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Vastgoedactiviteiten verhinderen niet langer de toepassing van het Vlaamse fiscale gunstregime voor de overdracht van familiebedrijven

In een recent gepubliceerde ruling bevestigt de Vlaamse Belastingdienst (‘Vlabel’) voor het eerst dat een vennootschap waarvan de activiteit bestaat in de exploitatie en ontwikkeling van professioneel/commercieel vastgoed, en de verhuur ervan aan derden buiten de groep waartoe de vennootschap behoort (extra-groepsverhuur), een “reële economische activiteit” heeft in de zin van het Vlaams gunstregime voor de overdracht van familiebedrijven. Tot voor kort aanvaardde Vlabel dit enkel ingeval de vastgoedactiviteit beperkt bleef tot de verhuur van bedrijfsvastgoed tussen vennootschappen van dezelfde groep (intra-groepsverhuur).

Nieuwe verplichtingen voor de maatschap

In een vorige nieuwsbrief beschreven we al kort de belangrijkste consequenties van de uitbreiding van het ondernemingsbegrip voor maatschappen. Door de Wet Hervorming Ondernemingsrecht werd de maatschap sedert 1 november 2018 ook een onderneming, wat een aantal aanzienlijke gevolgen met zich meebrengt. Zo is er de hoofdelijke aansprakelijkheid van de maten, de verplichte inschrijving in de Kruispuntbank der Ondernemingen (KBO) en de boekhoudplicht. Daarnaast moet ook de maatschap haar uiteindelijke begunstigde(n) inschrijven in het UBO-register.

Optional VAT regime immovable rent: new VAT adjustment rules

On the 27th of May, a Royal Decree amending the provisions of Royal Decrees n° 3 and 14 has been published. Royal Decree n° 3 includes provisions regarding the VAT deduction and VAT adjustment rules. These provisions are now fundamentally changed following the introduction of the new optional VAT regime for the rent of immovable property.

ECOFIN discusses digital tax and updates the EU blacklist

In a meeting held on May 17, 2019, the Economic and Financial Affairs Council of the EU (ECOFIN) exchanged views on the taxation of the digitalized economy, in anticipation of the debates that will take place at the next G20 summit in June, where the OECD is expected to report on the progress made in addressing the taxation of the digital economy.

The ECOFIN also approved, without discussion, amendments to the EU blacklist of uncooperative jurisdictions for tax purposes. Bermuda, Aruba and Barbados were removed from the blacklist, which now includes twelve jurisdictions.

Tax Card 2019

Hereafter you can find the Belgian Tax Card edition 2019 featuring a summary of useful information on the Belgian tax framework for both companies and individuals. The Tax card is available in Dutch, English, French and German. ...

Tax legislation follows in the tracks of new mobility trends

Today, the law introducing the ‘Mobility Budget’ has been published in the Belgian Official Gazette. This new legislation allows an employee to hand in or downgrade his company car in exchange for a mobility budget and enters into force on 1 March 2019.   At the same time, another law including a few (minor) changes to the ‘Cash for car’ legislation has been published.

Currently it is already possible to include flexibility in the company car policies: employees can already hand in or downgrade a company car in exchange for other benefits or cash in the framework of a flexible reward plan or a flexible car policy. The pay-out of the balance in cash is however fully subject to income tax and social security contributions and therefore not beneficial.

Attention points for prepayments in 2019

Prepayments are essential for a company in a tax paying position that wishes to avoid an additional surcharge. Prepayments for the first quarter of 2019 (assessment year 2020 (AY 2020)) should be done on a new account number and at last April 10 2019 (for companies with a financial year ending on December 31st 2019).   The tax administration works on the MyMinFin Pro platform to allow tax payers to consult and administer their prepayments online in future.

The Council adds ten jurisdictions to its list of non-cooperative jurisdictions

On March 12, 2019 the Council adopted a revised EU “black list” of non-cooperative jurisdictions for tax purposes. In addition to the five jurisdictions that were already listed, the revised list now includes ten additional jurisdictions that did not deliver on their commitments on time: Aruba, Barbados, Belize, Bermuda, Dominica, Fiji, Marshall Islands, Oman, United Arab Emirates and Vanuatu. 

ECOFIN fails to reach agreement on digital advertising tax compromise text

The Economic and Financial Affairs Council of the EU (ECOFIN) did not reach agreement on the digital advertising tax (DAT) during the March 12, 2019 meeting. Member States’ representatives held an exchange of views on a watered-down version of the Commission’s digital services tax (DST) proposal, but failed to reach consensus on a compromise text tabled by the Romanian Presidency of the EU.

CJEU decision on the Beneficial Owner concept under the Interest and Royalties Directive and the Parent-Subsidiary Directive

On February 26, 2019, the Court of Justice of the European Union (CJEU) rendered two landmark decisions on the interpretation of the beneficial owner concept in cases where the Interest and Royalties Directive (joined cases N Luxembourg, X Denmark, C Danmark and Z Denmark) and the Parent-Subsidiary Directive (joined cases T Danmark and Y Denmark) apply. The CJEU concluded that it is for the referring courts to assess whether the arrangements under review constitute an abuse under EU law, taking into account in particular the existence of conduit companies.