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… ➤
May 2022 – For an entrepreneur, the coefficient of revaluation of the cadastral income (CI) is relevant in two specific situations: when he rents a dwelling to a company, as an individual, and when he rents a dwelling to his own company, as a company director. The revaluation coefficient is recalculated every year. ➤
May 2022 – In the FAQ (frequently asked questions) concerning the calculation of the benefit in kind related to company cars, the tax authorities have devoted a question/answer to company cars adapted to an employee's disability. An update was published in mid-March. As such, the advantage linked to the provision… ➤
May 2022 – For many companies, finding competent employees is not an easy task. Many of them, therefore, grant a recruitment bonus to employees who introduce a new employee to them. The Tax Ruling Commission has recently published a decision concerning the tax regime applicable to this recruitment bonus. ➤
April 2022 – Special directors' liability does not apply to directors of small bankrupt companies. But who has to prove that the company is small? The creditors/guardians? Or the directors/managers? The Court of Cassation ruled at the end of 2021. In the event of a loss-making bankruptcy, it is obviously in the… ⟶
April 2022 – Since 1 June 2003, all deeds of legal persons (associations, companies and others) are published in the "Annexes du Moniteur belge". The amount of the publication fee is usually increased on 1 March and this is the case this year as well. The following documents must be published in the… ⟶
April 2022 – On 9 November 2021, Belgium and France signed a new double taxation agreement. The text of this agreement still needs to be adopted by the parliament. A double taxation agreement determines which country can tax which income. The old agreement between Belgium and France dates from 1964. ⟶
April 2022 – The "Law of 25 November 2021 organising the fiscal and social greening of mobility" has also introduced several changes to the mobility budget. It seems that this regulation has not been as successful as expected. The legislator intends to remedy this by further simplifying, making it a more flexible, sustainable means of transport and providing greater… ⟶
April 2022 – The Accounting Standards Committee (CNC/CBN) recently issued a statement on the accounting for an adjustment of the purchase price of shares in the context of a court decision. Is this an income or does it require a revision of the purchase price? Company A acquires a group of companies B. As is customary in this type… ⟶
April 2022 – Since 1 January 2022, there has been a "renovation" obligation in the Flemish Region when a non-residential building is transferred. This means that certain installations must be replaced within five years after the transfer. Also, within five years after the transfer, the facilities must meet specific minimum... ⟶
April 2022 – At the end of 2021, the legislator issued a law that aims to green our mobility, on the one hand, by abolishing the tax deduction for vehicles powered by fossil fuels and, on the other hand, by encouraging investments in C02 emission-free travel. Businesses benefit from an increased deduction for the installation of charging stations. Private individuals are… ⟶
April 2022 – In 2005, in the implementation of the interprofessional agreement, the government reduced the cost of shift work and overtime. For employees, it did so by means of a tax reduction. For employers, it has provided for an exemption from the obligation to pay the withholding tax to the Treasury. But there are limits to these tax benefits. ⟶
April 2022 – Companies and self-employed persons who use a contractor for construction work must ensure that the contractor does not have any debts to the NSSO or the tax authorities. If this is the case, a withholding obligation applies. You can easily check whether such a deduction is necessary by using this link. ⟶
April 2022 – When a company makes payments to persons or permanent establishments established in a tax haven, it must declare them. The administration has recently clarified what this means exactly... at least according to the tax authorities. If your company makes "direct or indirect" payments to persons or permanent establishments that are established in a… ⟶
March 2022 – The recovery reserve was introduced at the end of 2020 as part of the fight against the consequences of the coronavirus crisis. The legislator's intention is to strengthen the solvency and equity capital of companies affected by the crisis. The law on this recovery reserve was commented on by the tax authorities in mid-January. Companies have the… ⟶
March 2022 – Dismissal for serious reasons is an important decision. It follows a misconduct by the employee that ruins the trust placed in him by the employer and leads to the termination of the employment relationship without notice or compensation. No proportionality is required between the extent of the damage on the... ⟶
March 2022 – If an employee has debts, a creditor may approach his or her employer and ask him or her to pay part of the salary directly, without going through the employee. However, this attachment is subject to thresholds, which are indexed each year. Traditionally, a distinction is made between... ⟶
March 2022 – The application of certain labour law provisions depends on the remuneration of the employees concerned and on certain remuneration ceilings. These salary ceilings are adjusted annually. The amounts referred to in this article are the amounts for 2022. In which situations are earnings… ⟶
March 2022 – A private individual who renovates an older house can, under certain conditions, benefit from a reduced VAT rate. The client must usually confirm to the contractor that the house is sufficiently old. The contractor then issues a certificate to the client for the application of the reduced rate. This certificate will no longer… ⟶
March 2022 – When an employer provides a company car to an employee or a company director, the employee or company director is taxed on the resulting benefit. The calculation of the benefit depends, among other things, on the CO2 emission of the vehicle in relation to the average emission of the Belgian car fleet. In 2021, this average emission has fallen and your... ⟶
March 2022 – Last year, a major energy supplier suggested a fiscal engineering that allowed employers to offer free heating or free electricity to their employees. The employee was taxed on this benefit, but the tax base was much lower than the real value of the benefit. But the Minister of Finance recently objected. When an employer grants a… ⟶
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