The Belgian government has reached an important tax agreement today.
What is important? What do we know? Remark: the final texts have not been communicated at this time.
Contact us for more information. When starting a new Belgium company, you are able to benefit from numerous tax advantages.
Advantage 1: tax shelter. When transferring money to a newly established company (existing since less than 4 years), there is a tax deduction of 45% of the transferred cash. Not surprisingly, there are limitations and conditions: 1° the tax deduction is not allowed for the director of the company; 2° the total advantage is limited by the structure of the shareholding structure; 3° real estate and management companies are exempt; 4° payment in full of the shares is necessary. Advantage 2: lower rate for witholding tax. You can benefit from the lower witholding tax rate of 15% for dividend payout after 3 years. Keep in mind that for this advantage the condition of payment in full of the shares also applies. Contact us for more information. Yesterday, the Belgian government announced a new defence contract tender, which involves 108 Rapid Reaction Vehicles (RRV), 8 modular protection kits, 60 removable rotating carriages equipped with a smoke grenade launcher system and an open multi-year contract for technical assistance.
The information which is known at this moment is as follows: - The investment aims at replacing the Iltis-jeeps which date from 1982; - The aim is to use the new vehicles for the new strategic force structure of the Belgian land armed forces, with a focus on Battle Groups; - The tender has two aspects: 1° purchase of vehicles and 2° service contract; - They are looking for a standard vehicle, which can equipped with protection kits and the necessary telecommunication equipment. The foreseen investment amounts to +/- 25 million euros (+/-28 USD dollars). Contact us for more information. The validity of an invoice is a difficult notion, as it encompasses several aspects. Is the invoice valid in regards to general conditions, how about the lay-out, what has to be mentioned on the invoice, etc.?
Also, and very importantly, an invoice needs to meet certain requirements under VAT regulations. Starting from July 1st 2015, there is an important change in Belgium VAT rules relating to the invoice! The date of the taxable event had to be cleary mentioned on the invoice! There is some margin of tolerance: no date has to mentioned if the taxable event occured within 7 days after the date of the invoice. Therefore,
Don't hesitate to contact us for more information. Drones are "hot" in Belgium, so indicates the rising number of members of the BeUAS – Belgian Unmanned Aircraft Systems association.
Although the sector seems to be booming, laws and regulations are outdated: - the necessary register is not available - a specific government permit is only obtainable in very few cases - indoor use of the drone in a closed space is possible, but doesn't meet the objectives of the use of the drone Nevertheless, drones in all shapes and sizes are used in Belgium. Therefore, clear legal rules are necessary to operate correctly. Four possibilities need to be taken into consideration:
Please contact us for further information. |
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