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New package of measures to fight against tax fraud and improve tax collection

On a proposal of the Minister of Finance, the government is adopting a package of legislative and other measures to generate an additional 150 million EUR in revenue, from the fight against tax fraud and a better tax collection and this, even though tax revenues are already reaching a record high. This occurs within the framework of the budget for 2019. The most important measures are as follows: Process at the legislative level in order that tax authorities can no longer hand down…
Press Release

Reduced VAT rate on digital publications

ECOFIN (the EU Economic and Financial Affairs Council) has today decided to reduce VAT on digital publications. This leaves open the possibility for Member-States to equalise VAT rates on paper and electronic publications.To this day, European Member States were to apply a VAT rate of at least 15% on e-books and other digital publications, as opposed to a 5% rate on paper publications. As on-line publications have been subject to a higher tax as a result of this measure, the Directive has now…
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Withholding tax on movable property: measures against tax fraud and tax evasion

The Council of Ministers endorsed the Finance Minister’s proposal for a preliminary draft law focusing on the fight against tax fraud and tax evasion in the field of the withholding tax on movable property.   This draft law aims at preventing illegitimate exemptions of the withholding tax on movable property, on the one hand, and at simplifying the claim of withholding tax on movable property due in case of improper exemptions or reimbursements, on the other.  This will be…
Press Release

Withholding tax on movable property: measures against tax fraud and tax evasion

The Council of Ministers endorsed the Finance Minister’s proposal for a preliminary draft law focusing on the fight against tax fraud and tax evasion in the field of the withholding tax on movable property.   This draft law aims at preventing illegitimate exemptions of the withholding tax on movable property, on the one hand, and at simplifying the claim of withholding tax on movable property due in case of improper exemptions or reimbursements, on the other.  This will be…
Press Release

Amendments to the VAT legislation: Declaring VAT for construction works by means of a standard form & exemption from VAT of surplus food

The Finance commission has adopted a preliminary draft law that amends different aspects of the VAT Code.Declaring VAT for construction works by means of a standard formThis amendment to the law provides an important administrative simplification to owners of a recently constructed house.  From now on, these owners will be obliged only to submit the necessary data to the VAT Administration by means of a standard form. They will no longer have to send declarative copies of plans and price…
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The Minister of Finance drastically prunes VAT fines

The Minister of Finance has entrusted his administration with the task of developing a new policy about TVA fines. The previous rules dating back to 2012 were indeed often very stringent: not only was the amount of the fines very high but also the nature of the offence was not taken into consideration.In execution of the agreement of the federal government, as of now, the principle of good faith of the entrepreneur will be applied and not only the principle of bad faith.More specifically, at the…
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Support measures for companies affected by infrastructure works

Companies are now offered the possibility to apply for support measures from the tax authorities when affected by infrastructure works. These support measures will provide companies with some financial breathing space and allow them to tide over a period of temporary financial difficulties.This concerns works which are in progress or have already started as from 1 March 2018. Moreover, the project’s duration has to be at least one year and should aim at the complete reconstruction of the…
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Central point of contact (CPC) becomes dynamic database in the fight against fraud and terrorism

The draft law regarding the central point of contact for accounts and financial contracts (CPC) has been adopted by the Finance commission. This draft law brings an intensification of the fight against tax fraud and more legal certainty.  The CPC is a register of the bank account numbers and certain types of contracts held at financial institutions in Belgium by both resident and non-resident natural or legal persons. The financial institutions, which are banks, bureaux de change, credit…
Press Release

Large insurance companies moving to Belgium: three new licences granted

Following the granting of the licences to Lloyd’s, the Belgian National Bank has now also granted licences to the Australian insurer QBE, the Japanese insurer MS Amlin and the American insurer Navigators.Minister of Finance, Johan Van Overtveldt: “As these large insurance companies are moving to our country, Brussels is increasingly placing itself on the map as the European centre for insurance activities. This demonstrates the success of our strategy to focus on specific niche…
Press Release

Tax authorities grant the municipalities access to land register’s information in real time

Before that decision, municipal administrations received once a year by mail every land register’s information they needed. Since 2011, municipalities and the Patrimonial Documentation, a general administration within the FPS Finance, use the “Urbanistic Information Network”, URBAIN in a shortened form, in order to exchange information between themselves. For instance, municipalities forward building permits as well as the date of work completion by means of URBAIN to the…

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