How to succeed in the Belgium market and avoiding difficulties
In many articles where experts present their country and services through various topics in their comfort zone, one often finds that it is about tax benefits, social benefits, subsidies and so on, and always for prosperous companies that must be able to allocate their profits as profitably as possible after the lowest possible taxation of […]
Belgium is known to the world as the country of choice for its quality of life and high level of prosperity. Located in the heart of Europe, surrounded by the cities of Paris, London, Amsterdam, Bonn and Luxembourg, Brussels (capital of Belgium) has a lot to offer. A high degree of prosperity also has a […]
Foreward by Andrew Chilvers When the 5th Anti-Money Laundering Directive was introduced into law by the UK and EU in January 2020, for many professionals it was a much needed addition to legislation that would significantly help business transparency and combat money laundering. In essence, it was good for business and for public and professional […]
Yves Lecot of Comptafid Benelux NV appointed as Commercial Judge in the Business Court of Antwerp
Yves Lecot of Comptafid Benelux NV, has been appointed as Commercial Judge in the Business Court of Antwerp. The Business Court takes all decisions on business related matters from disputes, to bankruptcy cases and reorganisations due to insufficient financing. Yves still continues his job as a Certified Accountant and Tax-consultant in Brussels.
Foreward by Andrew Chilvers Businesses across the world are undergoing the biggest remote working experiment since Europeans first sailed from their home ports to set up trading posts in Asia 500 years ago. This time around, however, companies are moving colleagues out of their plush city centre locations to set up offices at home. What […]
Immovable work, performed by a VAT payer for another VAT payer, should be invoiced under the reverse charge mechanism. In other words, the contractor does not charge the VAT due, but it is the customer which will account for the VAT due through its VAT return and will deduct it to the possible extent at […]
When a company files its tax return late or not at all, the law foresees in a minimal taxable profit on which taxes have to be paid. In case of recidivism these amounts are increased. A recent circular letter explains when we speak about recidivism. No or late tax return Up to tax year 2018, […]
One of the corona tax measures we should keep an eye on during the entire year is announced on 3 April. It concerns prepayments for companies. In order to protect your liquidity position during the months March until May/June, the advantage of the prepayments for the last two quarters was increased. Corporate tax rules Belgian […]
Foreward by Andrew Chilvers For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as straightforward as it seems. In all countries, banks are obliged to crack down on fraud and any potential financial scullduggery. As […]
Company Formations: A jurisdictional guide to setting up a business
QUESTION ONE – What are the most common structures used when international clients want to form a company in your jurisdiction? Any examples? BV or SRL The BV or SRL requires a minimum of one shareholder and no share capital. Owners must guarantee all activities for at least three years and a financial plan covering […]
Benchmark interest 2018 for cheap or interest free loans to company directors
When a company gives a cheap or interest-free loan to an employee or a director, this generates a benefit in kind in the hands of the beneficiary. Therefore, it is crucial to determine the value of this benefit in kind. The tax authorities use the benchmark interest rates which are published annually in the Belgian […]
Soon it will be time again to fill out your personal income tax return. As it is the case every year we briefly guide you through the tax return. Notwithstanding the fact that the tax authorities announce that this year there are just a few new tax codes, there are still a number of changes. […]
