The OECD recently published an updated CRS FAQ. Most important is the publication of measures to force financial institutions to obtain self-certifications from all new individual and entity accountholders. Belgian financial institutions should monitor the number of undocumented new accounts and freeze or even close these accounts after 90 days. Another important modification ...
Parliament to approve legislation implementing corporate tax reform today
Today, the Belgian parliament will approve the legislation implementing the corporate tax reform. It is generally expected to be published in the Belgian Official Gazette before the end of the year. The reform will be rolled out over three years, starting in 2018, or more precisely, in assessment year 2019, linked to a taxable period starting on or after 1 January 2018. This flash will focus on the key measures which will enter into force next year. In later editions we will focus on the corporate tax reform measures which will enter into force in 2019 and 2020, such as the further reduction of the corporate tax rate to 25% as from 2020.
Bringing the latest International tax news to you
Do you want to be sure you are staying compliant and competitive? This e-newsletter will keep you up to date on the latest international tax news. You'll find information on new tax developments from around the world, as reported by our global KPMG member firms for the month of November 2017. Learn more about each region: Europe and Africa Asia Pacific and MENASA America ...
Euro Tax Flash 347 - AG Opinion in the Hornbach Baumarkt Case on German transfer pricing adjustment provisions
On December 14, 2017, Advocate General (AG) Bobek of the Court of Justice of the European Union (CJEU) published his opinion in the Hornbach Baumarkt Case (C 328/16). The case deals with German legislation, according to which income of a German taxpayer resulting from its business relationships with non-resident related companies is adjusted, as far as they differ from the arm’ ...
Benefit in Kind – Company cars, Tablet, PC, mobile phone, internet subscription
The reference CO2 emissions for the calculation of the benefit in kind for company cars in 2018 have been published (RD 13/12/2017 – BOG 19/12/2017).The new amount for diesel is lower than last year and thus a bit less advantageous for the taxpayer. It will be 86gr/km instead of 87gr/km in 2017. For petrol, LPG or natural gas, the amount remains unchanged at 105g/km. Anoth ...
Notional interest deduction rate for assessment year 2019: 0,746%
The notional interest deduction rate for an assessment year (e.g. 2019) is calculated on the basis of the average return of the 10-year OLO in the months of July, August and September of the penultimate year preceding the assessment year (e.g. 2017). For assessment year 2019, the average return and the notional interest deduction rate is 0,746% (1,246% for SMEs). This rate is ...
Euro tax flash 333 - CJEU decision in the Eqiom and Enka case
On September 7, 2017, the Court of Justice of the European Union (CJEU) rendered its decision in the Eqiom and Enka case (C-6/16). The case concerned the refusal by France to grant an exemption from withholding tax on dividend distributions by a resident subsidiary to its parent company located in the EU, which is controlled by shareholders in third States. The exemption was re ...
Belgische btw-administratie soepeler inzake verplichte factuurvermeldingen?
Op 12 oktober 2017 heeft de Belgische btw-administratie een circulaire gepubliceerd. Daarin geeft zij toelichting op recente rechtspraak van het Hof van Justitie aangaande de voorwaarden waaronder een btw-plichtige zijn recht op aftrek van btw kan uitoefenen en de voorwaarden in dit kader ten aanzien van de factuur.
Europese Hof van Justitie wijst relevant arrest over (oude) Belgische renteaftrekbeperking
In de periode tussen 1995 en 2002 konden Belgische vennootschappen geen interestaftrek genieten tot het bedrag aan ontvangen ‘vrijgestelde dividenden’ (dat wil zeggen: dividenden aftrekbaar onder het zogenoemde Belgische DBI-regime) wanneer die dividenden afkomstig waren van aandelen die minder dan één jaar werden aangehouden.
Het fiscale landschap is voortdurend in beweging. In de Eindejaarstips 2017 bespreekt Meijburg & Co de laatste fiscale ontwikkelingen in Nederland en of het mogelijk/wenselijk is naar aanleiding hiervan nog voor het jaareinde actie te ondernemen.