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.
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.
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...
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...
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...
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.
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).