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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.

As part of a multinational group, you will probably need to document your transfer pricing. What are the requirements and how do you fulfil them?

In July, David Grusch, a former US Air Force intelligence officer, turned whistleblower and claimed that alien spacecraft have been hidden by the government for decades. Just as UFOs vary in shape and colour, there are unidentified elements inside your organisation to which you would do well to pay attention. So let’s talk about the UFOs that may appear within your own organisation this year.

You’ve very likely already received text messages or emails from cyber criminals pretending to be someone else, such as a customer or a government body. This is just one of the ways that you – and by extension your entire company – can fall prey to a cyber attack. As an SME, are you in as much danger as a larger company? What are the potential consequences? But above all: how can you protect your SME against cyber crime and protect your own data – and that of your customers? You’ll find the answers to these and other important questions in our new ‘WhatsUpp’.

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.

Companies are obliged to file a corporate tax return on an annual basis. The general rule is that, as from the balance sheet date and irrespective of the date of the general shareholders' meeting, a period of seven months is granted to submit the return.

During the Covid 19 pandemic many cross-border workers were forced to work (at least partially) from home. Employers have meanwhile adopted hybrid working policies as employees have embraced working from home. In a cross-border situation, this has a significant impact for income tax and social security purposes that requires a well-guided approach. Time for an update.

Benefit in kind company cars 2023

Thanks to the growing awareness around ESG (Environmental, Social and Governance), the decision-making process of companies is increasingly influenced by matters like energy consumption, climate, health, safety and good corporate governance. ESG seeks for an equilibrium between financial economic results, transparency, social interests and the environment without losing the balance between them. It should therefore be no surprise that also the tax authorities are stimulating tax payers (more specifically companies) to greening their company car fleet by allowing a higher tax deduction for so-called ‘green cars’ and disallowing the deduction of ‘fuel cars’ going further. Next to the tax impact, the greenification of the company car fleet offers opportunities to create added value for companies, climate and their people from an innovation perspective.

In the business world, there is an evolution from ‘sustainability’, in the past often associated with environmental objectives, to the broader concept of ‘ESG’. ESG stands for ‘Environmental, Social and Governance’, and includes items such as energy efficiency, carbon footprint, availability of raw materials in the production cycle, health & safety on the work floor, board remuneration, corporate governance, etc.

The new Belgian tax regime for inpatriates and inpatriate researchers

The mandatory sustainability reporting for large companies in Europe will also involve SMEs. Look at it as a ‘call for action’ for every company.

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 ...