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… ➤
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? ⟶
December 2021 – Tax legislation provides for a large number of obligations which, in the event of non-compliance, can be enforced by means of sanctions, seizures, forced executions, etc. Sanctions may be administrative (tax increases) or criminal (fines). But the combination of these two types of sanctions is also possible! Isn't this a question of double punishment and… ⟶
December 2021 – From January 2022, the Central Balance Sheet Office, part of the National Bank of Belgium (NBB), will make changes that may affect the way you file your annual accounts. Paper filings will no longer be possible and the online procedure will be simplified. New access procedures are planned. At present, it is only possible to log in using an identity card... ⟶
November 2021 – The electronic signature is an integral part of our society. You may even use it without being aware of it. But one electronic signature is not the other... A few words of explanation. The term electronic signature or e-signature is in fact the generic term used to designate a legal process in which the parties reach an agreement electronically, for example. The eIDAS Regulation, a European… ⟶
November 2021 – The law on commercial leases allows both the lessor and the lessee to request a revision of the rent when the circumstances justify it. A case was brought before the Justice of the Peace in Antwerp which illustrates the limits of this right. The right to request a rent review is contained in article 6 of the Commercial Tenancies Act. This section reads as follows: At the end of each three-year… ⟶
November 2021 – For some time now, interest rates have been so low that investors have to pay to invest their money. What does the taxman think about this negative interest? There are two aspects to negative interest. The first is the withholding tax (roerende vorheffing/précompte mobilier). If the bank pays you interest on the money you put into an account, in... ⟶
November 2021 – "Verba volant, scripta manent". This Latin adage means: words fly, writings remain. The principle is sound in many respects, but in the case of contracts you should not lose sight of the fact that words can also have lasting consequences. Two parties are negotiating about the potential rental of a house. They quickly agree on the conditions, but the signing of the... ⟶
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