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… ➤
October 2021 – A major energy supplier offers employers the opportunity to provide free heating or electricity to their employees. The employee is taxed on this benefit, but the taxable amount is independent of the actual value of the benefit, which is usually higher. According to the tax legislation, every employee or company director is taxed on the real value of the benefits offered by the employer… ⟶
October 2021 – The flexible application of the 80% limit, as decided by the tax administration for 2020 bonuses, is extended for 2021 bonuses. The administration announced this in a circular dated 10 June 2021. And what exactly does this relaxation consist of? For employees, the annual calculation of the 80% limit… ⟶
October 2021 – The interest rate for late payment in commercial transactions is adjusted every six months. For the past four years, this rate has been 8%. In the second half of 2019 it was increased to 8,5%, but was reduced to 8% in the first half of 2020 and remains at 8% in the second half of 2021. This interest rate is only applied to commercial transactions. Depending on the… ⟶
October 2021 – A Dutch company wants to set up in Belgium. Its Belgian competitors, who do not approve of its arrival, file a complaint against the environmental permit. According to the Permit Dispute Board (PAB), a competitive disadvantage does not constitute a sufficient interest for such a complaint. The Constitutional Court disagrees. A Dutch catering wholesaler wants to set… ⟶
October 2021 – The social agreement of June contains, among other things, an agreement on the so-called recovery hours. These are voluntary overtime hours that can be worked in addition to the normal quota and without extra pay. The granting of 120 hours of voluntary overtime was already possible in 2021 for the so-called essential sectors. The list of these essential sectors is contained in the Corona Decree… ⟶
October 2021 – Donations are only tax deductible if a number of conditions are met. However, in the context of the floods that hit our country on 14 July 2021, the Minister of Finance has provided for some relaxations. But there are basic rules that must be respected in all cases. First of all, it should be pointed out that donations have not been tax-deductible for individuals for several… ⟶
October 2021 – In mid-2020, the government launched the consumption voucher. Employers could grant a bonus to their employees, free of tax and social security contributions, up to a maximum amount of 300 euros. A year later, the government is proposing a new edition of this bonus (now called the "corona bonus"), but is also forced to make some changes to the consumption voucher. ⟶
October 2021 – The coefficient of revaluation of cadastral income (in short RC) is relevant for an entrepreneur in two specific situations: when, as a private individual, he rents a dwelling to a company and when, as a company director, he rents a dwelling to his own company. The RC of buildings is the estimated annual rent of these buildings. "Originally (in the 1960s and… ⟶
October 2021 – Provided a number of conditions are met, the court can grant a remission of residual debts to a bankrupt entrepreneur to enable him to make a fresh start. However, the entrepreneur has only three months in which to submit his application. After this period, no further remission can be granted. The Constitutional court considers this deadline to be very… ⟶
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