A law was recently approved modifying the rules relating to the federal target group reduction for first recruitments from 2024. A target group reduction is a reduction in employer’s social security contributions. The restriction that has been introduced has two components.
As a result of digitisation, documents and contracts are increasingly being signed electronically. But what exactly is the legal status of these electronic signatures? Do they have the same value as the conventional pen-and-paper signature? In this contribution we take a look at the different types of electronic signature and their status in legal transactions.
During the health crisis in 2021 and 2022, the principle of recovery hours was introduced. The social partners have now reintroduced recovery hours for the period from July 2023 to June 2025. Below we briefly explain what these recovery hours entail.
The need for a bank account is obvious for most businesses. However, the proliferation of regulations to combat money laundering and fraud is leading to financial institutions being more cautious, requesting more information and ultimately often refusing to provide basic banking services.
When the Companies and Associations Code (CAC) was introduced, attempts were made to restrict the consequences as regards corporate tax as much as possible. This ‘tax neutrality’ has in general been achieved.
The new Companies and Associations Code (CAC) expressly states that directors cannot be bound by an employment contract with the company in that capacity. However, this does not mean that a director may never enter into an employment contract with the company at which he or she is a director.
Did you know that you can be a member of the administrative body in no more than one capacity?
Did you know that new terminology has recently been introduced in company law and ...
The Federal and regional governments have recently adopted measures to combat the corona crisis (Covid-19 virus). Considering the extent of the crisis, a large number of businesses are at risk of financial difficulties. The various support measures should serve to mitigate its economic impact. The main federal and regional support measures are listed and explained below.
The new FAQ on the UBO register has been published on 2 April 2019, clarifying some previously unclear situations.
UBO-register: deadline postponed until 30 September!
The recently published Administrative Instructions for the third quarter of 2018 show that the NSSO provides an expanded interpretation of the concept of "wages" for the levying of social security contributions. The NSSO fills in the term 'at charge of the employer' more broadly. Advantages that are awarded by a third party, which is not the employer, directly to employees, without any intervention of the employer, can nevertheless be regarded by the NSSO as wages. Hereinafter we outline the terms "wages", "at charge of the employer" and the consequences of the extended interpretation.
On 16 October 2017, as you are doubtless aware, the new anti-money-laundering law came into force. The legislation provides a few obligations.
On 18 September 2017, a new anti-money-laundering law was approved, which came into effect on 16 October 2017 and which completely supersedes the anti-money-laundering law of 11 January 1993. In this article we focus on an innovation in this new law which may have a significant impact on entrepreneurs: the creation of a ‘Register of ultimate beneficial owners' ('UBO register'). Through this register, the tax authorities can gain an even better picture of what shares an individual owns.
An interesting measure further to the so-called tax shift is the ( almost full) exemption of employers contributions in case of a first employment in Belgium.
In the IT sector, the use of contracts is a well-adopted practice in comparison to other industries. This is not surprising, as our society is becoming increasingly digitised, but specific legislation is often still missing. As an ICT supplier, you are most likely confronted with several contracts on a daily basis. You understand the framework of these agreements concerning transfer of IP rights (Intellectual Property), time-and-material versus fixed price, KPI’s, service levels, and many other terms.
