Late Tax Payments and Increasing Fines
As of 2018, fines for late tax payments and insufficient prepayments have been tripled by the Belgium government. The penalty rate has risen by 6.75%. We are therefore notifying all our clients of the late payment fees and are advising them to make advance payments...
2018 Tax Reform
26th July 2017 was a memorable date for SME and business owners in Belgium, as it was the day the government agreed upon a budget for 2018 known as the ‘Summer Agreement’. The tax reform primarily affects corporate income tax legislation, with the aim of...
RESTITUTION OF HISTORIC VAT IN TAXABLE REAL ESTATE RENTAL
Since 1 January 2019, it is possible to opt, under certain conditions, for the VAT tax on the rental of a building. This optional taxation will therefore open a right of deduction, including on historical VAT, that is to say, that which became due before...