Latest news & developments
Brexit update – EU Commission encourage stakeholders to prepare for a no-deal
The European Commission issued further guidance earlier this week on a no-deal Brexit. Although the European Commission sees an increase in the EORI registrations as well as in the AEO certifications, it strongly encourage the stakeholders to prepare for a no-deal and to take advantage of the extension till 31 October 2019. The European Commission
Fundamental changes to international tax structure ahead following OECD project on digitalisation of the economy
On 31 May 2019, the 129 members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) released a Programme of Work to develop a consensus solution to the tax challenges arising from the digitalisation of the economy. The Programme of Work was endorsed at the G20 meeting of finance ministers in Japan
Newshub: Belgian Tax Authorities announce some of their focus areas for 2019 tax audits
The Belgian Tax Authorities have recently announced some of their focus areas for 2019 for tax audits. This early warning allows both individual taxpayers and enterprises to ensure compliance with their Belgian tax obligations. Enterprises can expect to face more scrutiny in relation to the following subjects: Companies who do not fulfill all the conditions
Brexit update – Mrs. May took on the first Brexit Battle and lost. Who is next and what does this mean for business?
UK Prime Minister Theresa May formally quits as leader of the Conservative Party today. On 24 May 2019, Theresa May announced that she would resign as the Conservative Party leader today, on June 7. In her emotional speech, Mrs. May acknowledged that she had failed after her Brexit deal – the Draft Withdrawal Agreement with
Taxation of severance pay – reference year: 12 months of taxable ‘professional income’
Severance pay From a Belgian income tax point of view, all payments made by a company as a result of the discontinuation of the work or the termination of an employment contract of an employee are characterized as “severance pay”. In principle, such payments are taxed in accordance with the regime of article 171, 5°,
Belgium implements new EU Tax Dispute Resolution Directive
On 2 May 2019, Belgium completed the implementation process of the Directive on tax dispute resolution mechanisms in the EU (Council Directive 2017/1852 of 10 October 2017). This enhanced procedure for resolving cross-border direct tax disputes puts taxpayer rights at the forefront, has a broader scope of application as well as an obligation for the
