Luxembourg companies

28 December 2016
As from 1 January 2017, the fees of directors of companies, irrespective of whether the director is a company or a physical person are subject to VAT in Luxembourg...

Tax insight 10-2016 Increase of lump sum allowance for structural working from home

9 October 2016
More equality between the lump sum amounts for costs proper to the employer Lump sum cost allowance part of salary? Amount of the cost allowance Double use

Tax insight 10-2016 News on formalities related to international trade

8 October 2016
VAT consequences of the entry into force of the new Union Customs Code (Decision E.T. 129.169 dd. May 20, 2016) As from now, the intracommunity supplies of goods can be demonstrated with a « destination document » (Decision E.T. 129.460 dd. July 1, 2016) Conditions

Tax Insights 08-2016 : The Transfer pricing documentation becomes a legal obligation in Belgium

22 August 2016
The Transfer pricing documentation becomes a legal obligation in Belgium Which companies? Drafting the Master File ... and local file Penalties Entry into force Do SMEs escape?

Tax insight 06-2016 BEPS- Patent income deduction

19 June 2016
The impact of BEPS on the patent income deduction – new measures are being drafted Background Transitional provision Entry into force   Discover our Tax Insight :

Tax insight 06-2016 BEPS

12 June 2016
Global businesses expect 5% effective tax rate increase from new taxation rules   Read our Tax Insight:

Tax alert March 2016 VAT news

3 March 2016
Legal persons acting as director or liquidator of companies Aesthetic procedures and treatments Abuse of distance sales  

Tax Alert February 2016 - BEPS

15 February 2016
Special Topic : Base Erosion and Profit Shifting BEPS refers to tax planning strategies that exploit  gaps and mismatches in tax rules of various countries to artificially shift profits to low or no-tax locations where there is little or no economic activity, resulting in little or no overall corporate tax being paid.  

Tax alert February 2016

15 February 2016
Belgian tax authorities announce that they will impose fines in case of late submission of fee forms Filing obligation Penalties in case of non-compliance with the reporting obligation  

Tax alert March 2015

21 November 2015
NEW TAX PROVISIONS 2015 Through this new Tax Alert we would like to inform you on the new provisions regarding corporate income tax and VAT that enter into force in Belgium in 2015.  

Tax alert Juy 2014

21 November 2015
Please find attached our RSM newsalert of the recent proposed changes to the Dutch work-related costs scheme proposed by the Dutch government in July 2014. The final changes shall be published on Budget Day in September 2014. This newsalert highlights the most important items of the proposed changes to the work-related costs scheme.   Way forward

Tax alert April 2014

21 November 2015
INTRODUCTION OF A NEW PROVISION IN THE TAXATION OF NON-RESIDENTS

How can we help you?

Contact us by phone +32 (0)2 379 34 70 or submit your questions, comments, or proposal requests.

Email us