Category News

What is CRS? The exchange of taxpayers’ information between countries based on the Common Reporting Standard (CRS) is a global standard on the automatic exchange of financial data. The CRS is aimed at increasing tax transparency globally. It relates to…

Recap When you buy real estate in Brussels (and in Belgium in general), you need to pay a 12.5% transfer tax on the purchase price due the passing of the ownership title from the seller to the buyer. In Brussels,…

In the war for talent, Belgian start-ups are under heavy fire from global tech companies. Stock options are essential in attracting new people, but many claim that the Belgian system is not very competitive. As a result, Belgian tech unicorn…

Worldwide assets If you are domiciled in Belgium when you pass away, your worldwide assets are normally subject to Belgian (regional) inheritance taxes. A different set of rules and tax rates exist in Flanders, Brussels, and Wallonia. They all have…

Transfer tax When you buy real estate in Belgium, you need to pay a transfer tax on the purchase price due the passing of the ownership title from the seller to the buyer (much like a stamp duty). Only in…

MiCA framework Already in 2020, the EC introduced its proposal for the Markets in Crypto-Assets Regulation (MiCA) as part of its digital finance strategy. MiCA provides a legal framework for crypto-asset markets within the EU by clearly defining the regulatory…

Individual or legal entity You should not necessarily be a high-earning multinational executive operating in different countries before triggering a cross-border tax issue. When you are the sole owner and director of a foreign company, living and/or working in Belgium,…

Several clients who drive a company car, have recently been fined for about 509 EUR because they forgot to disclose the identity of the driver when paying an earlier traffic fine. This is a proposal for settlement, because if you…

When your tax bill arrives, you normally have two months’ time in Belgium to make a payment. This applies to both Personal and Corporate Income Tax, for both Resident (R) and Non-Resident (NR) taxpayers. It also includes the less common…

Every Belgian taxpayer is required to file a tax return each year. This report is then used by the authorities to determine whether there is an additional amount due or you are entitled to a tax refund. The latter is…