Sticky post

Saskia Lust, co-head of our Family Owned Business and Private Client practice, wrote an article on the Belgian ‘Cayman tax’ and its impact on wealth and estate planning in Belgium. This article, published in the Trusts and Trustees journal of 28 December 2017 (Oxford University Press), is the written reproduction of the presentation Saskia Lust gave at the Benelux STEP Conference in Luxembourg on 26 September 2017. The Belgian federal…...

Sticky post

On 22 December 2017, the Belgian parliament approved the Corporate Income Tax Reform Act that includes among others a reduction of the corporate income tax rate, a minimum taxable basis, a reform of the holding regime and a tax consolidation regime. The Income Tax Reform Act was published in the Belgian Official Gazette on 29 December 2017. Some of these new measures are briefly described hereunder. For a complete and…...

Sticky post

Following the increasing difficulties with the enforcement of the legislative framework applicable to Food for Special Medical Purposes (FSMP) reported by national authorities of Member States, the European Commission has published on 25 November 2017 the Notice on the classification of FSMP. This gives the opportunity to take a closer look at this type of products. FSMP vs ‘common’ food National authorities have been faced with an increasing number of…...

Sticky post

On the 6th of February 2018 the European Court of Justice (ECJ) delivered an important judgement concerning the social security-certificate E101/A1. Certificates issued by another Member State can be disregarded if they were fraudulently obtained and the competent authority doesn’t review or withdraw the certificate in the light of these (new) circumstances. This judgement will most definitely have an impact on the legal certainty of these certificates. It was the…...

Sticky post

The Belgian VAT exemption has been restricted since December 2017 upon request of the European Commission. While article 148 of the EU VAT Directive provides in a VAT exemption for “vessels used for navigation on the high seas” the Belgian VAT exemption only spoke of ‘seagoing vessels’[1] so that it did not matter whether those vessels were effectively used for an activity on the high seas. This interpretation was considered too broad and…...

Sticky post

For effective estate planning at international level, one needs to get an in-depth understanding of a series of legal systems. It is only by comparing the pro’s and con’s of each system that one will be able to take the best informed decision. Given the increased complexity of tax and legal systems and the increased scrutiny of tax authorities, advising private clients becomes an even more delicate matter. With this…...

Sticky post

Holiday accumulation is the next step for employees to plan their career and work – life balance. Since these provisions of the law on agile and workable work come into effect on 1 February 2018, this newsflash briefly explains what the system of holiday accumulation means, how it is introduced, what needs to be done in the event of a possible termination of the employment agreement and a short introduction…...

Sticky post

On January 25, 2018 a Royal Decree was published, which introduces an exemption from social security contributions for the compensatory indemnity granted to older employees who reduce their workload. As of January 1, 2018, it is now possible for the employer to reduce the workload of older employees and to provide for a compensatory indemnity for the wage loss that these employees suffer as a result of the relief of…...

Sticky post

Ariane Brohez and Antoine Béchaimont contributed to the Belgium Chapter of the publication EPRA Global REIT Survey 2017. Click here to read their contribution to the Belgium chapter. For further information please visit www.epra.com...

Sticky post

Loyens & Loeff provides legal and fiscal services to companies that do business in Belgium, the Netherlands, Luxemburg and Switzerland. There are a large number of French companies among its clients, and Loyens & Loeff has opened offices in Paris to better meet their needs. It is also the only law firm in Benelux that has a structured organization in the French market. Click here to read more about the…...

Sticky post

Marga Caproni (Counsel) and Stéphanie De Smedt (Sr Associate), both team leaders of the Loyens & Loeff Benelux-wide Privacy & Data Protection Team in Belgium, have published the practical guide ‘Privacy within companies’ with Kluwer.   With the entry into force of the General Data Processing Regulation or GDPR, privacy and data protection can no longer be ignored from the day-to-day activities of both large and small companies in any…...

Sticky post

Dear Reader, This quarterly newsletter aims to keep you informed about the main legal and tax items of the past and coming year in relation to your business. We hope this will be useful to you. Best wishes for 2018 and we will be happy to welcome you at our annual Real Estate seminars or to meet you at MIPIM. Download your own copy in PDF format, or view the…...

Sticky post

On 22 December 2017, the Belgian VAT authorities published circular letter 2017/C/91 which aims to provide additional guidance on the VAT status of public bodies when performing certain economic activities. Instead of outlining general principles, the VAT authorities tackle 24 specific situations which can trigger VAT issues for municipalities & social service departments (OCMW / CPAS) and their respective suppliers and ‘customers’. The situations include Q&A like: Should a municipality…...

Sticky post

De regering heeft een wetsontwerp ingediend in de Kamer om Nederlandse A.O.W.-uitkeringen van Belgische rijksinwoners altijd te kunnen belasten als pensioen. De regering wil alle A.OW.-uitkeringen van Belgische rijksinwoners kunnen belasten als pensioen. Het huidig Wetboek Inkomstenbelastingen laat dat niet toe. In een in de Kamer ingediend wetsontwerp worden alle inkomsten toegekend in het kader van een wettelijke sociale beschermingsmaatregel, belastbaar gesteld als pensioen. De regering wil zo de (cassatie)rechtspraak…...

Sticky post

This article is only available in Dutch....

Sticky post

Belgian authorities have recently adopted guidelines on the use of the term ‘artisanal’ and its derivatives in the names of products. The guidelines apply to all food and non-food products marketed in Belgium unless other rules apply. Food business operators which are not established in Belgium but operate on the Belgian market are also required by Belgian authorities to adhere to the guidelines. When a product can be called ‘artisanal’?…...

Sticky post

On 21 November 2017, the European Commission has published the Commission Notice on the application of the principle of quantitative ingredients declaration (QUID) which provides further guidance on the obligation to indicate the quantity of ingredients required by Regulation 1169/2011 on the provision of food information to consumers. The Notice replaces and complements the guidelines on QUID adopted in 1998 under Directive 79/112/EEC. Obligation to indicate QUID According to the…...

Sticky post

Reform of the Belgian Privacy Commission The General Data Protection Regulation (EU) 2016/679 creates a new privacy regime immediately applicable across the EU as from 25 May 2018. Under the GDPR, national supervisory authorities will have a strengthened role and increased enforcement powers. In order to meet GDPR requirements, the Belgian legislator has adopted a law reforming the current Belgian Privacy Commission. The law was submitted in the Chamber of…...

Sticky post

This article is only available in Dutch....

Sticky post

Royal VAT Decree n° 57 has been replaced by a new Royal VAT Decree n° 57 aiming to simplify the VAT treatment of B2B freight (and related) services in cases where the transport takes place (partially) outside the EU or where the customer is not established in the EU. It entered into force on 23 November 2017. Under the old Royal VAT Decree n° 57 freight (and related) services that…...

Sticky post

The long-awaited modifications of the BE-REIT legislation have been published. These modifications, but also the announced tax reform, encourage investments in infrastructure but also facilitate the investments in joint venture by BE-REIT. They are described below. Extension of the authorised activities to infrastructure Investments in joint venture and in institutional BE-REIT facilitated New Social BE-REIT Infrastructure and the tax reform Extension of the authorised activities to infrastructure The list of…...

Sticky post

As of 27 October 2022, a new framework of rules will apply to total diet replacement products, both in terms of compositional and labelling requirements. In addition, total diet replacement products will have to be notified in each Member State where the product is being marketed. Those new rules are laid down in the Commission Delegated Regulation (EU) 2017/1798 on total diet replacement for weight control, published on 7 October…...

Sticky post

As part of its Digital Single Market strategy, the European Commission published on 13 September 2017 a proposal for a Regulation “on a framework for the free flow of non-personal data in the European Union”. Why a Regulation governing “non-personal” data? To make sure that it is safe for businesses to store data anywhere in the EU; To eliminate barriers to trade and to enable a ‘EU data community’; To…...

Sticky post

We would like to inform you about the details of the tax reform based on the draft bill submitted to the Council of State for comments. Click here to read our newsflash. Interested by this topic? Do not forget to subscribe to our dedicated seminar of 23 November 2017, where the corporate law reform shall also be discussed ! We will keep you informed of any further developments. Please contact…...

Sticky post

Heeft u in 2016 een investering in een startende micro-onderneming gedaan via een financieringsvehikel en claimden u of uw boekhouder slechts een belastingvermindering van 30% in de aangifte personenbelasting, zal u alsnog aanspraak kunnen maken op de resterende 15% en uw belasting over 2016 bijkomend kunnen verminderen. Daartoe zal u een bezwaarschrift of een verzoek tot ambtshalve ontheffing te tot bijkomende belastingvermindering moeten richten aan de bevoegde belastingdienst. Wij doen…...

Sticky post

This article is only available in Dutch....

Sticky post

This article is only available in Dutch....

Sticky post

This article is only available in Dutch....

Sticky post

This article is only available in Dutch....

Sticky post

This article is only available in Dutch....

Sticky post

This article is only available in Dutch.  ...

Sticky post

With the act of 31 July 2017, Belgium has introduced the first whistleblowing scheme in the private sector, in execution of the Market Abuse Regulation of 2014. The provisions of the Act have entered into force on 1 September 2017. A Royal Decree of 24 September 2017 approves the procedural rules designed by the FSMA to receive whistleblowing reports. These rules will be applied as from 28 September 2017. Which…...

Sticky post

Dear Reader, We produce a quarterly newsletter to keep you updated on legal developments and important trends in the real estate sector. In this issue, you will read about what expected changes in international tax arena and Belgian tax law shall mean to your business: Belgian corporate tax reform Anti-Tax Avoidance Directive Option to subject leases to VAT Infrastructure Transfer taxes in the Walloon Region Click here to download the…...

Sticky post

On 21 September three rulings have been issued by the ECJ which will have a significant impact on the costs structure of businesses in the financial sector. The ECJ explicitly ruled that the CSGs scheme cannot be applied in the banking and insurance sector, in which businesses often rely on the CSGs scheme to mitigate VAT leakage. The CSGs scheme now seems to be blocked for such businesses, which will…...

Kernpunten Bij het betekenen van een opzegtermijn moet u een aantal formaliteiten vervullen. Bij het betekenen van ontslag met onmiddellijke ingang en betaling van een opzegvergoeding, bent u als werkgever vrij over het "hoe" en het "wanneer". Vergeet geen afstand te doen van het niet-concurrentiebeding. ______________________________________________________ Sofie heeft aan een klant een interne nota bezorgd met alle prijzen van uw producten. U besluit om afscheid van haar te nemen, maar…...

Sticky post

Kernpunten Uiteindelijke begunstigden van vennootschappen moeten worden geïdentificeerd. Informatie over uiteindelijke begunstigden wordt geregistreerd in het UBO-register. Koninklijk besluit moet de voorwaarden nog vastleggen. ______________________________________________________ U heeft de aandelen van uw familiebedrijf met voorbehoud van vruchtgebruik geschonken aan uw kinderen, Liese en Roeland. De delen van de burgerlijke maatschap, waarin u uw spaarpot heeft ondergebracht, heeft u reeds voor 50% geschonken aan uw 2 kleinkinderen. U heeft vernomen dat de…...

Kernpunten Het begrip "dagelijks bestuur" is in de praktijk vaak het onderwerp van discussie. Met een duidelijke bevoegdheidsmatrix kunnen interpretatieproblemen vermeden worden. De nakende modernisering van het Wetboek van vennootschappen zou voor meer duidelijkheid moeten zorgen. ______________________________________________________ Autoparts NV kent een steile groei. Peter (gedelegeerd bestuurder) heeft nu zijn zinnen gezet op een pand om daarin een bijkomende vestiging te openen. Peter heeft een princiepsakkoord met de eigenaar, die aandringt…...

Kernpunten Voorzie duidelijke modaliteiten inzake de uitoefening van opties. De gerealiseerde meerwaarde is in de regel onbelast. Voorzie een call optie om te voorkomen dat aandelen bij derden terechtkomen. ______________________________________________________ Na aanvaarding van de aangeboden aandelenopties is de volgende stap te weten hoe en wanneer de opties uitgeoefend kunnen worden. Het is daarbij raadzaam om bepaalde modaliteiten te voorzien. Zo kan u de uitoefenperiodes vastleggen in het plan. Dat verkleint…...

Kernpunten Innovatieaftrek van toepassing sinds 1 juli 2016. Ruimer toepassingsgebied dan de vroegere aftrek voor octrooi-inkomsten. Daarom zeker te bekijken door iedere onderneming die intellectuele eigendomsrechten bezit. ______________________________________________________ Uw bedrijf heeft nooit toepassing gemaakt van de aftrek voor octrooi-inkomsten bij gebrek aan kwalificerende patenten. Uw bedrijf is echter wel eigenaar van andere intellectuele eigendomsrechten, zoals merkenrechten en software. Biedt de nieuwe innovatieaftrek mogelijkheden tot fiscale optimalisatie? Onder druk van de…...

Kernpunten Hou reeds bij het design van uw website/app rekening met uw informatieverplichtingen. Informeer de consument voldoende over o.m. het herroepingsrecht. Vermijd zo een niet-afdwingbare overeenkomst of een verlengde herroepingstermijn. ______________________________________________________ NV Trapmasjien wil haar verkoop van fietsen extra stimuleren via e-commerce. Wanneer Trapmasjien via haar website of app haar fietsen verkoopt aan een consument dient zij de consument, vooraleer deze gebonden is, voldoende te informeren. De informatie die de…...

The introduction of an annual tax of 0,15% on securities accounts, the taxation of reimbursements of share capital and the extension of the Cayman tax are some of the compensatory measures for the announced decrease of the corporate income tax to 25%, likely with effect as from 1 January 2018. On 26 July 2017, the Belgian government agreed on a far-reaching Belgian tax reform aimed at stimulating economic growth &…...

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…...

Sticky post

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.…...

Kernpunten Een doorslaggevende stem binnen het bestuur van uw Stak is in de toekomst wellicht niet meer mogelijk. Een alternatief is een stakende stem. ______________________________________________________ U heeft aandelen in uw familiebedrijf of ander vermogen ondergebracht in een Nederlandse stichting administratiekantoor ("Stak"). Alle zeggenschapsrechten over deze aandelen of dit vermogen worden uitgeoefend door het bestuur van de Stak. Omdat u bij de certificering de zeggenschap wilde behouden bent u zelf bestuurder…...

Sticky post

Natalie Reypens and Aldo Engels contributed the Belgium Chapter to Transfer Pricing Global Guide. For the online version of the chapter, click here....

Kernpunten Met een maatschap kan u controle voorbehouden. Delen van een maatschap kan u zonder schenkbelasting schenken. Als u vruchtgebruik voorbehoudt bij een onbelaste schenking, claimt de Vlaamse Belastingdienst ook na 3 jaar erfbelasting. ______________________________________________________ U hebt uw onderneming verkocht, met de opbrengst een effectenportefeuille gekocht en de effectenportefeuille ingebracht in een maatschap. Met de maatschap wil u controle voorbehouden. U wil de delen van de maatschap schenken met voorbehoud…...

Kernpunten Een individuele pensioentoezegging beloont uw bedrijfsleiders door hun levensstandaard na pensionering op peil te houden. De opbouw en uitbetaling zijn fiscaal zeer gunstig. De pensioenopbouw kan ook betrekking hebben op jaren die reeds gepresteerd warden. ______________________________________________________ In de vorige editie van onze KMO-brochure lichtten wij de voordelen toe van een individuele pensioentoezegging ("IPT") voor werknemers. Maar ook uw zaakvoerster Patricia kan op deze manier verloond worden. Een IPT kan…...

Sticky post

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…...