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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…...

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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…...

1. Flemish government rejects deduction of debt towards the surviving spouse in the estate of the predeceased spouse On 14 July 2017 the Flemish government approved a bill that makes the deduction of a debt to the surviving spouse in the estate of the predeceased spouse, in accordance with the marriage contract, impossible for the calculation of the inheritance tax. The Flemish government is responsible for the levying of inheritance…...

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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…...

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 &…...

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On 20 July 2017, the bill concerning the reform of Belgian inheritance law has been adopted by parliament. The reform is intended to update the inheritance law, in line with the needs and aspirations of modern society. 1                 Scope The inheritance law determines who inherits what part of the estate of a deceased person, if there is no will. The law also determines the limitations of a will. It gives…...

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…...

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…...

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…...

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On May 20, 2015, the fourth Anti-Money Laundering Directive was adopted by the European Parliament and the Council. In execution of this European measure, the Belgian government has adopted a preliminary bill on March 31, 2017. This preliminary bill introduces a UBO register in which the ultimate beneficiaries of companies and other legal entities need to be identified. 1.           Principles of the Directive 1.1.       UBO register Pursuant to the fourth…...

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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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The Program Law of December 25, 2016, published in the Belgian Official Gazette on December 29, 2016, has extended the existing Belgian tax on stock exchange transactions (hereafter “TSET”). From now on, certain stock exchange transactions, entered into or carried out by intermediaries established outside Belgium, are also targeted by the Belgian TSET. In addition, the limit of the TSET has been doubled. 1. Old legislation applicable up to and including December…...

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As of 1 August 2016, new specific legislation on fiscal regularisation entered into force in Belgium. For more information, we refer to our newsletter of 2 August 2016. Meanwhile, the model forms for submitting a regularisation declaration have been published in the Belgian Official Gazette. It is now possible to submit a regularisation declaration with the “Contactpunt regularisaties” in Brussels in accordance with the new legislation....

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As of 1 August 2016, new specific legislation on fiscal regularisation entered into force in Belgium. A specific tax levy is provided for the regularisation of undeclared income and undeclared capital. No deadline is foreseen in the legislation. However, as of 2017, the regularisation will be more expensive every year. Regularisation of income tax The new law is a federal law that regulates the regularisation of evaded income tax. The…...

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In our newsflash of 14 April 2016, we announced that the Flemish Tax Administration has expanded its position on split purchases on 21 March 2016 (with publication on 4 April 2016). Standpoint concerning split purchases The position concerning split purchase relates to the following situation: First, a gift of funds takes place; Second, the beneficiaries of the donation make a split purchase together with the donors. The donors buy the usufruct,…...

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The Flemish Tax Administration’s latest and enlarged position on split purchases leads to confusion The Flemish Tax Administration has recently expanded its position on split purchases to include the split registration of securities and investments. When securities or investments are purchased by the parents for the usufruct and by the children for the bare property, the funds necessary to achieve the purchase of bare ownership cannot have been previously donated…...

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Saskia Lust and Stéphanie Markey contributed to NederBelgisch Magazine, 1 February 2016, p.54...

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In our Newsflash of 14 December 2015, we announced that the Belgian federal government was planning to introduce a speculation-tax. This speculation-tax has been introduced by a law of 26 December 2015. In principle, it covers capital gains realized on the resale of quoted shares, options, warrants and other financial instruments within six months of the date of their acquisition (as from 1 January 2016). Essentially, the final law is…...

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1                 Adjustment legislation regarding the introduction of tax transparency for foreign legal structures In our newsflash of 24 April 2015 we announced the “look-through-tax” for foreign legal structures. As stated in our newsflash of 18 August 2015, the programme law has been published in the Belgian Official Gazette of 18 August 2015. The programme law entered into force as from 1 January 2015 and provides for: -  the introduction of…...

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1                 Increase of withholding tax on dividend and interest The Belgian federal government has announced that the rate of withholding tax on dividend and interest will, in principle, be increased from 25% up to 27%. The most important exception to this is that interest on savings accounts will, subject to certain conditions, be exempt up to 1.880 euros. Above that amount, interest on savings accounts remains subject to a reduced…...

The Royal Decrees listing the foreign legal structures targeted by the tax transparency legislation (black lists) have been  published in the Belgian Official Gazette of 28 August 2015. The legislation on the tax transparency for foreign legal structures was published in the Belgian Official Gazette of 18 August 2015. Under the new legislation, all trusts and certain foreign companies and entities with legal personality (such as foundations, for example) are…...

In the Belgian Official Gazette of 18 August 2015, a programme law has been published, including the transparency tax measures, announced in our newsflash of 24 April 2015. 1. Published law Founders of foreign legal structures, residing in Belgium, are, in principle, taxed on the income of the foreign legal structure, as if it did not exist. Distributions made by certain structures are taxed as dividends. The introduction of the tax…...

The Belgian federal government increases the rate of withholding taxes and introduces a new “speculation-tax” on shares, as part of a “tax shift”-plan. Earlier today, it was announced that the Belgian federal government will raise the rate of withholding taxes from 25% to 27%. A limited “speculation-tax” will also be introduced on capital gains realized on shares sold within 6 months of their acquisition. We will be letting you have…...

Klik hier om de volledige nieuwsbrief te lezen.        ...

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In a draft law, the introduction of tax transparency for foreign legal structures is due to come into effect as from 1 January 2015. In the draft law, new “blacklists” are introduced regarding the targeted structures. Drafts of the new “blacklists” are available. 1.   Draft legislation regarding the introduction of tax transparency for foreign legal structures Under the draft law, from 1 January 2015 onwards, founders of foreign legal structures,…...

In a draft law, the introduction of tax transparency for foreign legal structures is due to come into effect as from 1 January 2015. In the draft law, new “blacklists” are introduced regarding the targeted structures. Drafts of the new “blacklists” are available. 1.   Draft legislation regarding the introduction of tax transparency for foreign legal structures Under the draft law, from 1 January 2015 onwards, founders of foreign legal structures,…...

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On 29 March 2013, the Belgian government approved a preliminary draft law that modifies the rules on voluntary disclosure in Belgium. Present system of permanent voluntary disclosure A permanent system for voluntary disclosure has been in place since 1 January 2006. Under this system, voluntary disclosure is possible on a non-anonymous basis with the “Contactpunt Regularisaties” or “Point de Contact – Régularisation”. Where disclosure is made, the normal tax rates…...

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In a draft law, the introduction of tax transparency for foreign legal structures is due to come into effect as from 1 January 2015. Founders of foreign legal structures, residing in Belgium, are, in principle, taxed on the income of the foreign legal structure, as if it did not exist. New principles and new “blacklists” will be introduced regarding the targeted structures. Distributions made by certain structures will be taxed…...

In a draft law, the introduction of tax transparency for foreign legal structures is due to come into effect as from 1 January2015. Founders of foreign legal structures, residing in Belgium, are, in principle, taxed on the income of the foreign legal structure, as if it did not exist. New principles and new “blacklists” will be introduced regarding the targeted structures. Distributions made by certain structures will be taxed as…...

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As announced in our newsletter of 20 January 2015, the governmental agreement adopted by the new Belgian government contained the introduction of a “look-trough”-tax for foreign legal structures. The aim is for the “look-through”-tax to be consistent with the obligation for founders and (potential) beneficiaries to report, as from tax year 2014 (income year 2013), foreign legal structures in their annual income tax return (see our newsletter of 22 July…...

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Flemish registration duty and inheritance tax: “white list” including safe techniques for estate planning Under the state reforms, the competence of the Belgian Federal tax authorities for registration duty and inheritance tax, was transferred to the Regional authorities. As from 1 January 2015, therefore, competence for registration duty and inheritance tax, in the Flemish Region, lies with the Flemish tax authority. The Flemish tax authority has published, through a circular…...

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Through a recent internal circular letter, the Belgian tax authorities have introduced a uniform regulation for the disclosure of undeclared income. No new disclosure-legislation is foreseen, the last having ceased to be in force after January 2, 2014. The aim of this internal circular letter is the uniform treatment of all new disclosure files. These will now be dealt with by the regional special tax inspection unit “Bijzondere Belastinginspectie (BBI)…...

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In 6 months, on 17 August 2015, the provisions of the European Succession Regulation will become applicable. This will introduce a major change, namely that a non-Belgian, residing in Belgium, may regulate the succession of his/her estate, as a whole, according to the law of the state of which he/she is a national.  The Belgian law of succession would not, therefore, apply to a non-Belgian who has opted for his/her…...

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As announced in our newsletter of 16 October 2014, the agreement adopted by the new Belgian government contains the introduction of a “look-through”-tax for foreign legal structures. The aim is for the “look-through”-tax to be consistent with the obligation for founders and (potential) beneficiaries to report, as from tax year 2014 (income year 2013), foreign legal structures in their annual income tax return (see our newsletter of 22 July 2013).…...

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The agreement adopted by the new Belgian government, introduces a transparency tax for foreign legal structures. No detail of this measure is, however, given. Under certain conditions, the tax rate of 10% on liquidation dividends will be restored. 1      Introduction of a tax transparency for foreign legal structures 1.1  No further details are given in the governmental agreement As stated in our newsletter of 8 October 2014, the new Belgian…...

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Since 1997, Belgian residents are obliged to declare their foreign bank accounts in their personal income tax declaration. As a result of a recent change in the law, that duty has been enlarged. More detailed information must now be reported to the Central Contact Point (Centraal Aanspreekpunt / Point de Contact Central). As from November 2014, a taxpayer who has declared a foreign bank account in his personal income tax…...

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The new Belgian government plans to introduce a ‘transparency’-tax, under which, certain foreign legal structures will be categorized as ‘transparent’ for Belgian income tax purposes. Details have not yet been published, but we will keep you updated....

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  On 8 April 2014, the Grand Chamber of the Court of Justice of the European Union (CJEU) issued its long-awaited preliminary ruling on the validity of EU Directive 2006/24/EC (known as the “Data Retention Directive”). The main objective of the Data Retention Directive was to harmonise Member States’ laws concerning the retention of certain data generated or processed by providers of publicly available electronic communications services or public communications…...

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In July 2013 a legal obligation was introduced for founders and beneficiaries to report foreign legal structures in their respective annual income tax returns as from assessment year 2014 (income of the year 2013). This was flagged up in our newsletter of 22 July 2013. The foreign legal structures targeted by the reporting obligation include not only trusts but also foundations and companies, in so far as the latter are…...

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As announced in our newsletter of 25 November 2013, the Belgian government was planning to introduce, as from 1 January 2014, a tax transparency measure in personal income tax under its Program Law, enacted at the end of 2013. This measure would affect founders of foreign legal structures by introducing the concept of fictional attribution of property ownership. However, the draft of the tax transparency law was not adopted before…...

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Pursuant to the draft of the Program Law to be voted at the end of 2013, the Belgian government plans to introduce a tax transparency measure which will affect founders of foreign legal structures by introducing the concept of fictional attribution of property ownership, as from 1 January 2014. This tax transparency measure is consistent with the obligation, introduced this summer, for taxpayers to report, in their income tax returns…...

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1.     Introduction of duty to report legal structures A bill introduces the obligation for Belgian, personal income taxpayers to report, each year, the existence of any legal structures of which they, their spouses, or underage children, are either founders or (to their knowledge) beneficiaries. The manner or time at which the advantage is conferred, is irrelevant. The reporting obligation also extends to potential beneficiaries. 2.     Definitions of legal structure A…...

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  Het Hof van Cassatie heeft zich in een kort arrest van 15 maart 2013 nogmaals uitgesproken over de belastbaarheid van een Nederlands AOW pensioen in België als uitgesteld beroepsinkomen tegen progressieve tarieven conform artikel 34, §1, 1° van het Wetboek Inkomstenbelastingen. De heer S., met de Nederlandse nationaliteit, werkte gedurende tien jaar in Nederland en was als dusdanig verplicht verzekerd overeenkomstig artikel 6.1.a AOW-wet. De heer S. zette vervolgens…...

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  On 29 March 2013, the Belgian government approved a preliminary draft law that modifies the rules on voluntary disclosure in Belgium. Present system of permanent voluntary disclosure A permanent system for voluntary disclosure has been in place since 1 January 2006. Under this system, voluntary disclosure is possible on a non-anonymous basis with the “Contactpunt Regularisaties” or “Point de Contact – Régularisation”. Where disclosure is made, the normal tax…...

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Vanaf 1 juli 2012 moet in België ook bij vermogens- en successieplanning rekening gehouden worden met een anti-misbruikbepaling. In een nieuwe omzendbrief van 10 april 2013 verduidelijkt de administratie de zeer algemene wettelijke bepaling. 1      Algemene bepaling in de fiscale wet De fiscale anti-misbruikbepaling wordt in de wet zeer algemeen omschreven. Kort en (te) eenvoudig samengevat stelt de wetgever dat de bepaling van toepassing is op gekunstelde rechtshandelingen die uitsluitend…...

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  Volgens persberichten wordt het tarief van toepassing op liquidatiedividend per 1 oktober 2014 verhoogd van 10% naar 25%. Tot voor 1 oktober 2014 zouden vennootschappen nog tegen het tarief van 10% geliquideerd kunnen worden. Voorts zouden belaste reserves tot voor 1 oktober 2014 tegen een tarief van 10% in het kapitaal kunnen geïncorporeerd worden. Bij een opvolgende vermindering van het kapitaal zou de uitkering van de voorheen geïncorporeerde reserves…...

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Er werden wetswijzigingen inzake fiscaliteit beslist door de Belgische regering, in principe vanaf 1 januari 2013. Hierna vindt u - onder voorbehoud van wijzigingen - een samenvatting van de hoofdlijnen, in het bijzonder inzake belasting en aangifte van rente- en dividendinkomsten. I WIJZIGINGEN INZAKE RENTE- EN DIVIDENDINKOMSTEN I.1. Uniforme tariefverhoging tot 25% In principe worden alle rente- en dividendinkomsten per 1 januari 2013 belast tegen een tarief van 25%. Het…...

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Vanaf 1 juni 2012 moet in België ook bij vermogens- en successieplanning rekening gehouden worden met een nieuwe anti-misbruikbepaling. In de wet wordt de bepaling zeer algemeen omschreven. In een omzendbrief van de fiscale administratie van 19 juli 2012 worden richtlijnen en concrete voorbeelden gegeven. I ALGEMENE BEPALING IN DE FISCALE WET De nieuwe fiscale anti-misbruikbepaling wordt in de wet algemeen omschreven. Kort en (te) eenvoudig samengevat stelt de wetgever…...