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Lieve gaat naar Nederland: eenvoudig implementeren van salary split Lieve moet regelmatig voor haar bedrijf naar Nederland. Waar moet ze op letten? Is Lieve minder dan 183 dagen in een periode van 12 maanden fysiek actief in Nederland, dan blijft België (als woonstaat) heffingsbevoegd over het totale inkomen. Dat loopt anders van zodra die 183 dagen grens is overschreden. In dat geval is Lieve in Nederland belastbaar op het deel…...

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Zoals bericht in onze nieuwsbrief van 23 mei jl., heeft het Hof van Cassatie in het arrest van 5 mei jl. bevestigd dat een A.O.W.-uitkering slechts kwalificeert als een in België belastbaar pensioen indien en in de mate dat er een band is met een beroepswerkzaamheid. Hieruit volgt dat wie in België woont en een A.O.W.-uitkering geniet, in België enkel verzocht kan worden om belasting te betalen over de uitkering…...

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Belgian Corporate Income Tax rate to decrease from 33.99% to 25%. Other measures to guarantee budget neutrality. On 26 July 2017, the Belgian government agreed on a far-reaching Belgian tax reform aimed at stimulating economic growth & attractiveness for foreign investment, job creation and overall fairness in taxation policy. The most important measures include a reduction of the corporate income tax rate, a minimum effective tax rate, a tax consolidation…...

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Trein, tram, bus, fiets of voet: mobiliteit vanuit vennootschapsbelasting en compensation & benefits Recent heeft Lieve beslist om haar woon-werkverkeertraject af te leggen gebruik makend van het openbaar vervoer. Helaas is er geen bushalte dichtbij het werk en moet zij nog een eindje fietsen of gaat ze te voet. Hoe ziet haar terugbetaling in de verplaatsingskosten voor haar woon-werkverkeer er nu uit? Het volledige bedrag van de werkgeverstussenkomst in de…...

In our newsletter of July 12, 2017, we informed you that a draft bill, introducing the Belgian UBO-register, was submitted to Belgian parliament. On July 20, 2017, the draft bill has been adopted in its entirety by the Belgian parliament. No adjustments have been made to the draft bill. The law will enter into force on the 10th day after the publication in the Belgian Official Gazette. One or more…...

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The digitalization of healthcare services is generally applauded, as it leads to increased efficiency, better quality of care, lower administrative costs, and patient empowerment. However, the digitalization of such services is not without risk from a data protection perspective, in particular given the ‘sensitive’ nature and strict legal protection of personal health information. Belgian doctors and hospitals have recently learned the hard way that they are indeed a hacker target.…...

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Lieve scoort: een goed bonusplan motiveert en beschermt Lieve trok een jaar geleden op eigen houtje de social media-kaart en dat werpt zijn vruchten af: 20% meer sessies in één jaar tijd. De CEO, Patrick, wil Lieve voor haar social media-plan belonen, maar wenst ook dat Lieve haar creativiteit blijft aanspreken en geen andere oorden opzoekt. En het mag ook geweten zijn, zowel binnen als buiten het bedrijf, dat enthousiasme…...

In the near future, companies and other legal entities incorporated in Belgium will have to collect and hold information on their Ultimate Beneficial Owners (hereafter “UBO’s”). Directors will be responsible to report the aforesaid information to the Belgian UBO register in a timely manner. Administrative sanctions may apply to Directors failing to comply with this obligation. 1. Recent legislative developments On 20 May 2015, the fourth Anti-Money Laundering Directive was…...

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Caroline Docclo will be speaking about the fairness tax case at the EU Anti-BEPS measures and other EU developments conference organized by the EU Tax Law Group in Rio on 29 August. Click here to see the invitation....

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Lieve pleit voor harmonisatie: over harmonisatie van arbeidsvoorwaarden In de voorbereiding van de fusie tussen Cynalco Medics en Vandam Pharma blijkt dat de werknemers van Vandam Pharma recht hebben op maar liefst 10 extralegale vakantiedagen en dat zij daarenboven geen eigen bijdrage hoeven te betalen voor hun aanvullend pensioen. Voor zover de extralegale vakantiedagen individueel werden toegekend aan de werknemers van Vandam Pharma is er in principe geen wettelijke verplichting…...

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Een aanvullend pensioen voor Lieve: met of zonder persoonlijke bijdrage? Wanneer Lieve’s werkgever beslist om een aanvullend pensioen toe te kennen aan het personeel, zullen er enkele belangrijke beslissingen genomen moeten worden, o.m. of er al dan niet een persoonlijke bijdrage gevraagd zal worden van de werknemers. De persoonlijke bijdrage wordt afgehouden van het nettoloon en geeft recht op een belastingvermindering van 30% van de betaalde bijdrage. Deze vermindering wordt…...

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The European Commission is willing to introduce Mandatory Disclosure Rules (MDR) for intermediaries designing and promoting potentially aggressive cross-border tax planning arrangements. Who will have to notify these arrangements? What about tax intermediaries whose advice are legally privileged? Which arrangements fall within the scope of this proposal? Will this new set of rules have an impact in Belgium? Context On 21 June 2017, the European Commission submitted a proposal for…...

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Congratulations to Thierry Charon and Bert Gevers on being included in the 6th edition of the Indirect Tax Leaders guide, a publication of the International Tax Review. Indirect Tax Leaders is a list of the leading indirect tax advisers in the world. Inclusion in the guide is based on a minimum number of nominations received. Besides, entrants must also receive consistently positive feedback from peers and clients. Consult the complete…...

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On 30 June 2017 Northwind secured approximately EUR 525,000,000 in funding for the refinancing of its 216 megawatt offshore wind farm located on the Lodewijkbank, 37km off the Belgian coast consisting of 72 wind turbines. The refinancing is financed by senior facilities provided by a syndicate of lenders, including ASN Bank, Belfius, BNP Paribas, Rabobank, ING, KBC, Natixis, Société Générale, Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ and…...

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On 14 June 2017, the European Court of Justice gave a very strict interpretation of the rules laying down the conditions for the use of designations reserved to milk and milk products (‘milk’, ‘yoghurt’, ‘cream’, ‘cheese’, …). The Court indeed decided that it is in all circumstances prohibited to use dairy names in association with plant-based products, unless those names are included - in the same language - in a…...

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We produce a quarterly newsletter to keep you updated on legal developments and important trends in the real estate sector. In this issue, we address the following topics: Real Estate Investment and Taxation -   Planned major reform of Belgian company law -   Capital gain due to a review of the sector plan – Walloon Region -   VAT regime of real estate (asset/property) management services Real Estate Management -    Repurchase right under economic…...

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On 12 June 2017, the Belgian VAT authorities published circular letter n° 2017/C/36 which provides guidance on the application of the VAT exemption for insurance and reinsurance transactions as described in article 44, §3, 4° of the Belgian VAT Code. As of 1 January 2018, the VAT exemption for insurance transactions will no longer be applicable to claims settlement services provided by a third party in the name and on…...

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On 18 May 2017, the Belgian Federal Parliament adopted a new Act on actions for damages for competition law infringements (the “Competition Law Damages Act”).[1] The Competition Law Damages Act transposes  Directive 2014/104/EU (the “EU Damages Directive”) into Belgian law, which aims to make it easier for victims of competition law infringements to claim damages for the harm they suffered.[2] The Competition Law Damages Act was published in the Belgian…...

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Congratulations to Christian Chéruy on being recognized by Best Lawyers™ as the 2018 Tax Law “Lawyer of the Year” in Brussels. This represents an outstanding achievement as only a single lawyer in each practice area in each community is honoured as “Lawyer of the Year”. We are also particularly happy to inform you that 10 partners from Loyens & Loeff were included in the 8th Edition of The Best Lawyers™…...

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Koen Panis was a speaker on the study day of the University Leuven regarding the introduction of the new act on movable security. Interesting speakers and good crowd! The written contribution by Koen Panis and Robbert Jacobs on the interaction between the Financial Collateral Act and the new regime on pledges can be found in the book published in relation to the study day....

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Als ondernemer binnen een KMO staat u elke dag voor de meest uiteenlopende kansen en uitdagingen: optimalisatie arbeidsverloning, complexe contractbepalingen, veranderende vennootschapsbelasting, mogelijke overnames… De dagelijkse realiteit van de bedrijfsvoering zit vol vragen waar u niet altijd een antwoord op weet. Loyens & Loeff ondersteunt u en uw onderneming op fiscaal en juridisch vlak, met een geïntegreerde aanpak; alles onder één dak. Om u wegwijs te maken, hebben wij een…...

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Trap net als vele andere werkgevers, je werknemers naar een gezondere, snellere en handiger vervoersmiddel. Laat de (elektrische) fiets een prominente plaats krijgen in uw bedrijf! Om het fietsgebruik te stimuleren heeft de wetgever voorzien in tal van (para)fiscale incentives. Hieronder lijsten wij kort de parafiscale en fiscale behandeling op van de elektrische fiets. Vooreerst is het zo dat de (para)fiscale incentives die gelden voor de gewone fiets gelden ook…...

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The European Commission’s Regulatory Committee on Medical Devices has adopted a Commission Decision on the qualification of cranberry products. According to the Decision, cranberry products do not fall within the definition of medical devices set out in the Medical Devices Directive.   The European Commission’s Regulatory Committee on Medical Devices has adopted a Commission Implementing Decision on the qualification of cranberry products. The Decision states that products “whose principal intended action,…...

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On 29 May 2017 the Belgian VAT authorities published circular letter n° 2017/C/32 to clarify the VAT treatment of: business gifts; samples; promotional items; occasional gifts for staff or their children; goods that are donated by a taxable person to victims of a disaster; and food surpluses that are donated by a taxable person to food banks (merely a reference to existing administrative rules). The circular letter provides a definition…...

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From 18 April until 5 May 2017, Loyens & Loeff carried out a survey in order to better understand how companies are preparing for the entry into force of the EU General Data Protection Regulation “GDPR”, applicable as from May 25, 2018. Thanks to the great response that we received, we were able to identify gaps as well as the biggest challenges that companies are facing in preparation for the GDPR.…...

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In a recently delivered judgment in Case C-339/15, the Court of Justice of the European Union found that the Belgian legislation prohibiting in strict and absolute terms any advertising with regard to the provision of oral and dental care services is incompatible with the EU law. The case concerned a Belgian general dental practitioner accused of having, during the period from 2003 to 2014, advertised the dental services he provided…...

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This publication is only available in Dutch.  ...

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Last weekend’s cyber-attack has caused significant technical and operational problems worldwide. And while the main issue in these cases is of course IT-security, such attack also gives rise to important legal / data protection issues that should not be neglected. What is everyone talking about? Over the past weekend, IT-systems around the world were hit by a highly-effective ransomware-attack labelled “WannaCry”, disabling entire computer systems and databases and in some…...

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This seminar for intermediaries will focus on the introduction of a UBO-register in Belgium, the Netherlands & Luxembourg pursuant to the 4th EU Anti Money Laundering Directive. The seminar will address the challenges that private clients in these jurisdictions will be faced with, but shall also cover options (including Switzerland) that clients still have to protect their privacy. The seminars given in Belgium, the Netherlands and Luxembourg will have the same…...

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On 31 May 2017, Caroline Docclo will chair the FEB / VBO annual seminar “The implementation of BEPS measures aimed at tax treaties by the Multilateral Instrument”. She will also talk about the changes to the definition of permanent establishment. Click here to view the programme....

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On Thursday 8 June 2017 the Loyens & Loeff Belgium's Tax and IP teams jointly organise the seminar: The new Belgian Innovation Income Deduction:  How to get the most out of it? In order to guide you through the essential characteristics of the new Innovation Income Deduction  (IID) and the fundamental changes compared to the old Patent Innovation Income Deduction (PID), Loyens & Loeff’s tax and IP teams are joining…...

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1  History of the tax shelter for equity investments in starting companies Since mid-2015, Belgian legislation provides for a very interesting tax incentive for Belgian-resident private individuals who invest in the capital of a Belgian or EEA startup that is less than four years old. The first move was the tax shelter law of 10 August 2015, providing the framework and the many conditions for the personal income tax reduction of…...

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On 19 (London), 20 (the Hague) and 21 June (Brussels) Bert Gevers and Gerard Kreijen of our International Trade Team will speak on the latest developments and critical issues in EU and US export controls and economic sanctions. We are honored to welcome Mrs. Adjoa Linzy, senior enforcement officer at OFAC, as a keynote speaker for the events. She will join the discussions with our experts and leading industry compliance professionals.…...

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Yesterday, on 13 April, a circular letter (Dutch/French) was issued by the Belgian General Tax Administration that puts an end to a discussion that had been going on for some time with respect to the reduced valuation of stock options or warrants granted to persons who use a personal service company to deliver services. While the informal practice of applying the lower of two valuation methods for the benefit in…...

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Our colleagues Gerard Kreijen and Jochen Vankerckhoven will speak on the current state of EU/US economic sanctions at the NT Iran Logistics Seminar on 5 May at PortHouse Antwerp. Click here to view the programme.  ...

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On Tuesday 25 April 2017, the Belgian Real Estate team organises its third seminar of 2017.   The topics of this seminar will be: European Directives and their implementation in Belgium: ATAD and SAAR under the Parent/Subsidiary Directive MLI provisions on share deals Update on application Belgian GAAR to real estate transactions Transfer of split ownership Analysis of the proposal for a tax reform Speakers: Ariane Brohez and Christophe Laurent Programme 11.45…...

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Loyens & Loeff’s Real Estate Team is glad to provide you with this first edition of the booklet “Leases in Belgium”. Leases represent the future return on an investment. A good knowledge of the multiple nuances of Belgian tenancy law and of the impact that other disciplines, ranging from administrative to tax law, might have on leases, will allow investors to avoid unexpected costs and therefore will lead to optimisation…...

On 22 March 2017, the Belgian Competition Authority (“BCA”) imposed a fine of EUR 5.489.000,00 on Algist Bruggeman NV and its parent companies (“Algist”) for resale price maintenance and for hindering competition from low-price brands of fresh yeast. Algist is Belgium’s largest supplier of yeast products, supplying industrial, semi-artisan and artisan bakeries. It sells its products directly to large industrial bakeries, but for semi-artisan and artisan bakeries it sells through…...

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Loyens & Loeff is helping to support the non-profit association Stop Darmkanker (‘Stop Colon Cancer’) by participating in this year’s DVV Antwerp 10 Miles & Marathon 2017 held on 23 April 2017. Through their participation, Loyens & Loeff’s runners will raise money for the good cause and thus contribute to an awareness-raising campaign which could lead to an earlier identification of colon cancer. But they cannot do it alone! They need…...

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Als ondernemer binnen een KMO staat u elke dag voor de meest uiteenlopende kansen en uitdagingen: optimalisatie arbeidsverloning, complexe contractbepalingen, veranderende vennootschapsbelasting, mogelijke overnames… De dagelijkse realiteit van de bedrijfsvoering zit vol vragen waar u niet altijd een antwoord op weet. Loyens & Loeff ondersteunt u en uw onderneming op fiscaal en juridisch vlak, met een geïntegreerde aanpak; alles onder één dak. Om u wegwijs te maken, hebben wij een…...

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Since 1 July 2016, people participating in the sharing economy benefit from a new tax and social framework. The Royal Decree of 12 January 2017 (Belgian Official Gazette of 24 January 2017) was the last component required for the new legal framework to be applied. In brief, this specific regime provides for a 20% taxation on some revenues from the sharing economy after deduction of a 50% lump-sum expenses, leading…...

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In our newsletter of January 24, 2017, we informed you of the extension of the Belgian tax on stock exchange transactions (hereafter “TSET”). As from January 1, 2017, certain stock exchange transactions, entered into or carried out by intermediaries established outside Belgium, are also targeted by the Belgian TSET. Meanwhile, the tax return of the TSET has been published and the term for the submission of the tax return and…...

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On Thursday 23 March, the Belgian Real Estate team organises its second seminar of 2017. Given its central location in Europe, proximity to the North Sea and the presence of well-equipped ports and other infrastructure, Belgium is an important pole of attraction for investors in logistic properties. In particular, due to the success of e-commerce, the proportion of logistic assets has significantly increased over the last few years. Reasons are…...

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Real Estate Seminar - News from the Regions: zoning and lease On Tuesday 21 February 2017 the Belgian Real Estate team organises its first seminar of 2017. Topics will be: The special law of 6 January 2014 concerning the 6th State Reform, which entered into force on 1 July 2014, transferred the legislative competences regarding commercial lease, residential lease and agricultural lease to the Regions. Which initiatives have the Regions already taken in these matters?…...

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January 28 is international “Data Privacy Day” or “Data Protection Day”. The purpose of this day is to raise awareness and promote privacy and data protection best practices. At the occasion of Data Protection Day 2017, the Loyens & Loeff Benelux Privacy and Data Protection Team has compiled an overview highlighting the ever-increasing importance of this topic in everyday life, and the impact hereof on various industry sectors (automotive, healthcare,…...

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This seminar is given in French and Dutch.  Switch to the Dutch or French version for more information.  ...

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Thomas Chellingsworth, Dominique Vanherck, Isis De Moortel and Bram Devlies contributed the Belgian Chapter to the Oil & Gas Lexology Navigator. This online tool provides clear, concise, comparative guidance on law and regulation worldwide, relevant to the oil and gas industry. Need more information? Please contact Thomas Chellingsworth, Dominique Vanherck, or your Loyens & Loeff advisor.  Thomas.Chellingsworth@loyensloeff.com / +32 2 743 43 77  Dominique.Vanherck@loyensloeff.com / +32 2 743 43 86 Follow our Showcase…...

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Loyens & Loeff Real Estate Team shall organise the following lunch-seminars in 2017, in our offices, from 12:00 to 2:00. 21 February 2017: News from the Regions – Zoning and lease Speakers: Lien Bellinck, Martin Manzanera and Jasper Verberckmoes 23 March 2017: Investing in logistics Speakers: Christophe Laurent, France Vlassembrouck and Jasper Verberckmoes 25 April 2017: ATAD, BEPS, GAAR, MLI, SAAR and proposal for a corporate tax reform – Impact on the real estate sector Speakers: Ariane…...