Agreement on reference CO2 emissions from commercial vehicles for 2024

Agreement on reference CO2 emissions from commercial vehicles for 2024

March 2024 - At the end of January 2024, Finance Minister Vincent Van Peteghem reached an agreement within the federal regulation to determine the reference CO2 emissions for commercial vehicles. CO2 emissions are an important parameter to calculate the benefit in kind (VAA) for company cars. ➤

Tax changes in 2024 and their impact on your company

Tax changes in 2024 and their impact on your company

March 2024 - Like every year, in 2024 you will have to consider new tax rules that may impact your company and employees. We highlight some notable measures: Tax limit amounts re-indexed: a whole series of federal tax caps were not indexed from income years 2020 through 2023. Starting in income year 2024, these amounts will again… ➤

SME growth grant: call calendar 2024

SME growth grant: call calendar 2024

March 2024 - In 2024 you can again submit a dossier for the SME growth subsidy on three occasions. With this subsidy instrument, the Flemish government wants to support SMEs in Flanders in their growth trajectory. That trajectory must be in line with one of the following important social themes: digitalization, sustainable… ➤

6% VAT for demolition and reconstruction: update

6% VAT for demolition and reconstruction: update

March 2024 - Since January. 1, 2024, you should expect significant changes regarding the VAT rate for demolition and reconstruction of private homes. Until now, you could apply (or have applied) the 6% rate only for renovations of homes older than 10 years and for demolition and reconstruction in 32 centre cities. Since Jan. 1, 2021… ➤

Temporary tax credit for employers required to grant bike allowance

Temporary tax credit for employers required to grant bike allowance

February 2024 - Employers who have to grant bicycle allowances to their employees based on NAR CBA No 164 can temporarily count on tax compensation in the form of a tax credit. As of 1 May 2023, it will be compulsory for employers who regularly cycle to work with their employees to pay a… ➤

Everything you need to know about mandatory sustainability reporting in 2024

Everything you need to know about mandatory sustainability reporting in 2024

February 2024 - In 2024, the European Union's Corporate Sustainability Reporting (CSRD) directive will come into force, a set of laws and decrees marking a new standard around sustainability reporting. Over 50,000 large and small companies will be impacted. On 5 January 2023, the Corporate… ➤

A solid rise in single-person businesses: more SMEs than ever before

A solid rise in single-person businesses: more SMEs than ever before

February 2024 - There have never been so many SMEs in Belgium as last year. 1.3 million to be precise. Almost half of them are one-person businesses. As shown by the annual SME barometer of data specialists Graydoncreditsafe and Unizo, things are going well for Belgian SMEs. ➤

How to make your inventory management profitable

How to make your inventory management profitable

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. ➤

More insight into your business? Optimise financial management

More insight into your business? Optimise financial management

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… ➤

Corporate tax: an overview of novelties in 2024

Corporate tax: an overview of novelties in 2024

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... ➤

New HR measures in 2024

New HR measures in 2024

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… ➤

Reform of patrimony tax for not-for-profit associations, NPOs and private foundations from 2024

Reform of patrimony tax for not-for-profit associations, NPOs and private foundations from 2024

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… ➤

VAT novelties in 2024: what to remember?

VAT novelties in 2024: what to remember?

February 2024 - As every year, there are a lot of striking VAT novelties in 2024. In this article, we list some important changes for you.
VAT identification number: technical adjustments
Based on a recent draft law, several technical adjustments are being made regarding the allocation of a VAT… ➤

Penalty scales for failure to declare (foreign) property

Penalty scales for failure to declare (foreign) property

February 2024 - On 12 October 2023, the Royal Decree was published, determining the scales and application modalities of administrative fines for taxpayers who fail to spontaneously declare their immovable property. These penalty scales also apply to foreign properties. Each owner, occupier, leaseholder, superficies holder or usufructuary must declare the… ➤

Pension savings more attractive for self-employed again

Pension savings more attractive for self-employed again

January 2024 - Increased interest rates are making retirement savings attractive again for the self-employed. We take a closer look at the various forms of saving through the second and third pillars. Third-pillar retirement savings involve savings where a deposit of 990 euros (1,270 euros) entitles you to a tax reduction of 30 (25) per cent. In… ➤

3 questions and answers for a smooth start to financial year 2024

3 questions and answers for a smooth start to financial year 2024

January 2024 - What are the deadlines for corporate and personal income tax returns for assessment year 2024? And what about car taxation? Three questions to start the new year well prepared.
What are the declaration deadlines for assessment year 2024 and subsequent years? ➤

Flemish self-employed never so satisfied with their jobs before

Flemish self-employed never so satisfied with their jobs before

January 2024 - Although work stress remains a concern, Flemish self-employed people's satisfaction is in good shape. This is according to research by SERV, the socio-economic council of Flanders.
Of the 1,788 Flemish self-employed who gave their input this year (in the first measurement since the corona… ➤

Flat-rate formula mobility budget from 2024 onwards

Flat-rate formula mobility budget from 2024 onwards

January 2024 - In March 2019, you as an employer had the opportunity to introduce the mobility budget in your company. As part of a simplification of this measure, a flat-rate formula to calculate this budget will be available from 1 January 2024. Through the mobility budget, an employee can exchange his or her company car for… ➤

Disclosure requirement for tenants deducting rent as professional expenses

Disclosure requirement for tenants deducting rent as professional expenses

January 2024 - Through a bill dated 19 October 2023, the federal government announced a new measure for tenants deducting rent paid as a professional expense. This bill was passed on 28 November 2023. Today, if an owner of a second home rents this property privately, it is not taxed on the real… ➤