Category News

Summary In a recent decision, the Belgian Ruling Office concludes that the pension capital built up in the US in a 401(k) account is taxable in Belgium at the time of payout, at separate tax rates as referred to in…

Whitelisted On 20 February 2024, the EU published an update of its list of non-cooperative tax jurisdictions. Hong Kong has been removed from the EU’s tax cooperation watchlist, commonly referred to as the ‘grey list’, and is now back on…

Filing your tax return in Belgium may seem daunting, but with a clear understanding of the key points, you should be able to breeze through the process. Here are a few items you should keep in mind: By keeping these…

If you lived in Belgium in 2023 or arrived in the country last year, you might have already received an online notification from the Belgian authorities that your 2023 tax return can be submitted. Tax-on-web, the platform to file your…

Non-domiciled The Non-Dom Tax Regime in the UK dates back to when income tax was first introduced in the 18th century. It allows UK resident individuals whose permanent home is outside the UK to benefit from taxation on a ‘remittance…

Tax liability Belgian companies with taxable income and foreign (non-resident) companies that are taxable in Belgium, are required to make prepayments for corporate tax purposes. Only SMEs are exempt from this requirement the first three years after setup. SMEs will…

Permanent establishment The number of people working from home continues to grow, yet many taxpayers are not aware of the tax consequences. There are some important considerations to take into account, especially if you work in a different country than…

Wage standard The Belgian wage standard for 2023-2024 was officially set at 0% in May 2023. This standard determines how much the average wage cost per employee may increase over the next two years. It excludes any structural salary increases…

Basic rule If you donate money or other movable assets (other than real estate) in Belgium, you are not legally required to pay any gift tax on this. You can, but are not required to do so. If you do…

Transitional period Since 2022, a new special tax regime has been in place for inbound taxpayers (employees and directors) and inbound researchers (employees) who arrive to work in Belgium. It allows part of their salary to be paid out as…