Policy

Press Release

Reformed corporate tax well on track

The corporate tax reform has been one of the key economic reforms achieved by this federal government. In the first phase of this year, the general rate has been reduced to 29% and SMEs are now paying 20% on the first tranche of 100,000 euro in profits. A large part of this tax is paid by companies in advance, a system which has also been modified along with the corporate tax reform.   An increase by 6.75% will be applicable to companies that do not or insufficiently pay off in advance…
Press Release

Tax on digital technologies: Minister of Finance favours fair contribution while stimulating innovation ambitions

On Thursday and Friday, the Ecofin (Economic and Financial Affairs Council configuration) held a meeting in Sofia which, among other things, dealt with the digitalisation of the economy and the adjustment of tax regulations.   The key question is how large digital players, such as Google, Facebook, Amazon and others, should be treated for tax purposes.   As a result of the increasing digitalisation of the economy, some digital multinationals hardly pay taxes on their profits…
Press Release

Excellent results obtained again in 2017 as regards fight against tax fraud

The Special Tax Inspection has again obtained in 2017 impressive results as regards fight against tax fraud. That’s what has been revealed by the latest figures transmitted to the Parliament.The Special Tax Inspection’s results concern taxes and VAT which have been put on the assessment list (direct taxes) or recovered (VAT) by the Special Tax Inspection’s control departments. Within this framework a distinction must be established between the assessments (administrative…
Press Release

Access to financing for enterprises getting easier

On the proposal of the Minister of Finance and the Minister of Economy, the government approved today a new set of measures whose objective is to facilitate the access for small and medium-sized enterprises to financing.The legal obligations applying for the enterprises wishing to finance themselves by appealing to public investors are from now on made more flexible.  It means in concrete terms that when the amount that the enterprise wishes to obtain is lower than 5,000,000 euros or…
Press Release

The private pricafs (private equity closed-end funds) soon more attractive for investments

The Chambre des représentants (House of representatives) has adopted yesterday a bill mentioning various measures for economic recovery. A part of these measures makes the rules as regards the private Pricafs (PP) more flexible in order to improve their appeal as investment vehicle. These changes will be applied as from the assessment year 2019.The private Pricaf has been introduced by the law of April 22nd 2003. It encouraged the private investments, coming from Belgium as well as foreign…
Press Release

First jobs for young people - tax compensation for the employers

The House of representatives has adopted yesterday a bill mentioning various measures for economic recovery. One of these measures allows the employers to hire young people while paying a reduced gross salary.  With this measure, the government intends to support the development of first jobs for young people. The employers can indeed hire workers while paying a reduced gross salary when the workers meet two criteria: they must be younger than 21 years and have no work experience. …
Press Release

Tax shelter for start-ups extended to growing enterprises

The House of representatives has adopted yesterday a bill mentioning various measures for economic recovery.  One of these measures is the extension of the tax shelter for start-ups to the growing enterprises. A tax shelter of 25% will therefore be introduced for investments in growing enterprises.  This new measure will be applied as from the assessment year 2019.These last years, Belgian authorities have taken many measures in order to support start-ups.  The government wants to…
Press Release

Self-employed persons can from now on also choose flat-rate professional expenses

Self-employed persons making profit can from now on choose the deduction as regards flat-rate professional expenses. This flat-rate will amount to 30% of the gross profit and is limited to 4,720 Euro at the most.  It is the same flat-rate than the one for the workers introduced last year. This change belongs to the bill mentioning various measures for economic recovery and which has been adopted yesterday by the House of Representatives. As from the assessment year 2019, self-employed…
Press Release

Developing the possibilities as regards the pension savings scheme: 960 Euro at 30% or 1,230 Euro at 25%

Persons relying on a pension savings scheme could now decide to save a maximum amount of 1,230 Euro, which gives way to a tax reduction of 25%.  The system according to which a maximum amount of 960 Euro can be saved while benefiting from a tax reduction of 30% can still be applied.  This change belongs to the bill mentioning various measures for economic recovery and which has been adopted yesterday by the House of Representatives. Besides the existing system of the pension savings…
Press Release

Additional tax benefits for single parents having a limited professional income

As from the assessment year 2018, single parents having a limited professional income will benefit from an additional tax advantage, thanks to the increase by 1,000 Euro of the tax-free income quota for single persons. This change belongs to the bill mentioning various measures for economic recovery and which has been adopted yesterday by the House of Representatives. Single parents with a limited professional income would benefit from an additional amount as regards the tax-free quota for…

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