Recent news items
Cross-Border Home Working: Extension of Measures
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.
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Resumption of company operations following corona: how to get started
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.
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Is it best to gift the shares of my SCI (Property Investment Company) before 1 December 2020?
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?
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How do I apply for a personal early tax loss carry-back?
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.
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The end of the ‘cheese route’ and the consequences for foreign assets
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’.
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What Coronavirus Support Measures Will Remain Valid as of September?
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.
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Investment deduction of 25% for SMEs
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.
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Reception costs 100% deductible...for the time being
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.
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Chamber approves temporary partial withholding tax exemption
Enterprises that were forced to put one or more employees fully on furlough during the coronavirus crisis can now make use of a temporary partial withholding tax exemption. The Chamber approved this legislative proposal on 9 July 2020.
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Dismissals in the time of COVID-19: what employers need to know
The coronavirus pandemic has greatly affected this country’s labour market. The easing of the rules on temporary unemployment due to force majeure is intended to give companies the breathing room they need until the summer and to prevent dismissals. What if these dismissals prove unavoidable, however?
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Carry-back for corona losses becomes a reality
For many businesses, the repercussions of the corona crisis may be felt for a long time to come. The House has consequently approved a bill that permits the early deduction of corona losses from taxation. Indeed, companies can now advance the deduction of such estimated corona losses by offsetting them against the taxes liable in the previous financial year. An overview of this carryback scheme is provided below.
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Suspension of notice period during furlough due to force majeure
In the context of the COVID-19 pandemic, the authorities introduced a system of temporary unemployment due to coronavirus force majeure. This easing of the rules was intended to offer companies some financial breathing room and prevent dismissals. Though initially, an employee’s notice period continued while on furlough as usual, the legislators have now decided to suspend this period until the employee has resumed work. Who will be affected by this new law?
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FAQ: Do businesses need to apply for a VAT number for construction work in France?
Vandelanotte France is regularly contacted by companies that are conducting operations in France for the first time and consequently exploring the French VAT implications. It would appear that many companies are wrestling with the same questions. We would therefore like to provide answers to our five most Frequently Asked Questions via a short news series.
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Superkern again approves additional coronavirus support measures
Last week the Belgian federal cabinet’s ‘Superkern’ again approved a series of additional measures from the third phase of the Federal Plan for Social and Economic Protection. There are two sets of measures, focusing on stimulating investment on the one hand and the organisation of work on the other. In the first phase on 6 June, the ‘Superkern’ already agreed to a previous series of additional measures.
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