KPIs, or key performance indicators, are an instrument used to measure and monitor how effectively an organisation is achieving its objectives. The choice of KPIs in a strategic plan is a tricky business. They are seen as the operational milestones by which to carry out the...
A number of employees, sole traders and company managers receive part of their remuneration in the form of an electricity or heating allowance. This benefit is taxed at a fixed rate. If energy prices rise, companies and employers pay more to grant the benefit. Since...
Ask a business consultant how he would describe the last quarter of a calendar year. Bet he’ll answer something like “hectic”. Every year, whether the exemption from capital gains on shares will be maintained is a main cause of concern for entrepreneurs and business leaders. Five...
Withholding taxes reduce the amount of declarations and checks and the general workload of the government. This may explain why withholding tax in Belgium has been in force for more than a century. However, the simplicity of the withholding tax system has fallen prey to the...
Since all the ministers were local politicians in a past life, they remember that a pint of beer can be as healing as it is refreshing. Their first suggestion therefore is: “Give the people money so that they can enjoy a refreshing pint, and the...
This year’s Chief Technology Officer of the Year award does not go to a person, but to the legion of coronaviruses. Acting as a stress test for digitization, Covid-19 has digitally catapulted a number of businesses and organisations a few light years into the future....
Digitization of taxation and its digital processing are a fait accompli. To claim that we are only at the beginning of this evolution would be kicking at open doors. The current situation brought by the pandemic is also an important catalyst. Anyone who cherishes the...
This doctrine has already given rise to a great deal of intellectual gymnastics. Consider a taxpayer who, due to unfortunate circumstances, has accrued a tax liability which he or she obviously cannot pay off in a lifetime. You would think that, in such a case,...
This doctrine has already given rise to a great deal of intellectual gymnastics. Consider a taxpayer who, due to unfortunate circumstances, has accrued a tax liability which he or she obviously cannot pay off in a lifetime. You would think that, in such a case,...
Dave van Moppes | Tuerlinckx Tax LawyersDave.vanmoppes@tuerlinckx.eu I. Introduction The transposition of the 5th EU anti-money laundering directive (AML)[1] into Belgian law is currently the subject of a preliminary draft law containing various provisions to prevent money laundering and terrorist financing (Anti-Money Laundering/Combating the Financing of Terrorism...