Communication is key. Starting the conversation during your lifetime and making clear agreements with your heirs will in many cases mean that conflicts are avoided. In this article, we look at a number of tools for starting the conversation and documenting a number of agreements in a family context.
“Discover how to calculate the taxable benefit in kind (BIK) for company cars for the 2025 income year. Use our handy tool and understand the flat-rate valuation of your BIK.”
The importance of corporate compliance: peace of mind in a complex legal landscape
Prepare for Belgium's mandatory B2B e-invoicing by January 2026. Learn about the Peppol network, scope of the mandate, and available fiscal incentives to support a smooth transition.
The new 2024 legislation on private investigations brings significant changes, including mandatory licenses, stricter data protection, and integrity standards. Find out how the new law affects private investigators, HR departments, and compliance teams.
Discover the new sanctions for non-compliance with the procedures for floating work schedules after the reform of the Social Criminal Code, in force since 1 July 2024
Is your company ready for NIS2? Discover the critical cybersecurity requirements and actions needed to ensure compliance with the 2024 deadline. Protect your business from cyber risks and legal liabilities today.
Sustainability is a continuous journey, not a final destination. Discover how companies transition through the three phases of ESG transformation, from reaction to regeneration, and the role of stakeholders in creating long-term positive impacts on the environment and society
Sanctions if articles of association are not adapted to the new Companies and Associations Code (“WVV”) in time.
In previous contributions, we have taken a look at Article 5 (permanent establishment) and Article 10 (dividends) of the new Treaty for the Prevention of Double Taxation between Belgium and the Netherlands, which was signed on 21 June 2023. This article deals with a number of important changes to the treaty article concerning the management of companies. The current Article 16 on directors appears in modified form as Article 15 in the new treaty.
On 1 July 2024, the register for working partners and assistants was introduced in the Belgian construction and cleaning sectors. As part of the broader fight against social security fraud, businesses in these sectors are required to list their working partners and assistants in this register using a specific application in the Crossroads Bank for Enterprises (CBE). This will help ensure fair competition and the efficient collection of social security contributions. In addition, a further withholding obligation will be introduced in 2026.
On 21 June 2024, the Law amending social criminal law and introducing various employment law provisions was published in the Belgian Official Gazette. Most of the changes concern measures to combat illegal work and social security fraud. As well as amendments to the Social Criminal Code, provisions are also included on the organisation of the subcontracting chain and joint and several liability for payroll debts. As the latter provisions will not enter into force until 2025, we will discuss them at a later date. This article focuses on the main changes to the Social Criminal Code.
Since the beginning of 2024, many more Belgian companies have faced a specific transfer pricing (‘TP’) audit, and the number of audits is increasing all the time. Such audits are very thorough and labour-intensive and involve in-depth scrutiny of the company’s analytical figures. In this article we discuss recent developments relating to TP audits and share our experiences in this regard.
A well-considered ESG approach is increasingly important for your business value. We explain how to go about it as a large or small company.
In a new ‘On a roll’ managing director Olivier Waleffe shares how Grant Thornton assisted the dramatic transition of Duferco. Watch the video!
This contribution continues the series of articles about the new tax treaty between Belgium and the Netherlands, which was signed on 21 June 2023 (‘the Treaty’). The Treaty is expected to enter into force in 2025. In this article we consider the taxation of dividends.
The Belgian tax administration announced last week that they provide an administrative tolerance for groups of multinational enterprises (MNE) and large-scale domestic groups that will not carry out advance payments in 2024 for the domestic top-up tax or the IIR. These groups may submit their notification for registration in the Belgian Crossroads Bank for Enterprises (CBE) until 16 September 2024 (included) instead of 13 July 2024. However, in case these groups wish to carry out tax prepayments in 2024, the filing deadline remains 13 July 2024! Affected taxpayers should immediately determine whether they want to make Pillar 2 tax prepayments. If not, the group can rely on the extended deadline.
The International Accounting Standards Board (IASB) has issued amendments to IFRS 9 ‘Financial Instruments’ and some amendments have also been made to IFRS 7 ‘Financial Instruments: Disclosures’, following a post-implementation review (PIR) of IFRS 9. The amendments also include consequential changes to IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’ to reflect the amendments made to IFRS 7.
Belgian company law has followed the wider trend towards digitisation in recent years – albeit only gradually. Below we take a brief look at some examples of this and the benefits it can offer in practice.