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
IMPORTANT INCREASE OF THE PERSONAL LIABILITY OF DIRECTORS, SUBCONTRACTORS AND EMPLOYEES! On February 1, 2024, Book 6 of the New Civil Code was approved by parliament. This new book reforms Belgian extra-contractual liability law. The increase of the liability of 'auxiliary persons', such as directors of companies and associations, subcontractors and employees, is particularly striking. For these individuals, it is crucial to proactively take measures to protect against potential future claims that may be brought against them.
Rising inflation has unexpectedly affected many Belgian companies, causing some to lose their ‘small company’ status under the Companies and Associations Code (CAC). In response, the European Commission updated the criteria in 2023, with new thresholds for turnover and balance sheet totals effective from 2024. These changes aim to alleviate the administrative burden on companies and ensure compliance with financial regulations.
Discover the new rules on financial subcontracting in the construction, meat and house removal sectors from 2025. Find out how this legislation tackles social dumping and what sanctions apply.
‘From 2025, there will be significant changes to Belgian VAT regulations. Read more about the new filing deadlines, penalties for late filing and payment, automatic direct debit of VAT payments, and monthly refund of VAT credits'
‘Find out about the legal risks and requirements for dividend distributions at private and public limited companies. Learn how directors can be held liable, even if the legal distribution tests have been carried out. Read more about recent case law and tips on compliance.’
Quentin Herbinaux asked for Grant Thornton’s financial advice in order to professionalise chemical company Dequachim. In ‘On a roll’ he shares his experiences.
The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. Each year, new Standards and amendments are published by the International Accounting Standards Board (IASB). These changes have the potential to significantly impact the presentation of a complete set of financial statements, and 2024 is no different.
Last year, Grant Thornton France released our first White Paper aimed at presenting the evolution of telework in France, Germany, Spain, and Italy, both before, during, and after the Covid-19 pandemic. Following this initial version, we reached out to our colleagues in other European countries and are now proud to present this updated version with additional contributions from the Netherlands and Belgium
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.