February 2024 - Inventory management costs money. But those who are smart in the warehouse can reap commercial benefits from it. In Belgium, the cost of stock for the average SME is estimated at 15 to 20 per cent of the financial value of the stock. Yet, the stock is indispensable in many cases. For three reasons: Fast delivery increases your service. ➤
February 2024 - Whatever business you are in, at the end of the financial year, only one thing counts: the amount below the line. The financial management of your business, therefore, deserves full attention. An ERP system brings insight into your data and figures. The basis of sound financial management is up-to-date accounting. An ERP… ➤
February 2024 - The start of a new year always has a number of tax novelties in store. In 2024, too, you can expect a number of changes in corporate tax. Which changes should you take into account?
Statutory filing deadlines
As is its annual custom, the FPS Finance informs taxpayers of the tax... ➤
February 2024 - In 2024, you should consider some new HR measures for employers and employees. In this article, we list some of the critical changes.
Extension of date for presentation of purchasing power premium
Through the RD of 23 April 2023 on the purchasing power premium, well-performing companies can grant a one-off purchasing power premium… ➤
February 2024 - Until the tax year 2023, non-profit organisations, international not-for-profit organisations (NPOs) and private foundations were subject to a 0.17% tax on the value of their assets (albeit with an exemption of a first tranche of EUR 25,000 of assets). Since 1 January 2024, a reformed rate… ➤
February 2022 – The conditions and modalities of the exemption from payment of the withholding tax on earned income (Pr. P.) in case of shift and night work are regularly discussed. In a circular dated mid-November, the tax authorities give their opinion on the one-third standard: from now on, this standard must always be calculated on an… ⟶
February 2022 – When transferring a family business, you can avoid inheritance or gift tax if a number of conditions are met. One of these conditions is that the business must continue without interruption, which was not evident during the coronavirus crisis. Can you expect any help from the Minister? A donation of a business is in principle subject... ⟶
February 2022 – Does 'on-call' count as working time? This question was submitted to the Court of Justice of the European Union in mid-November 2021 in relation to the on-call duty of a firefighter. This was not the first time, as the Court had already been asked to rule on the issue in March 2021. The conclusion: simply being on call can also be considered as work. ⟶
January 2022 – The Flemish Government has abolished the duo bequest as from 1 July 2021. If you had previously amended your will in order to arrange such a duo bequest, it is advisable to look again at this will and to seek alternative solutions, if necessary. The duo bequest involves you making literally two bequests. ⟶
January 2022 – Refusing to deliver to a business customer with whom you are involved in court proceedings can be a form of abuse of dominance. And it can cost you a lot of money. A hunting shop has a concession to sell a particular type of shotgun. At the insistence of the German manufacturer of the weapon, the company... ⟶
January 2022 – Since 2009, employers have been able to grant eco-vouchers to their employees. Eco-vouchers benefit from an advantageous tax and social security contribution regime. Apart from the increase in the amount that can be granted (from 125 euros to the current 250 euros), the regulations have remained unchanged for a long time. But since 2020... ⟶
January 2022 – Just as your income may still be taxable long after you have ceased your activity, your expenses may also remain deductible after you have ceased your activity. The Ghent Court of Appeal was called upon to rule on a whole series of costs and expenses that were still incurred after the cessation of activity. A particularly interesting case! ⟶
January 2022 – A tax audit primarily involves the tax authorities coming to the taxpayer's home to look at the books. The tax authorities may take copies, but they must come to you. A new law now allows the tax authorities to carry out audits without having to come to you. A law of mid-2021 adds a new paragraph to Article 315bis of the Income Tax Code 1992: "Without prejudice… ⟶
January 2022 – Employees who are provided with a company car by their employer are taxed on a benefit in kind. This benefit is based on the catalogue value of the vehicle. The additional provision of a fuel card by the employer does not affect this benefit. But what if the employee "fills up" with electricity at the employer's expense? ⟶
December 2021 – On 17 September 2021, the Consultation Committee (a body in which representatives of the federal and regional governments discuss their corona plans) decided to allow employers to find out the vaccination rate of their employees. The legal framework was defined at the federal level and immediately implemented in Flanders. The vaccination… ⟶
December 2021 – A single status for blue-collar and white-collar workers was introduced in 2013. This measure aimed to harmonise the status of these two categories of workers with regard to notice periods and the waiting day. The introduction of this status has led to an increase in costs for employers wishing to dismiss a worker. The social liability exemption helps to offset… ⟶
December 2021 – In its September statement, the Flemish Government announced a significant reduction in registration fees, at least for first-time home buyers. However, this rate reduction is offset by an increase in registration fees due in other situations. From 1 January 2022 onwards, if you buy your own freehold home in the Flemish Region, you will only have to pay 3% (instead of the current 6%) in registration duty. ⟶
December 2021 – On 29 March 2019, the tax shelter regime for the video game industry was cast in a law that has not yet come into force. Europe had expressed several reservations about the Belgian law. The requested changes should nevertheless be made quickly thanks to a recent bill. Belgium already applies a tax shelter for companies that invest in the production... ⟶
December 2021 – The term "own dwelling" refers to the family home occupied by the taxpayer. The real estate income from a dwelling of your own (the cadastral income) is exempt. However, this exemption does not apply if you do not personally occupy the dwelling. There is an exception to this rule which, although it is no longer provided for by law, is still applied in practice, at least in… ⟶
December 2021 – Since 1 January 2021, Flanders has been providing a subsidy for so-called cybersecurity improvement projects. During such a journey, the company can count on the assistance of an approved service provider to improve its security. In September 2021, a 'basic version that everyone can understand' was presented. The Cybersecurity Improvement… ⟶
December 2021 – If a director commits a breach of the law, he or she may be held personally liable for the damage caused. The company may grant him a discharge in this respect, in which case the director's liability is, so to speak, covered, at least vis-à-vis the company. But is the receiver considered a third party or does he represent the company? ⟶
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