March 2021 – Anyone who turns his hobby (which has become too big) into an independent activity to be able to deduct losses from other income must be careful. Thanks to the datamining, the tax authorities identify companies that are permanently in deficit and, after control, reduce the loss of the activity to zero. ⟶

March 2021 – Being a director of a company or a ASBL/VZW has legal consequences, even if you only exercise this mandate pro forma or as a service to a friend. The Court of Cassation confirms that an individual director is required to supervise co-directors, even if this was not the real purpose of his mandate. ⟶

March 2021 – Since 1 January 2021, companies that provide their employees with more hours of training than the number required by the regulations have been exempt from paying withholding tax on earned income. If the employee undergoes at least 10 days of… ⟶

March 2021 – In 2014, the tax authorities conclude an agreement with a company and the directors of this company concerning the payment of the tax evaded. In addition to the taxes, the company pays a transactional amount. The Income Tax Code prohibits the deduction of fines. But does a transactional fine constitute such a non-deductible fine? ⟶

March 2021 – The possibility to rectify annual accounts has in fact only been enshrined in law with the new Code of Companies and Associations (CSA). In mid-2020, the CNC has adapted its old notice (from 2014) to this new legal framework. There are two different ways of correcting or amending approved annual accounts. ⟶

March 2021 – Since 2014, banks must communicate to the Central Point of Contact or "CPC" the names of all those who hold an account with Belgian banks. This allows the tax authorities to be informed of a taxpayer's accounts in the context of an investigation by sending a single request... ⟶

March 2021 – Mr X buys a house from company A, in which his father was a shareholder. According to the tax authorities, the house was sold at a price lower than its real value. The taxman therefore wants to tax the advantage to X as miscellaneous income. The Brussels court called the tax authorities to order. ⟶

March 2021 – Our tax and social legislation provides a framework for a series of benefits that can be considered as remuneration, but for which this qualification is not desirable for social reasons. The various types of vouchers (such as meal vouchers and eco-vouchers) are among...⟶

March 2021 – At the end of March 2020, at the beginning of the coronavirus crisis, the government had proposed a temporary solution for company general meetings. On the one hand, they were generally postponed and on the other hand, they could be held digitally. At the end of 2020, the legislator drew up a more definitive solution. ⟶

March 2021 – If your employee has debts to third parties, it may happen that these creditors turn to the employer for payment of part of the pay, without going through the employee. This seizure must, however, be made within certain limits, which are indexed annually. ⟶

February 2021 – In mid-December, the Accounting Standards Board (CBN/CNC) issued a notice on the entries to be made when parties enter into a transaction and the purchase price is paid into an escrow account. ⟶

February 2021 – In both Flanders and Brussels, the Regional Government opts for the commercial lease loan to support tenants of commercial buildings. The lessor also benefits from this, as he is certain to receive payment of at least part of the rent. ⟶

February 2021 – The rates of the notional interest deduction (DIN/NIA, risk capital allowance) are set annually. The rates for the tax year 2021, but also for the tax year 2022 have been published in the Belgian Official Journal of 8 December 2020. ⟶

February 2021 – Where an employer makes a company car available to an employee or a manager of an undertaking, that employee or manager 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 2020, after two years of increase, this average emission has gone down again. This is good news for the climate, but not so good news for your wallet. ⟶

February 2021 – A law published in the Moniteur belge of 11 December 2020 introduced a new obligation to register donations of movable property via a foreign notary, thus closing what has come to be known as the "cheese route" (in Dutch, "de kaasroute"). However, it is still possible to choose the route with the least restrictions. ⟶

February 2021 – The coronavirus crisis costs money. A lot of money. So the government is trying to increase its income. One of the measures already used previously is the index jump to personal income tax. An almost imperceptible tax increase. ⟶

February 2021 – The Income Tax Code (CIR) provides that the remuneration of company directors is taxable at the time it is allocated or awarded. As for withholding tax, the law stipulates that it must be withheld at the time salaries are paid or allocated. The Court of Appeal of Liège recently gave some words of explanation regarding the notions "attribute", "allocate" and "pay". ⟶

February 2021 – As usual, the legislator published in December 2020 the applicable tariffs for the publication of annual accounts in 2021. These tariffs are linked to the consumer price index, so that the filing of annual accounts in 2021 will again cost a few euros more. ⟶

February 2021 – If you act as guarantor for a bank loan to your company, you can, if the bank asks you to pay the loan, deduct this charge as a business expense. You must, however, have earned income from the company. The Court of Appeal is relatively flexible with regard to compliance with this condition. ⟶

February 2021 – Belgian residents who receive dividends of French origin are subject to Belgian withholding tax and French withholding tax. This is not unusual. This is also the case for other dividends of foreign origin. However, the Franco-Belgian double taxation treaty provides for a tax reduction... and the Belgian tax authorities refused to apply it. The Court of Cassation called the tax authorities to order. ⟶