Latest news & developments
As a recall, by request sent to the Constitutional Court, a Belgian taxpayer company has filed in January 2014 an action for annulment of the so-called Belgian ‘Fairness Tax’. This action comprises four different causes of action each of them including different headings or arguments: European law: freedom of establishment and Parent-Subsidiary Directive; Constitutional law:
Update of the Royal Decree on institutional undertakings for collective investments with variable capital that invest in financial instruments and liquidity
In a nutshell The Ministry of Finance has published a draft Royal Decree (the Draft royal decree) to update the Royal Decree of 7 December 2007 (the Royal Decree of 2007) on the institutional undertakings for collective investment (UCIs) with variable capital that have the sole purpose of collective investment in financial instruments and liquidity.
Since the Act of 13 April 1995, the judicial dissolution (i.e. court-ordered winding-up) already existed for non-active (so-called “dormant”) companies. They could be wound up at the request of the public prosecutor or any interested party if they failed to file their annual accounts for three consecutive financial years. A new Bill of law*, which
On 28 April 2017, the Belgian Council of State annulled the nomination of the French-speaking Board members of the Ruling Office, due to a complaint by a previous Board member. As a result of the judgement, the Ruling Office will not be able to take any formal decisions before the Board members have been replaced.
The Belgian tax administration has just published a list of Frequently Asked Questions (FAQ) on the webpage dedicated to the Belgian Tax on Stock Exchange Transactions (French / Dutch). This publication is quite important as it not only covers issues connected to the recent extension of the scope of the tax but also clarifies some ‘pre-existing’
The Belgian tax authorities have recently announced their new focus areas for upcoming tax audits. The aim is to encourage individuals and companies to fulfil their tax obligations ‘spontaneously’ and in a ‘correct manner’. Taxpayers may expect questions from the tax authorities or a tax audit may be triggered in relation to their personal income tax