News Archive

The new ruling regarding innovation income deductions has been in effect since 1 July 2016. This is intended to replace the previous patent income deduction scheme. The transitional rules allow companies to make use of the patent income deduction through 30 June 2021.

On 1 January 2021, Brexit will bring the free movement of people between the EU and the United Kingdom to an end. From this date, Belgians moving to the UK or UK citizens moving to Belgium will be treated as third-country nationals. What does this mean for European nationals who are currently working in the UK, or British workers in our country? What are the specific requirements for employment in another country? We found out for you.

The government has created a compensation scheme for social security contributions over the third quarter as additional support for employers in heavily affected sectors and sectors forced to close due to the coronavirus crisis. The compensation will be equivalent to the basic employer’s contributions and portion of the student solidarity contribution owed by the employer. To help with this measure, the NSSO also recently set up the online ‘NSSO compensation check’ service.

Since 2020, the definition of ‘permanent establishment’ has expanded in scope. Due to the concept’s expansion under both the Belgian definition and the definition in the double taxation treaty, permanent establishment is now more easily achieved. The impact on foreign corporations can be significant.

In recent years, people who conducted business with the United Kingdom could use the European VAT-Refund application to claim back any VAT paid in the UK. This is yet another arrangement that will be impacted by Brexit. What does this mean in practice for enterprises wishing to claim a VAT refund from the UK?

The protracted coronavirus crisis is a curse for many and a blessing for others. Companies that conduct their business in a sustainable, ecological and responsible manner appear to be far less impacted by the crisis. But why is that exactly? And what are the benefits of sustainable entrepreneurship?

On 1 February 2020, the United Kingdom officially left the European Union. However, we subsequently entered a transition period that ends on 31 December 2020. Brexit’s consequences will therefore only become truly apparent from 1 January 2021. What does this mean in practical terms for enterprises that supply goods to UK customers?

On 11 October 2020, it became a legal requirement to substantiate the accuracy and currency of information recorded in the UBO register regarding ultimate beneficial owners. This was previously a point of debate. A transition period is provided for entrepreneurs who already took action before this date.

FPS Finances issued the non-resident tax return for natural persons for the 2020 assessment year (2019 fiscal year) in early July. Paper tax return forms are expected to be available at the end of October. You may file your taxes either on paper or by digital means.

From Monday 2 November, our country will enter another, stricter lockdown period. This will be accompanied by various new and far-reaching measures. The proposals include a generous range of support measures for entrepreneurs in the catering industry and other sectors.

Do you usually work abroad, but have you worked mainly from home in the past few months due to the coronavirus? Under normal circumstances, this would mean that you now had to pay tax and social security contributions in Belgium instead of your country of employment. To prevent this, two measures were created. These measures have now been extended through 31 December 2020.

Many companies have resumed activities in the past few months. Such relaunches are not always straight-forward, however. Numerous measures and constantly changing legislation make it hard to determine the precise requirements. This can lead to unpleasant surprises in the event of an inspection. Now that the chance of an inspector dropping by is increasing likely, it is best to be well-prepared.

As from 1 December, gifts of foreign movable property executed in the presence of a foreign civil-law notary, must also be registered in Belgium. The broadening of the registration requirement may mean that you will have to pay gift taxes both in Belgium and abroad. But what does that mean for your French SCI?

The federal government has taken a number of far-reaching measures in an effort to limit the economic consequences of the pandemic. One of these measures is the option to deduct losses in advance, known as a carry-back. In a previous article, we discussed the application of the corporate early tax loss carry-back. The current article delves more deeply into the early loss carry-back for personal income tax.

From 1 December 2020, all gifts of moveable assets that are notarised abroad must be registered in Belgium. 7 July, the parliamentary committee adopted a legislative proposal that brings an end to the popular ‘cheese route’.

This summer’s second COVID-19 wave occurred sooner than expected. This has led to the implementation of various stricter measures. The government also took the opportunity to reconsider support measures for SMEs and companies. So, what support measures can you still rely on today? We have explored your options.

The one-off investment deduction is an extra deduction that companies (SMEs and self-employed persons) can enjoy on top of the ordinary write-off. This can be done specifically for new, professional investments that are depreciable over a period of at least 3 years.

A common discussion during tax audits concerns the classification of costs related to the organisation of a particular event. Entrepreneurs organise events to highlight their products and services to customers and prospects with the aim of boosting sales.