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Electrification of company cars: new rules on deductibility and incentives for charging stations

To speed up the electrification of the car park, a new law changes the rules on the deductibility of company cars and introduces tax incentives for the installation of charging stations.

Latest regulatory developments in ESG

The regulatory ESG framework relating to sustainable finance, sustainable insurance and non-financial reporting is developing at rapid pace. The European Commission has designated the transition towards a sustainable net-zero economy a key priority and is pushing ahead with a number of legislative initiatives that will make Environmental, Social and Governance policies (ESG) a crucial regulatory topic for months and years to come. A few key initiatives are discussed below in further detail.

Update on proposed amendments to the Belgian VAT Act

Following our previous news item on the proposed amendments to the Belgian VAT Act of 3 November 2021 (see here), additional amendments have been proposed. Most importantly, these additional amendments concern the following:

New double tax treaty between Belgium and France - Foreign tax credit French dividends abolished

On November 9, 2021 Belgium signed a new Double Tax Treaty with France. [1] This new treaty contains numerous noteworthy updates, amongst others the abolishment of the possibility for Belgian residents (individuals) to claim a foreign tax credit on French dividends.[2] The new treaty will presumably apply as from 1st of January 2023 for withholding taxes and as from assessment year 2024 for income taxes

Proposed amendments to the Belgian VAT Act

A draft law containing several amendments to the Belgian Value Added Tax Act was submitted to the Belgian Parliament on 27 October 2021. Most importantly, the proposed amendments concern the following value added tax (VAT) measures:

Belgian tax authorities published long awaited FAQ on the new annual tax on securities accounts

On October 7th, 2021 the Belgian tax authorities published the long-awaited guidance on the new annual tax on securities accounts in the form of a FAQ.[1] By means of citations and interpretations of the legal provisions and preparatory works to the law, the FAQ provides guidance on numerous - mostly practical - questions that have risen since the introduction of the tax earlier this year.

Le coût des obligations fiscales individuelles à charge de l’employeur : Avantage de toute nature ou dépense propre à l’employeur ?

Les contribuables soumis à l’impôt sur les revenus en Belgique (IPP ou INRpp) doivent introduire, annuellement, une déclaration fiscale auprès des autorités compétentes.

En cas de mobilité internationale, notamment, il est fréquent que les entreprises / employeurs offrent à leurs collaborateurs une assistance dans le cadre de la préparation et de l’introduction de leur déclaration fiscale en Belgique. Cette assistance se justifie par la complexité liée à leur situation d’emploi.

Euro Tax Flash - OECD Inclusive Framework Agreement

On October 8, 2021 the Inclusive Framework (IF) on Base Erosion and Profit Shifting released details of an agreement which refines the statement of July 1, 2021. In terms of consensus, 136 of the 140 Inclusive Framework countries have agreed to this release, including Estonia, Hungary and Ireland. The four countries that have not signed up are Kenya, Nigeria, Pakistan and Sri Lanka.  

Etablissement des fiches fiscales 281.10 et 281.20 - Du changement à partir du 1er janvier 2022 !

A partir du 1er janvier 2022, le montant des frais propres à l’employeur devra être repris sur les fiches fiscales 281.10 et 281.20.

Pour rappel, qualifient de frais propres à l’employeur, les frais que l’employé (ou le directeur indépendant) engage pendant l’exécution de son contrat de travail (ou de sa convention de management) mais qui sont en réalité à charge de l’employeur (ou de la société).

Réforme du droit des biens

Depuis le 1er septembre 2021, le Livre 3 du nouveau Code civil, « Les biens », est entré en vigueur.