Bitcoin itself does not really require any introduction. It is a peer-to-peer payment system and digital currency. Often referred to as a ‘cryptocurrency’, because it uses cryptography to control the creation and transfer of money. The lack of regulation is…
Trusts do not exist under Belgian civil law. Belgium does generally recognize foreign trusts and will potentially subject them to both income tax and transfer taxes. To tackle tax evasion and tax avoidance, Belgium introduced the so-called ‘Cayman tax’ back…
A ‘late payment interest’ (LPI) is charged on any income tax or penalty that remains unpaid after it has become due and payable (Article 414 ITC). The current LPI is 7% (a non-deductible expense). The LPI is assessed on every…
Staff members of a Belgian embassy that work in a country that has no double tax treaty with Belgium, will no longer have a risk of being taxed twice (namely in Belgium and in their own country). Before, there was…
About a year after first presenting his ambitious corporate tax reform plan, the Belgian Finance Minister has now given the green light to implement a general tax reform as from 2018. Most new measures were copied from last year’s memorandum,…
In a circular letter of 13 April 2017 (nr. 2017/C/21), the Belgian tax authorities further clarify the tax treatment of stock options granted to managers who work with a management company. According to the Belgian stock option law of 26…
To further simplify Belgian VAT compliance, the tax authorities have announced that the advance VAT payments required of taxpayers that file quarterly VAT returns, will be abolished as from 1 April 2017. In other words, as from filing the quarterly…
Belgium and Japan have signed a new tax treaty which is to replace the current treaty of 1968, that was amended in 1988 and 2010. According to the new treaty, dividends will be subject to a maximum withholding tax (WHT)…
Da Vincilaan 1
B-1930 Zaventem
+32 2 801 13 63
Markgravelei 30 / 201
B-2018 Antwerpen
+32 3 304 82 89
Da Vincilaan 1
B-1930 Zaventem
+32 2 801 13 63
Markgravelei 30 / 201
B-2018 Antwerpen
+32 3 304 82 89
