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Latest news & developments

2 March 2021

UK Border Operating Model – Be ready for 1 April 2021

As of the first of April 2021, stage 2 of the Border Operating Model will start. Goods subject to Sanitary and Phytosanitary controls will have additional requirements put on them when imported into the UK. What does this mean for your business? For the import of these kinds of products as of the first of

2 March 2021

Employer interventions for homework: updated guidelines beyond COVID-19

As many questions on the possible financial contributions that employers may make to the various home office costs incurred by their employees remained unanswered in the Circular of 14 July 2020 (see our newsflash of 17 July 2020 in this respect), a new Circular (2021/C/20) was published by the Federal Public Service for Finance on

28 February 2021

Public Country-by-Country reporting is moving ahead!

On 25 February 2021, the Ministers of Internal Market and Industry met virtually to discuss a proposal for Directive on the so-called Public Country-by-Country Reporting. Under this proposal, revived under the current Portuguese Presidency of the Council of the European Union, multinational enterprises with consolidated revenue of more than 750 million euro during the last

24 February 2021

Shareholders’ say on pay – Prepare your next general meeting – Last call

In our newsflash dated 6 May 2020, we informed you about the extended say on pay of shareholders introduced by the Revised Shareholders’ Rights Directive (SRD II) and implemented into Belgian law for Belgian quoted companies. Remuneration report: extended transparency on individual pay disclosure & pay ratio Shareholders have their word to say on the

19 February 2021

Beneficial tax regime on the transfer of family businesses

To stimulate a more active transfer of family businesses, the Flemish Government decided in 2012 to change fiscal tactics and provide for an exemption of donation tax and a reduced rate of 3% of inheritance taxes for spouses and cohabitants on the transfer of a family business. The inheritance tax rate equals 7% for all

17 February 2021

Home working expense allowance – update

On 12 February, the Minister of Finance, Mr. Vincent Van Peteghem announced that some fiscal support measures will, further to the Covid-19 pandemic, be extended. One of these measures relates to the home working allowance. Since the government thinks that many companies will continue encouraging home working after the Corona Crisis, the tax-free allowance for

16 February 2021

Tax Bites Podcast: The Biden administration

What to expect on the tax policy front? Now that the dust has settled on the US elections, it is time to look ahead and see what the Biden administration will bring to the table. This not only in terms of US tax reform, but also in the context of the international debate on global