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
There is no knowing what the future has in store for us. Sometimes fate can strike in ways we would not wish for and we find ourselves in a situation in which we are no longer able to manage our capital ourselves. For an entrepreneur this can have a major impact, not only on your personal capital but also on (the continuity of) your business. A healthcare power of attorney might allay your worries.
A new set of rules has recently entered into force for your company, i.e. the new Belgian Code of Companies and Associations (the ‘CCA’). This means that every company, non-profit organisation or foundation will have to amend its articles of association in order to bring them in line with the provisions of the new CCA. The new CCA, however, does not only bring obligations, but also many (flexible) opportunities. It will also give you the opportunity to make progress in the areas of digitalisation and modernisation.
How do you determine the share price in a company takeover?
Settlement mechanisms in the completion of a company takeover
Impact of cash when determining the share price in a company takeover
Impact of debts when determining the share price
The new Belgian tax regime for inpatriates and inpatriate researchers: opt-in or stay out?
Special tax regime for inpatriates and inpatriate researchers
The invoice is the commercial document ‘par excellence’. It constitutes confirmation of the services rendered or goods delivered, for which payment must be made. It is very important to ensure that invoices are raised correctly, in terms of both content and form, not just to avoid penalties but above all to guarantee good commercial relations with the customer, seeing as the latter runs the greatest risk of losing entitlement to deduct VAT in the event of an irregular invoice.
One of the questions we have been asked most often since the introduction of the new Companies and Associations Code (hereinafter referred to as ‘CAC’) on 1 May 2019, is the matter of what corporate form it is most advisable to choose, that of Public Limited Company or Private Limited Company. In this article we shall endeavour to give a brief explanation of the remaining significant differences between the two legal forms.
As Belgian resident you are obliged to declare your worldwide income in your Belgian income tax return, which includes income from movable and immovable property, professional and other income. Therefore, Belgian and foreign real estate held by Belgian citizens is to be declared as income from immovable property in their personal income tax return. Only the residential property (‘family residence’) does not have to be declared.
On 11 March 2021, the Court of Justice released its decision in the Danske Bank case (C-812/19) concerning supplies of services from a head office of a company that was part of a VAT group in one EU member state to its branch in another member state.
At the start of the COVID-19 crisis, the federal and regional governments immediately implemented a number of tax (and other) measures. Those first measures were mainly focusing on preventing any cash flow problems for companies and for the self-employed. On the long term however, not only the (lack of) cash flow causes issues. The impact of the current crisis goes far beyond cash flow and it is certain that it will take several years before the impact of the economic crisis will be digested.
At the start of the COVID-19 crisis, the federal and regional governments immediately implemented a number of tax (and other) measures. Those first measures were mainly focusing on preventing any cash flow problems for companies and for the self-employed. On the long term however, not only the (lack of) cash flow causes issues. The impact of the current crisis goes far beyond cash flow and it is certain that it will take several years before the impact of the economic crisis will be digested.
The recent outbreak of the Covid-19 crisis may have a significant impact on the overall income tax situation of individuals, following a disruption in their working pattern. Measures taken by the different governments often oblige employees to work from home, which will impact the application of any tax treaty. As the measures taken by the Belgian government are evolving rapidly, we hereby provide you with an overview of the measures already adopted. We will then also reflect on the question of what the future will bring.
