Category News

Under certain conditions, Belgian taxpayers can benefit from a very favourable tax regime for personal income resulting from the transfer or assignment of copyrights. Although this was initially only intended for the cultural sector and for income generated within a…

This summer, the Olympic Games took place in Tokyo, Japan, bringing together around 11,000 athletes from all over the world. The Belgian delegation counted 121 athletes – the biggest one since Helsinki 1952. After a great performance, Belgium brought home…

If you are unable to settle your entire tax bill within the first 2 months after you have received it, you can always request a payment plan to avoid further penalties. If you owe a large amount to the authorities, whether…

In their 2020 Annual Report, the Ruling Commission briefly mentioned that under certain conditions ‘mining’ crypto assets can be considered to generate business income. Miners receive cryptocurrencies as a reward for completing ‘blocks’ of verified transactions which are added to…

On 3 June 2021, the Constitutional Court ruled that Belgian inheritance tax law is discriminatory to the extent it allows a credit for foreign inheritance tax levied on foreign real estate, but not for movable assets located abroad (e.g. bank…

For a long time, US laws allowed for the creation of shell corporations that did not require to reveal their owners. One could easily open a company in states as Delaware, South Dakota, Wyoming, Nevada or Montana in complete anonymity.…

In the absence of a legal framework and a regulatory body controlling crypto assets in Belgium, we need to rely on the existing general tax and accounting principles. Considering the lack of specific tax rules, a case-by-case approach is always…

The tax authorities have announced this week that the online filing system (Tax-on-web) for both the 2020 resident and non-resident tax return (income year 2019) will be closed on April 1, 2021. This means you will no longer be able…

We recently announced that as from income year 2021 (tax year 2022) onwards, new rules apply to Belgian tax residents owning foreign real estate. Resident taxpayers need to report their worldwide earnings in the annual Belgian tax return, including their…

A referral bonus is an incentive given by a company to motivate its employees (or third parties) to recruit candidates from within their professional network. This practice is common among those seeking specific profiles that are not easily found due…