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New tax treaty with Japan will apply as from 1 January 2020

On 19 January 2019, the Belgium - Japan Income Tax Treaty will enter into force. The treaty will apply, in respect of withholding taxes, as from 1 January 2020 and, in respect of income taxes, to taxable periods starting as from 1 January 2020. The new treaty will replace the Belgium - Japan Income Tax Treaty of 1968, as amended by the 1988 and 2010 protocols.

Euro Tax Flash Issue 392 - AG Opinions on cross-border loss relief

On January 10, 2019, Advocate General (AG) Kokott of the Court of Justice of the European Union (CJEU) rendered Opinions in the Memira (C-607/17) and in the Holmen (C-608/17) cases. Both cases concerned the compatibility with EU law of the Swedish rules on the deductibility of losses from foreign subsidiaries, and the extent to which the ‘Marks & Spencer exception’ applies, i.e. losses are considered final. The AG concluded that in the cases under review, losses cannot be considered as final.

Benefits in kind: uniform calculation for houses and reduced benefit for company cars

Changes have been made to the calculation of the benefit in kind of houses and company cars.