Skip to the content


Prepayments (2020)

A. Tax increases in absence of prepayments (companies) Per quarter Ass. year 2019 2020 2021(*)   April 10 9% 9% 9%   July 10 7,5% 7,5% 7,5%   Oct. 12 6% 6% 6%   Dec. 21 4,5% 4,5% 4,5%   Average 6,75% 6,75% 6,75% B. Rebates Per quarter April 10 1,5% 1,5% 1,5%   July 10 1,25% 1,25% 1,25%   ...

Belgian stock exchange tax on transactions abroad compatible with EU freedoms

The Court of Justice of the European Union (hereafter: CJEU) has ruled in its judgment of 30 January 2020 (C-725/18) that the recent expansion of Belgian stock exchange tax to transactions through a foreign intermediary is compatible with European law, i.e. freedom of capital movement and freedom of services pursuant to the Treaty on the Functioning of the European Union (TFEU) as well as their equivalents under the European Economic Area Agreement (EEA). [1]

OECD releases outline of architecture for the unified approach and a revised programme of work

On January 31, 2020, the OECD Secretariat presented the outline of the architecture on a Unified Approach on Pillar One, confirming that it is intended that both automated digital businesses and consumer facing businesses would be in scope. The OECD aims to release a final report on the technical details of the solution under Pillar One by the end of 2020.

Following a meeting of the OECD Inclusive Framework on January 29-30, 2020, on January 31 the OECD Centre for Tax Policy and Administration held a live webcast during which experts from the Center provided an update on the work relating to the tax challenges arising from the digitalization of the economy. In addition to the note on the Pillar One Architecture, an updated programme of work for Pillar One and a revised Progress Report on Pillar Two were also released. 

Look back 2019 and Tax Calendar 2020 – Financial Services Industry

In a rapidly changing environment, tax and legal issues are never far away. In this e-flash we provide you with a retrospection on the most important tax developments of 2019 for the Financial Services industry (regarding operational taxes) as well as some attention points and opportunities. We also take the opportunity to look forward to the New Year 2020 and are pleased to refer to our Tax Calendar for 2020.

EU Mandatory Disclosure Requirements – state of play

As previously reported, mandatory disclosure requirements (MDR) for intermediaries and relevant taxpayers entered into force in the European Union on June 25, 2018, to be applied as of July 1, 2020. Most, but not all, Member States met the December 31, 2019 deadline to transpose the new rules into domestic law.

This seventh Special Edition Euro Tax Flash summarizes the most recent status of the implementation of the new rules into Member States’ domestic legislation, as at January 8, 2019.

Earnings stripping rules: Royal Decree clarifying legal framework published

As anticipated in our earlier flash, a Royal Decree has been published in the Belgian Official Gazette of 27 December 2019.

The purpose of the Royal Decree is to execute the so-called “earning stripping rules“, i.e. an interest deduction limitation regime which was already enacted by the legislator at the end of 2017.

However, some issues still remain unresolved. The new (incomplete) rules enter into force as from assessment year 2020 (for taxable periods starting on 1 January 2019 at the earliest).